All IPE articles in June 2009 (Online) – Page 2
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NewsInvestment tide turning towards Japan?
[13:30 CEST 26-06] GLOBAL - Fund managers and investors are turning their attention to the Japanese equity market again as some officials claim the economic downturn means larger Japanese firms may be better equipped to meet the pressures than in other countries.
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NewsIORPs should not 'over-react' to crisis
[13:00 CEST 26-06] EUROPE – The impact of the current economic crisis has resulted in closer scrutiny by many European supervisors of occupational pensions and the shared message appears to be pension funds should not over-react, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said.
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NewsPension funds pick Thames River for multi-manager
[16:45 CEST 25-06] UK – Thames River Capital has been awarded three institutional mandates, including two UK-based pension funds, for its multi-manager services.
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NewsLAPFF M&S resolution garners more support
[16:40 CEST 25-06] UK – The Local Authority Pension Fund Forum (LAPFF) has received backing from proxy voting advisory services for its shareholder resolution to appoint an independent chair to the board of retailer Marks & Spencer by July next year.
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NewsDC recovery needs another nine months – Aon
[16:30 CEST 25-06] UK – Investments in defined contribution pension funds may have seen positive returns for three months in a row but it will take at least another nine months of similar returns to pull assets back to 2007 levels, according to analysis by Aon Consulting.
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NewsPension funds criticise PwC's Dutch costs study
[16:00 CEST 25-06] NETHERLANDS - The trade bodies of Dutch pension funds have criticised the findings of a comparative study by PrciewaterhouseCoopers on administration costs of collective pension schemes by insurers and pension funds.
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NewsUSS goes in search of private equity expertise
[15:00 CEST 25-06] UK – USS, the UK’s second-largest defined benefit pension scheme, is expanding its alternative investments team again but is this time turning its attention to private equity.
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NewsGerman pensionskasse delivered 4.8% in 2008
[14:30 CEST 25-06] GERMANY – VVaG, the German pensionskasse for various cooperatives, managed to grant its members 4.8% interest for 2008 and generate a positive return as the pension fund held no exposure to equities.
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NewsCrisis set Dutch schemes back by €94bn - DNB
[14:00 CEST 25-06] NETHERLANDS - Dutch pension funds have lost a total of €94bn since their combined assets peaked at the end of the first quarter of 2008 at €763bn, the pensions regulator De Nederlandsche Bank has revealed.
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NewsIslington awards UK bonds mandate
[16:50 CEST 24-06] UK – Islington Council has appointed Standard Life Investments to run a UK active bond mandate worth up to £150m (€175m) to its local government pension fund.
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NewsClwyd tenders hedge fund portfolio
[16:45 CEST 24-06] UK – Flintshire County Council is seeking an investment manager to run a specialist £40m (€47m) hedge fund portfolio for the Clwyd Pension Fund.
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NewsBudget cuts blamed for fall in pensions motivation
[16:40 CEST 24-06] UK – Over three-quarters of UK companies believe the plan to reduce higher rate tax relief on pensions has reduced motivation to provide both defined benefit (DB) and defined contribution (DC) schemes, research by PricewaterhouseCooper (PwC) has revealed.
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NewsSwiss pensionskasse born out of buffer concerns
[16:30 CEST 24-06] SWITZERLAND – The local railway operators for the Matterhorn Gotthard Bahn and the Gornergrat Bahn have decided to leave the Ascoop fund to create their own pensionskasse.
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NewsAPG deems ESG essential in IT contract
[16:15 CEST 24-06] NETHERLANDS – APG Group, the asset management arm of the ABP pension fund, has signed a 10-year deal to have Cofely Netherlands look after its IT as the running of its new data centre in Masstricht has a strong environmental and social governance focus.
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NewsAegon gains full control of Romanian pension business
[15:45 CEST 24-06] NETHERLANDS - Dutch insurer Aegon has gained full control of the Romanian pension business BT Aegon by completing the acquisition of a 50% stake in Banca Transilvania’s.
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NewsSmaller pension funds demonstrate less sophistication
[15:30 CEST 24-06] NETHERLANDS - The strategic portfolio choice of small and medium-sized pension funds is often based on coarse and less sophisticated approaches than larger pension funds, researchers have claimed.
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NewsWednesday people roundup
[14:00 CEST 24-06] GLOBAL – AEIP, EFAMA, Newscape Capital Group, Liontrust, Gartmore, Cordea Savills, Aviva Investors, Xafinity, Cheyne Capital Management
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NewsLords warn tax relief cut risks pension damage
[17:20 CEST 23-06] UK – A parliamentary committee has warned that changes to the UK pension tax relief system for higher earners undermine existing rules which were overhauled in 2006 and risk sapping confidence by removing the "simplicity, consistency and certainty" around the tax system.
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NewsONS says 2012 reforms may double DC membership
[17:20 CEST 23-06] UK – The UK's 2012 pension reforms could double the membership of defined contribution (DC) schemes, although questions remain over whether they will be capable of providing sufficient retirement income in the future, the Office of National Statistics (ONS) has claimed.
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NewsPPF levy remains stable, for now
[17:10 CEST 23-06] UK – The Pension Protection Fund (PPF) has honoured previous commitments by confirming the levy for 2010/11 will be £700m (€817.2m), indexed to wages, although it warned schemes the levy may rise in the future to allow the PPF to meet its commitments.
