All IPE articles in June 2009 (Online) – Page 4
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NewsShareholders must do more on governance - OECD
[15:00 CEST 19-06] GLOBAL – The Organisation for Economic Cooperation and Development has warned shareholders need to be more proactive as owners if corporate governance is to improve globally.
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NewsPension funds push for expert on mining board
[16:40 CEST 18-06] GLOBAL - A resolution, proposed by European and American pension funds, to appoint an independent environment expert to the board of mining company Freeport McMoRan received the support of 32.5% of shareholders.
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NewsSwiss pension level breaches constitution - union
[16:30 CEST 18-06] SWITZERLAND – Pension benefits provided by the first and second pillars no longer provide enough for a decent retirement and should therefore be seen as in breach of the Swiss constitution, the Swiss union Unia has claimed.
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NewsCapita bolsters offering with Gissings deal
[16:20 CEST 18-06] UK – Capita Hartshead has acquired Gissings Consultancy Services in a move designed to bolster and improve its existing services.
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NewsPfZW recovers to 100%
[16:15 CEST 18-06] NETHERLANDS – Pensioenfonds Zorg en Welzijn, the industry-wide pension fund for the healthcare industry, saw its cover ratio rise back up to 100% by the end of May and its assets climb to €74.4bn.
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NewsMembers at 20 schemes could face benefit cuts - DNB
[15:00 CEST 18-06] NETHERLANDS - Approximately 20 pension funds will have to cut their benefits unless their proposed recovery measures generate sufficient improvement to their financial positions next year, the pensions regulator De Nederlandsche Bank has warned
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NewsBlue Sky Group tightens management controls
[14:00 CEST 18-06] NETHERLANDS - The €10.6bn asset manager and pensions provider Blue Sky Group is putting extra measures in place to deal with counterparty risks following the credit crunch.
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NewsHedge funds 'victims of crisis, not culprits', says Lhabitant
[13:30 CESt 18-06] EUROPE - Hedge funds were the victims of the financial crisis and not the perpetrators, and they remain an appropriate tool for institutional investors, argued Francois-Serge Lhabitant at the 12th Uhlenbruch Annual Portfolio Management Conference in Frankfurt.
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NewsHarvard expert urges 'back to beta basics'
[13:00 CEST 18-06] EUROPE - Institutional investors should rethink their obsession with chasing alpha and 'go back to basics' with asset allocation models based on beta or fundamental risk, claimed Luis Viceira at the 12th Annual Portfolio Management Conference in Frankfurt.
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NewsManagers predict early recovery
[17:25 CEST 17-06] GLOBAL – Fund managers are now more optimistic about investment markets for the next 12 months, as just 7% predict there will be a global recession compared to 70% in April, although on a regional basis European managers appears much more sceptical, revealed the Merrill Lynch monthly ...
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NewsIreland cuts former ministers' pensions by 25%
[17:20 CEST 17-06] IRELAND – The government has confirmed former ministers still serving as members of parliament (TDs) and currently in receipt of a ministerial pension will see their benefits cut by 25%.
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NewsCzech funds survive stress test, for now
CZECH REPUBLIC – All Czech pension funds have passed a stress test by the country’s national bank (CNB) but the results show major weaknesses should interest rate levels climb steeply.
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NewsBlackRock deal goes ahead as CVC pulls out on iShares
[17:10 CEST 17-06] GLOBAL – Barclays Group will be selling iShares, the ETF providers, to BlackRock as agreed last week, after giving the earlier bidder CVC Capital Partners one more chance to better the offer.
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NewsPhilips extends its ESG focus
[16:55 CEST 17-06] NETHERLANDS – The Philips Dutch pension fund is planning to invest its assets in the future under the terms of the United Nations Principles for Responsible Investment (UNPRI) and allocate a portion of its assets to responsible investment.
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NewsWednesday people roundup
[16:00 CEST 17-06] GLOBAL - People roundup: KPMG, Mercer, Alignment Investors, National Association of Pension Funds, ETF Securities, Osmosis Capital, Barnet Waddingham.
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NewsCampagne signs fiduciary manager
[15:30 CEST 17-06] NETHERLANDS - The €275m agricultural pension fund Campagne has appointed Mn Services as its fiduciary asset manager.
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NewsConsultancy fears pension 'catastrophe'
[17:20 CEST 16-06] GERMANY – Underestimating the long-term effects of the recent financial crisis on pension schemes and measures to counteract it could lead to a “catastrophe” in the second pillar, German consultancy Longial has suggested.
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NewsNorway-Global passes NOK2.3trn in May
[17:20 CEST 17-06] NORWAY – The value of the Norwegian Government Pension Fund – Global has increased for the third consecutive month to reach NOK 2.308trn (€258.9bn).
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NewsAuto-enrolment will provide 'small' savings boost
[17:15 CEST 16-06] UK – Pension reforms designed to auto-enrol eligible employees into qualifying workplace pension plans will only produce a "relatively small" increase in overall pension savings, the Institute for Fiscal Studies (IFS) has warned.
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NewsMEPs launch legal challenge over reforms
[17:10 CEST 16-06] EUROPE – Members of the ABSL voluntary pension fund for Members of the European Parliament (MEPs) have launched a legal action against the European Parliament over changes to the pension scheme.
