All IPE articles in June 2008 (Online) – Page 6
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NewsKPMG places new DC scheme with Aegon
[15:50 CEST 13-06] NETHERLANDS - Financial consultant KPMG has contracted insurer Aegon to manage its pension scheme and, at the same time, has changed its arrangements for active participants from defined benefit to defined contributions.
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NewsATP opposes EFRP in Solvency II debate
[14:45 CEST 13-06] EUROPE - Lars Rohde, chief executive of the DKK349.3bn (€46.8bn) Danish ATP pension fund, today defended calls for Solvency II requirements to be applied to pension funds, by arguing it is a way of making it clear “risk is in short supply”.
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NewsSurvey reveals 'unimaginative' ETF use
[17:10 CEST 12-06] EUROPE – Exchange Traded Funds (ETFs) are not successfully customised, while advance features are underused, a survey of over 100 institutional investors has found.
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NewsCresswell leaves Lehmans’ pensions team
[17:05 CEST 12-06] EUROPE – Nigel Cresswell, head of the Lehman Bros' pensions advisory team for Germany and Switzerland, has resigned after just a year with the firm, IPE has learnt.
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NewsDutch support emerges for Solvency II U-turn
[17:00 CEST 12-06] NETHERLANDS – The French-initiated reversal earlier this week on the European solvency framework, known as Solvency II, continued at the Pensioen Forum 2008 in Rotterdam, as experts have pleaded for a single solvency framework.
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NewsHertfordshire extends global equity portfolio
[14:00 CEST 12-06] UK – Hertfordshire County Council pension fund has appointed three new global equity investment managers on a £9.4m (€11.9m) contract, which includes a replacement for Capital International.
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NewsNorthumberland LGPS loses £41m in Q1
[13:30 CEST 12-06] UK – Northumberland County Council pension fund lost almost £41m (€52m) from the value of its assets in the first three months of 2008.
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News'No need for new SRI commission' – Hummels
[13:00 CEST 12-06] NETHERLANDS – Harry Hummels, author of influential guidelines for responsible investing (SRI) for pension funds, says there is no need to launch another practical commission to measure how schemes have improved their SRI-practices.
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NewsRegulatory framework sufficient - Austrian FMA
[12:00 CEST 12-06] AUSTRIA – There are no plans to tighten Austrian pension fund regulations in the wake of the subprime crisis, the supervisory body FMA confirmed today.
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NewsPensioner income increased by £10 in 2006/07
[11:00 CEST 12-06] UK – Over 50% of pensioners received an average income of £156 a week from occupational pension schemes in 2006/07 - a rise of just £10 a week on the previous year, according to UK government figures.
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NewsDutch metal funds roll out joint SRI policy
[16:55 CEST 11-06] NETHERLANDS – The two Dutch pension funds for the metal industry, the €33bn PMT and the €21.5bn PME, today launched a joint social responsible investment policy.
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NewsNew Italian government alters pension plans
[16:40 CEST 11-06] ITALY - Maurizio Sacconi, welfare minister of the Italy’s new right-wing government, has unveiled plans for the Italian pension system which may result in an open battle with the country's trade unions over the coming months.
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NewsNorway warns US regs could deter foreign investors
[15:00 CEST 11-06] NORWAY – The Norwegian Ministry of Finance has warned the US that proposed regulations on foreign investment could have the "side-effect of deterring foreigners from investing in the US".
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NewsHSBC consults on DB cost-sharing options
[14:30 CEST 11-06] UK – HSBC is consulting members on a series of options for employees to share the costs of maintaining its defined benefit (DB) scheme, including introducing employee contributions of up to 5% by 2012.
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NewsWednesday people roundup
[14:00 CEST 11-06] GLOBAL: People roundup – Pimco, Edhec, SAM, Hymans Robertson, JOHCM, SPC, Barings, Mercer, Aon, B&CE, S&P.
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NewsHewitt loses Manweb to Mercer
[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.
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AnalysisAnalysis: The LDI analogy of pensions and airlines
[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 ...
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NewsERAFP appoints Nakamura replacement
[12:35 CEST 11-06] FRANCE – ERAFP, the €4.8bn French civil service supplementary pension scheme, has appointed a new chief executive officer.
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NewsFrance presses call for Solvency II on pensions
[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.
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News2007 returns fall to 2.4% for PFČP
[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.
