Latest – Page 226
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News
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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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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News
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.
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NewsUK roundup: Mercer on longevity, F&C on inflation hedging
UK – Pension scheme liabilities for FTSE 100 companies increased by 1.5% last year, as longevity expectations increased for the fourth year running, according to Mercer.
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NewsCanadian pension fund buys UK group Tomkins for £2.9bn
GLOBAL – The Canada Pension Plan Investment Board (CPPIB) today announced the successful acquisition of UK engineering group Tomkins for £2.89bn (€3.4bn).
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NewsInvestment managers could offer more liability 'solutions', says IMA
UK – The chief executive of the Investment Management Association (IMA) has speculated that investment managers might supply more solutions that address specific liability needs.
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NewsIlmarinen, OP Henkivakuutus take over management of Finland's Alko
FINLAND – The pension fund for Finland's Alko, the state-owned alcoholic beverage retailer, has transferred the management of its statutory and supplementary pension provision to two insurance companies.
