All IPE articles in June 2009 (Online) – Page 8
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NewsIrish funds recover some of 2008 losses
[16:10 CEST 04-06] IRELAND – Irish managed pension funds saw positive returns for the third month in a row to the end of May, and have now made gains since the beginning of the year, according to data from Rubicon Consulting.
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NewsOnline pensions are coming to Norfolk
[15:45 CEST 04-06] UK – Norfolk County Council has appointed Hymans Robertson to implement an online pensions system to help manage the scheme on behalf of its 50,000 members.
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NewsWest Yorkshire’s Imeson to retire
[15:30 CEST 04-06] UK – Stuart Imeson, head of pensions and investment at the £6bn (€6.9bn) West Yorkshire Pension Fund, is planning to retire later this year so officials have begun a search for his replacement.
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NewsBP closes final salary scheme to new members
[17:15 CEST 03-06] UK - BP is closing its $18.24bn (€12.83bn) final salary pension scheme to new members from 1 April next year.
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NewsBigger pension players push ESG - study
[16:50 CEST 03-06] UK - A group of responsible investment (RI) champions is clearly starting to emerge among UK corporate pension funds, according to the UK Sustainable Investment and Finance body (UKSIF).
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NewsAudit found passive funds lack ESG focus
[16:40 CEST 03-06] UK - A significant proportion of equity holdings managed within passive funds is not subject to high levels of environmental, social and governance (ESG) risk management, suggests an audit carried out by RImetrics.
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NewsSwiss companies to feel pensions pressure – Credit Suisse
[16:20 CEST 03-06] SWITZERLAND – Credit Suisse has warned Swiss companies could suffer weakening of their credit ratings on bond holdings over the coming months as they may be required to tackle weighing pensions funding shortfalls.
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NewsIrish deficits fall a third in two months
[16:10 CEST 03-06] IRELAND – Irish pension fund deficits are likely to have reduced by approximately one-third since March thanks to improved market conditions, but trustees are still being advised by Mercer to focus more on strategic than on operational issues.
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NewsNorway seeks partners in climate change risk study
[16:00 CEST 03-06] GLOBAL - Norway's Government Pension Fund has signed up to a project led by Mercer to measure the impact of climate change on strategic asset allocation.
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NewsWednesday people roundup
[14:00 CEST 03-06] GLOBAL – People roundup: Hewitt, Pimco, Hermes Fund Managers, The Pensions Regulator, Nordea, Prupim, SNS Reaal, RWC Partners.
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NewsRobeco to move its PE team
[13:00 CEST 03-06] EUROPE - The €410m clean tech and sustainable private equity team at Robeco – the Dutch asset management division of Rabobank Group – is about to move from Rotterdam to Zurich, where it will join its fully-owned investment manager SAM.
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NewsInvestor begins a Latam Quest
[17:10 CEST 02-06] IPE-QUEST – A European institutional investor is looking to invest $80m (€56m) in Latin American equities, so is conducting a search via IPE-Quest.
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NewsBuyout market set to halve in 2009
[17:00 CEST 02-06] UK – The UK’s pension buyout market is expected to fall to £4bn (€4.6bn) in 2009, in the wake of the financial crisis.
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NewsDB schemes still too equity-heavy, claims IIA
[16:50 CEST 02-06] UK – A UK-based pensions consultant has urged defined benefit pension schemes to abandon their traditional investment approach for a risk-based investment approach where assets are more closely matched to scheme liabilities, as officials believe there is still too much emphasis on equities.
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NewsPhilips scheme sees limited cover fall
[16:40 CEST 02-06] NETHERLANDS - The €12.5bn pension fund of electronics giant Philips saw only a limited decrease to its cover ratio during the first quarter of this year, compared with other pension schemes, as a relatively large part of its assets were invested in fixed income.
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NewsAPG makes first IMQubator investment
[16:30 CEST 02-06] NETHERLANDS – IMQubator, an innovation project backed by asset manager APG, has selected its first investment target with an allocation of €25m, and bought into a start-up fund combining an absolute return strategy with a new take on sustainability.
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NewsCompetition rules applicable to pension funds - watchdog
[16:10 CEST 02-06] NETHERLANDS - All Dutch pension funds are to be treated as companies under the Dutch competition legislation known as the ‘Mededingingswet’.
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NewsPensions to be 'unaffected' by GM Europe takeover
[16:00 CEST 02-06] EUROPE – Officials at GM Europe say their European pension schemes should be unaffected by the proposed takeover by a Canadian firm, although public figures are not available to deduce the extent of the car manufacturer’s European pensions liabilities.
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NewsDanish fund looks east for pension gains
[17:05 CEST 01-06] IPE-QUEST - A Danish pension fund is looking to invest in actively-managed Asian equities via IPE-Quest.
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NewsMistake could cut teachers' pensions by £100pm (amended)
[16:55 CEST 01-06] UK - Letters have been sent to 11,700 retired UK teachers warning that their pensions will be reduced to correct a previous overpayment by the scheme.
