Latest – Page 224
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News
Editor's Choice: Interview with Bridgewater's Ray Dalio
Martin Steward speaks with Bridgewater Associates founder Ray Dalio, pioneer of alpha/beta separation and ‘risk parity’
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NewsMembers of Denmark's JOEP lose option to make investment choices
DENMARK – Danish pension fund JOEP has scrapped an option allowing clients to make their own investment choices.
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NewsSPF Beheer publishes international pension book
GLOBAL – SPF Beheer, the Dutch pensions and administration service provider, has published a book summarising the pension systems in developed world countries.
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NewsATP, LD get green light on conducting banking, credit and insurance activities
DENMARK – Legal changes in Denmark will boost the business power of pensions institutions ATP and LD, paving the way for them to run banking, credit and insurance activities, as well as their pensions operations.
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MNOPF reappoints Towers Watson as delegated CIO, seeks new adviser
UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has re-appointed Towers Watson as its delegated CIO and is finalising an RFP for the appointment of an ongoing adviser.
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NewsDutch fund PME sticks to recovery plan without rights cuts
NETHERLANDS – The board of the €22bn pension fund for the Metalektro (PME) has insisted it can recover its financial position without cutting its participants' rights.
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Fiduciary management outperformed during financial crisis, says P-Solve
UK – Fiduciary management has significantly outperformed both equities and diversified static indices during the financial crisis, with a lower level of volatility, according to P-Solve.
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NewsPolicymakers turning blind eye to problem of deflation, says ING
GLOBAL – Policymakers for the world's larger economies have turned a blind eye to the very real risk of deflation, according to ING Investment Management.
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NewsNordic pension fund group snaps up Danish bank
EUROPE – A group of three Nordic pension fund providers and a financial advisory firm have acquired FIH Erhvervsbank, a Danish lender, from Kaupthing Bank, the now defunct Icelandic lender, for DKK5bn (€670m).
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NewsIPE Awards: Secure your entry to the tenth IPE Awards in Monaco
EUROPE – European pension funds only have one week left to submit their nominations for the tenth Annual IPE European Pension Fund Awards, taking place in Monaco on 7 December.
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NewsPension chiefs gloomy on future of Nordic region's welfare model
EUROPE – Senior chiefs from some of Scandinavia's biggest pension funds painted a gloomy picture of the future of the Nordic social welfare model at a recent Nordic Chambers of Commerce event in London.
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News
Risk management is top priority, say global investors
GLOBAL – Solving the risk management challenges they face in the next decade is the top priority for institutional investors, according to a survey by Pyramis Global Advisors, the institutional arm of Fidelity.
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NewsIPE Global Top 1000 survey of institutional investors marks rise of the 'mega-fund'
GLOBAL – There are now 75 pension funds in the European 'super league' – boasting more than €10bn in assets – and over 600 funds with assets of €1bn or more, according to IPE's Global Top 1000 ranking of leading institutional investors.
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NewsLLMA unveils framework for longevity index
UK – The Life & Longevity Markets Association (LLMA) has published the governance framework for its planned longevity index.
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NewsGerman pension funds 'absurd' to ditch equities, academics say
GERMANY – Equities are vital to maintaining return opportunities in second-pillar pensions, according to a study into the effects of the crisis on the German pension system.
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NewsLow Bund yields tax German investors, consultants
GERMANY – Record low Bund yields have very ambivalent effects on German institutional investors, increasing assets and liabilities at the same time, consultancies are pointing out.
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Dutch schemes have 'huge potential' for efficiency through consolidation
NETHERLANDS – Pension funds in the Netherlands can significantly improve their efficiency through consolidation, a comparative study of 90 large pension funds in Holland, the US, Canada and Australia suggested.
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NewsGPS: Pension funds worry about PIGS states, pessimistic on risk
GLOBAL – Pension funds are most concerned about the financial instability potentially caused by PIGS states – Portugal, Italy, Greece and Spain – the latest Global Pensions Survey (GPS), by Tilburg University, IPE and the European Pension Academy, has found.
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Defensive strategy pushes airline scheme off course
NETHERLANDS – Returns from the €5.5bn KLM pension fund for flying staff fell short of its 2009 target after a defensive strategy failed to capitalise on recovering markets.
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NewsHewitt urges Irish DC schemes to avoid long-term bonds
IRELAND – Hewitt has urged defined contribution (DC) pension funds to invest more heavily in short-term government bonds, as it predicted the long-term downturn in interest rates would reverse.
