All IPE articles in June 2008 (Online) – Page 9
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News
APG reshuffles Asian real estate team
[16:50 CEST 03-06] NETHERLANDS – Dutch APG Investments, the wholly-owned division of ABP created to manage the assets and administration of the pension fund, has reshuffled its Asian real estate team.
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News
PNO Media cover ratio drops to under 115%
[16:20 CEST 03-06] NETHERLANDS - Market turmoil and falling interest rates caused the financial position of the €2.7bn pension fund PNO Media to deteriorate by 5.8% during the first quarter, the scheme’s Q1 financial results reveal.
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News
New LDI tools evoke 'false sense of security'
[16:15 CEST 03-06] UK – Pension fund trustees have been warned to heed thinking too short-term and seeking refuge in new risk management tools and investment strategies, as a new study claims they give a false sense of security.
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News
Salzburg seeks multi-employer fund membership
[16:00 CEST 03-06] AUSTRIA – The Austrian federal state of Salzburg has announced it is looking to join a multi-employer pension fund for the local government staff.
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News
Pensions 'tax abuse' ceiling condemned
[15:45 CEST 03-06] DENMARK - Forsikring & Pension (F&P), the Danish insurance and pensions industry association, has branded proposals to impose a ceiling of DKK100,000 (€13,407) a year on Danish pensions contributions as "unnecessary and damaging".
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News
Devon seeks managers after Capital sacking
[15:30 CEST 03-06] UK – Devon County Council has sacked Capital International as one of the asset managers to its £2.19bn (€2.76bn) pension fund and is now searching for new managers to look after three global fixed income and equity mandates.
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News
Unions attack slashing of minimum interest rate
[13:00 CEST 03-06] SWITZERLAND - Swiss unions have warned the government is cutting the minimum interest rate required for retirement assets by 0.75 percentage points by too much.
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News
Schemes act on inflation despite surplus
[16:50 CEST 02-06] UK – Companies are increasingly turning to derivatives to protect scheme funding levels against inflation risk even though the top 200 private sector defined benefit (DB) schemes generated surpluses worth £6bn in May, Aon Consulting has revealed.
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News
Norway’s oil fund stockpiles European equity
[16:40 CEST 02-06] NORWAY – The NOK1.947trn (€245bn) Norwegian Government Pension Fund – Global has confirmed it is close to owning more than 1% of the entire European stock market.
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News
Allianz swallows drinks maker's pension reserves
[16:30 CEST 02-06] GERMANY – The pension reserves for 600 retired workers at Germany's Eckes AG have been transferred into a fund to be managed by Allianz Life Insurance.
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News
ESG push sees AP7 withdraw weapons
[16:15 CEST 02-06] SWEDEN – AP7, the Swedish pension fund buffer, is selling its equity stake in 10 companies producing cluster bombs and nuclear weapons, as part of its environmental, social and governance (ESG) negative screening policy.
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News
Ireland urged to 'reconsider' annuity and funding policy
[15:30 CEST 02-06] IRELAND – The Irish government should reconsider the funding standards for pension funds and the requirements to purchase annuities as part of its framework for reform, the OECD has suggested.
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News
ABP's Brinkman to mediate in Optas row
[15:15 CEST 02-06] NETHERLANDS – Dutch social affairs minister Piet Hein Donner has asked Elco Brinkman, exiting chairman of the giant Dutch teachers and civil servants pension fund ABP, to mediate in the Optas case.
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News
Aegon reshuffles asset management
[15:00 CEST 02-06] GLOBAL – Aegon, the Dutch insurer and pension provider, today announced it will bring together its asset management operations in the US, the UK and the Netherlands into one entity.
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News
APG makes single ESG divestment
[14:45 CEST 02-06] NETHERLANDS – APG, the newly-created asset manager and administrator of €218bn Dutch pension fund ABP, has divested its shares of just one company since stepping up its environmental, social and governance (ESG) policy last year.
