All IPE articles in June 2008 (Online) – Page 7
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News
NPRF to adopt risk measurement system
[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).
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Two-thirds of trustees not seeking final settlement
[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.
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Austrian pension reform reveals initial effects
[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.
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News
IPE-Quest: Scandinavian investor goes Latin American
[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.
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Asset managers to up RI focus by 35%
[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.
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German pensions face 'near-full value' shift under IASB reform
[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.
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News
Baerum seeks help establishing new pension fund
[16:45 CEST 09-06] NORWAY – The Norwegian municipality of Baerum is seeking consultancy services to help in the establishment of a pension fund.
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PPF Index shows DB surplus passes £50bn
[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.
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Shareholder bodies merge activism power
[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.
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Gov't paper may lead to risk-sharing in 2009
[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.
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Private equity funds threaten to leave Austria
[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.
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GTAA created 26% loss for Provisum
[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).
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IMA calls for stricter disclosure by consultants
[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.
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News
Dutch government to lobby against IASB proposals
[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).
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News
Danish pension fund pursues quest for equity
[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.
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OECD reaches 'proportional' safeguards to SWFs threat
[16:30 CEST 06-06] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has managed to secure agreement between governments they will apply investment safeguards considered “proportional to clearly-identified national security risks” where sovereign wealth funds (SWFs) attempt to invest in domestic assets.
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News
Actuaries criticise dismissal of enhanced transfers
[16:00 CEST 06-06] UK – Enhanced transfer values can offer a genuine opportunity for members to receive a bigger pension and should not be automatically rejected, actuaries have claimed.
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News
Teeside offers £1.75m direct property mandate
[15:45 CEST 06-06] UK – Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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News
German CGT reforms 'to cut pensions'
[14:00 CEST 06-06] GERMANY – Lifting the capital gains tax (CGT) exemption for pension funds would create a double burden on pensioners, the association of company-specific pension schemes (VFPK) hs warned.
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IAPF warns of compulsory pensions 'havoc'
IRELAND – The Irish Association of Pension Funds (IAPF) has warned introducing compulsion to Irish pension schemes would “cause havoc”.