All IPE articles in June 2008 (Online) – Page 3

  • Danish pension fund pursues quest for equity
    News

    Danish pension fund pursues quest for equity

    2008-06-06T15:55:00Z

    [16:55 CEST 06-06] DENMARK – A Danish corporate pension fund is searching for an active investment manager to handle a $70m (€50m) All-Cap Value global equity mandate, using IPE Quest.

  • News

    Dutch government to lobby against IASB proposals

    2008-06-09T12:15:00Z

    [13:15 CEST 09-06] NETHERLANDS – The Dutch minister of social affairs has agreed to lobby internationally to get essential components of the national pension system acknowledged in the new International Financial Reporting Standards (IFRS).

  • News

    IMA calls for stricter disclosure by consultants

    2008-06-09T13:00:00Z

    [14:00 CEST 09-06] UK - All external advisers to pension funds, particularly investment advisers, should be more transparent about conflicts of interest between their commercial interests and their fiduciary duties, the Investment Management Association (IMA) has warned.

  • GTAA created 26% loss for Provisum
    News

    GTAA created 26% loss for Provisum

    2008-06-09T14:15:00Z

    [15:15 CEST 09-06] NETHERLANDS - The €1.2bn pension scheme Provisum has revealed investment models which could not deal with the volatility in the financial markets last year caused negative returns of -26% on investments in Global Tactical Asset Allocation (GTAA).

  • News

    Private equity funds threaten to leave Austria

    2008-06-09T14:30:00Z

    [15:30 CEST 09-06] AUSTRIA – Private equity funds will find new domiciles unless a legal framework for venture capital investments is created in Austria within the next six to eight months, the private equity association AVCO stressed.

  • News

    Gov't paper may lead to risk-sharing in 2009

    2008-06-09T14:45:00Z

    [15:45 CEST 09-06] UK – The UK government's timeframe for consulting on alternative risk-sharing approaches for pension schemes could allow certain ideas to be included in the Pensions Bill 2008, the Association of Consulting Actuaries (ACA) has claimed.

  • Shareholder bodies merge activism power
    News

    Shareholder bodies merge activism power

    2008-06-09T15:00:00Z

    [16:00 CEST 09-06] NETHERLANDS – Dutch shareholders associations VEB and NCVB have announced plans to merge operations and operate under the name VEB NCVB.

  • PPF Index shows DB surplus passes £50bn
    News

    PPF Index shows DB surplus passes £50bn

    2008-06-09T15:15:00Z

    [16:15 CEST 09-06] UK – The Pension Protection Fund's (PPF) 7800 Index has reported a second consecutive month of increases to record an aggregate surplus of £53.4bn (€67.1bn) at the end of May.

  • Baerum seeks help establishing new pension fund
    News

    Baerum seeks help establishing new pension fund

    2008-06-09T15:45:00Z

    [16:45 CEST 09-06] NORWAY – The Norwegian municipality of Baerum is seeking consultancy services to help in the establishment of a pension fund.

  • German pensions face 'near-full value' shift under IASB reform
    News

    German pensions face 'near-full value' shift under IASB reform

    2008-06-10T14:45:00Z

    [15:45 CEST 10-06] GERMANY - Pension funds and consultants have warned German pension funds will face a major funding upheaval under the International Accounting Standards Board's (IASB) proposed reforms to pensions accounting.

  • Asset managers to up RI focus by 35%
    News

    Asset managers to up RI focus by 35%

    2008-06-10T14:50:00Z

    [15:50 CEST 10-06] Global asset managers predict that the level of assets they manage according to responsible investment criteria, such as themed sustainability funds, negative stock screening and activist engagement with companies, will rise by more than $700bn (€443bn) in the next two years.

  • IPE-Quest: Scandinavian investor goes Latin American
    News

    IPE-Quest: Scandinavian investor goes Latin American

    2008-06-10T15:00:00Z

    [16:00 CEST 10-06] SCANDINAVIA – A Scandinavian institutional investor is looking for managers for a $50m (€35m) Latin America all/large-cap core equity portfolio, using IPE Quest.

  • News

    Austrian pension reform reveals initial effects

    2008-06-10T15:05:00Z

    [16:05 CEST 10-06] AUSTRIA – The Austrian National Bank and economic researchers agree the fear of not having enough money at retirement will influence saving behaviour more than the current economic crisis, as evidence reveals Austrians are saving more than ever before.

  • Two-thirds of trustees not seeking final settlement
    News

    Two-thirds of trustees not seeking final settlement

    2008-06-10T15:10:00Z

    [16:10 CEST 10-06] UK – Companies must take the initiative and "drive forward" solutions to manage pension liabilities, as 66% of trustees have not actively considered ways to finally settle the scheme's liabilities, Deloitte has claimed.

  • NPRF to adopt risk measurement system
    News

    NPRF to adopt risk measurement system

    2008-06-10T15:15:00Z

    [16:15 CEST 10-06] IRELAND – The National Treasury Management Agency (NTMA) is seeking a provider of a risk measurement system for the National Pension Reserve Fund (NPRF).

  • News

    2007 returns fall to 2.4% for PFČP

    2008-06-10T15:20:00Z

    [16:20 CEST 10-06] CZECH REPUBLIC - Penzijní fond Ceské pojištovny (PFCP), the largest pension fund in the Czech republic, has reported a fall in returns to just 2.4% following the recent credit crisis.

  • News

    France presses call for Solvency II on pensions

    2008-06-10T15:55:00Z

    [16:55 CEST 10-06] EUROPE – The French government is reiterated calls for a 'level-playing field' and argued all pension funds should be included under the requirements of the Solvency II directive, just weeks before it takes over the EU presidency.

  • News

    ERAFP appoints Nakamura replacement

    2008-06-11T11:35:00Z

    [12:35 CEST 11-06] FRANCE – ERAFP, the €4.8bn French civil service supplementary pension scheme, has appointed a new chief executive officer.

  • Analysis: The LDI analogy of pensions and airlines
    Analysis

    Analysis: The LDI analogy of pensions and airlines

    2008-06-11T12:00:00Z

    [13:00 CEST 11-06] EUROPE - The move to liability-driven investment strategies has been a hot topic over the last two years. But discussion with consultants has revealed pension funds are still not adopting the strategy’s full process, even though the break-even rate on 40-year inflation has now hit a new ...

  • News

    Hewitt loses Manweb to Mercer

    2008-06-11T12:30:00Z

    [13:30 CEST 11-06] UK – Trustees of the £800m (€1bn) Manweb Group part of the Electricity Supply Pension Scheme (ESPS), has appointed Mercer to provide investment consulting services to its defined benefit (DB) scheme.