Latest – Page 232
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Franklin Templeton to manage listed Romanian compensation fund
ROMANIA - Franklin Templeton has been appointed as the investment manager for a €2.4bn property compensation fund, set up by the Romanian government, to compensate people who lost their homes during former Communist rule.
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Pension fund trust in external management 'has returned'
AUSTRIA/GERMANY – Asset managers saw major outflows from institutional investors in 2008, but some pension funds are now expected to increase the share of externally-managed assets in their portfolios.
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Dutch pension talks sought in the wake of cabinet collapse
NETHERLANDS - Social partners see new possibilities for an agreement on pensions, in the wake of the collapsed Dutch coalition government.
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ASIP hopes for mood change on Swiss referendum
SWITZERLAND – The Swiss pension fund association ASIP is "hoping for a mood swing" in public opinion, just days before the Swiss referendum on the pension conversion rate, its president Christoph Ryter has told IPE.
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PNO Media to launch its own provider
NETHERLANDS - The €2.9bn pension fund PNO Media is planning to spin off its services into a separate pension provider, so it can offer its members more than pension products.
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Shell UK pension limits active equities in passive shift
[16:35 CET 01-03] UK – The £10.5bn (€11.65bn) Shell UK Contributory Pension Fund (SCPF) is moving more towards passive management and has placed a cap on active equities, following the completion of an asset liability review.
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ÖPAG rebrands as Valida Pension
[15:45 CET 01-03] AUSTRIA – Valida is the new name for the retirement holding and its subsidiaries like ÖPAG, officials announced today.
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Norway-Global given top-line real estate guidelines
[15:40 CET 01-03] NORWAY - The Norwegian Ministry of Finance has today revealed the Government Pension Fund-Global will in future be invested in real estate as planned, albeit investments will be made over a long period of time, in a bid to reduce risk.
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NewsMn Services implements client improvement plan
[15:30 CET 01-03] NETHERLANDS - Mn Services, the €56bn fiduciary manager owned by the PME and PMT pension funds in the Netherlands, is finalising a strategy to improve its overall service to clients and will introduce a dynamic asset allocation model.
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Eircom DB changes will eliminate deficit
[16:45 CET 26-02] IRELAND – Eircom, Ireland’s largest telecoms operator, has agreed a deal with its trade unions that it claims will clear the pension deficit of €407m.
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Share of long-only investments will reduce – APK
[16:00 CET 26-02] AUSTRIA – Officials at the Austrian multi-employer pension fund APK say the crisis has led them to move its assets further away from long-only benchmark investment, although the old investment categories will still continue to exist.
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Swiss AHV seeks consultant ahead of asset search
[16:55 CET 25-02] SWITZERLAND – The Swiss first pillar buffer fund AHV is looking for an investment consultant to take over a wide range of services including looking at “new asset classes” and providing “forecast analysis”.
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Pension funds to raise equity exposure in 2010
EUROPE - Investors are regaining their trust in equities and many pension funds plan to increase their holding in listed stocks over the course of the year, a study supported by IPE has revealed.
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KPN Pensioen alters its lifecycle product
[13:00 CET 24-02] NETHERLANDS – The hybrid pension scheme of Dutch telecoms provider KPN is altering the asset allocation strategy of its lifecycle fund from April, in a bid to improve the risk control of members’ assets as they head towards retirement.
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AP3 alters strategy after improved returns
SWEDEN – The first four AP-funds in the Swedish pension system between them produced an average return of 19.4% in 2009, equivalent to a net profit of SEK 133.8bn (€13.6bn), to bring the total vlaue of assets to SEK 808.8bn.
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AKA calls for legal certainty in German provincial pensions
[16:50 CET 18-02] GERMANY - A key figure at the German association of local and church pension schemes (AKA) has claimed postponing funded pension schemes because of the financial crisis could be detrimental to trust in the pensions system.
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MetallRente and Nokia/Siemens 'content' with 2009 returns
[16:30 CET 18-02] GERMANY – The CTA of the Nokia Siemens Networks achieved a 7.3% return on investments last year while the multi-employer scheme MetallRente managed between 4.5% and 5.1% in 2009.
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Germany's BVK to increase external management
GERMANY – BVK, the €45bn collective retirement vehicle for over 1.5 million self-employed people and employees in Bavaria, will be fine-tuning each one of its 12 portfolios as part of changes to its strategic asset allocation (SAA) and increasing external management.
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UK roundup: North Yorks, PPF, PADA
[17:10 CET 17-02] UK – North Yorkshire Pension Fund is planning to tender a "plain vanilla" corporate bond portfolio as it seeks the best way to deploy assets currently invested with European Capital Management (ECM).
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Fund managers waver over 2010 growth
[16:50 CET 16-02] GLOBAL - Fund managers are expecting only modest economic growth this year according to two new surveys published today, one of which suggests there has been a fresh loss of confidence in the European investment market.
