Latest News from IPE – Page 430
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NewsABP and PFZW headed for early pension cuts as funding level crashes
Collapsing interest rates caused funding to fall through the minimum level of 90%, meaning millions of Dutch savers face pension cuts from next year
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NewsSwiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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PFA sheds Chinese coal stocks in latest climate purge
Danish fund divests seven companies and puts another seven under observation as part of its semi-annual portfolio climate review
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Market bounce boosts second-quarter gains for Portuguese funds
Strong relative investment performance was not enough to compensate for rising liabilities, according to Willis Towers Watson
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NewsReprieve for Swedish pension firms as government delays reform
The Timetable for establishing a procured marketplace has been pushed back by four months to the start of 2021, giving managers more time to prepare
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Lack of responsible opportunities will hinder ESG investing, survey finds
European survey conducted by NNIP reveals 50% believe RI carries risk management challenge
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NewsLCP questions high performance fees paid by ailing Dutch schemes
ABP and PFZW paid out €1.4bn in performance fees over five years – but could still cut pension payments
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NEST to launch regulated investment arm
The £8bn multi-employer scheme has requested authorisation from the UK regulator to set up NEST Invest to allow co-investments and derivatives use
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NewsNEST names managers for first move into private markets
Amundi and BlackRock will manage roughly 5% of the DC master trust’s default funds with inflows expected to start in October
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Fresh QE likely to boost corporate bonds, say managers
Mario Draghi’s final appearance as ECB president bought a 10-basis-point rate cut and open-ended quantitative easing
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NewsSwedish pensions lobby says new IORP II rules too close to Solvency II
The regulator has revised its timetable for the implementation of IORP II, pushing the deadline back to January 2020 – a year after it was supposed to come into force
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APG, PGGM to launch sustainable investing platform for asset owners
The artificial intelligence-based vehicle will assess potential sustainable development investments and has already earned the support of big investors such as USS
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PRI in Person: Danone CFO calls for new investor mindset about value
‘Join us’, CFO of global food company tells delegates at major responsible investment conference
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People moves: Amundi hires ESG research head from CDC
CDC, Amundi, ERAFP, Vasakronan, Willhem, Alecta, HSBC GAM, Sampension, DWP, SSGA, Smart Pension, Northern Trust, River and Mercantile, Muzinich, MAPFRE AM, TOBAM, Schroders, CBAM, ICG
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PRI in Person: Natixis IM CEO on empirical evidence in ESG investing
In a welcome speech to delegates, Jean Raby says investors need to ‘go back to basics’ and ask themselves what they are trying to achieve
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Dutch Pensions Federation clashes with regulator on governance overkill
Industry organisation fears ‘unnecessary and costly’ changes from De Nederlandsche Bank while it is dealing with serious funding problems
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NewsUK Law Commission calls for input on pooled fund voting laws
The Law Commission was asked by the UK government to carry out a study about the system of ‘intermediated securities’
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NewsClimate change: PKA chief urges business backing for €1.6trn investment push
Also: Companies must improve climate change reporting, says UBS; Candriam seeks to offset carbon emissions from asset management operations
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NewsRothesay Life to raise £500m in preparation for DB insurance deals
Plus: Legal & General has insured a UK law firm’s £35m scheme, transferring from its fiduciary management business
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AP Funds take active role in bid to tackle money laundering
The Swedish state pension buffer funds’ Council on Ethics gathered major banks and regulators together to discuss recent scandals
