Latest – Page 236
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News
Not a good time for interest rate matching - IPE survey
[15:00 CET 23-12] EUROPE - Now is not a good time to use assets to match interest rate risk in a liability-driven investments (LDI) strategy. Bond yields are too low and assets are better employed seeking yield elsewhere, according to 61.5% of pension funds responding to an IPE survey.
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NewsSSgA wins Clwyd absolute return mandate
[16:00 CET 22-12] UK – Flintshire County Council has appointed State Street Global Advisors (SSgA) to run a £20m (€22.4m) absolute return mandate for the Clwyd Pension Fund.
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NewsPfZW hopes to secure new pensions contract in 2010
[14:00 CET 22-12] NETHERLANDS – Officials at PfZW, the €81.9bn industry-wide pension fund for Dutch healthcare workers, are hoping by next summer to have completed a three-year bid to secure a new pensions contract for all of its members and partners.
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NewsSwiss Alcan pension secures recovery plan
[13:30 CET 22-12] SWITZERLAND – The Swiss multi-employer fund Alcan will be levying additional contributions next year, under a new head who has yet to be named.
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Dutch Nutreco scheme could impose 3% benefits cut
[16:45 CET 21-12] NETHERLANDS - The €244m pension fund of animal nutrition company Nutreco will cut the pension rights of its participants by 3.1% in 2012, if its five-year recovery plan does work out as anticipated.
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Four in 10 Swiss pensions changed asset allocation - Hewitt
[14:30 CET 18-12] SWITZERLAND – Most Swiss underfunded pension schemes chose to cut or abolish indexation above the legal minimum but only 40% changed their asset allocation as a result of the crisis, Hewitt Switzerland found in a survey.
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Russian wealth fund timed equity move to reap market turn
[14:00 CET 18-12] RUSSIA - Russia’s sovereign National Wealth Fund has benefited to the tune of billions following a move earlier this year - to invest in domestic equities - that has been described by analysts as the “trade of the decade”.
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Dutch charity adopts fiduciary management
[16:50 CET 17-12] NETHERLANDS – Prins Bernhand Cultuurfonds, the €120m Dutch charitable foundation, has appointed SEI as a fiduciary manager for 90% of its assets.
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News
New chief at Austria's VVP considers equity risk hedge
[16:00 CET 17-12] AUSTRIA – The Victoria-Volksbanken Pensionskasse (VVP) may hedge parts of its portfolio in 2010, its new head Axel Hartleib, has told IPE.
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News
Dutch trade union heads flurry of new entrants into PfZW
[15:30 CET 17-12] NETHERLANDS - The €450m pension fund of trade union FNV has signed a deal to transfer its members and assets into the PfZW industry-wide healthcare scheme, and others are expected to follow in the near future.
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News
Ownership rights hinder Russian pensions reform
[17:05 CET 16-12] RUSSIA - The Russian legal system is hindering the progress of the country’s pensions reforms, according to a minister from the Department for National Health Services and Social Welfare.
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FRR to offset its own carbon footprint
[16:10 CET 16-12] FRANCE – Officials at the French national pension reserve fund, FRR, are moving to limit the impact of the body’s own greenhouse gas (GHG) emissions, by investing in a Latin American ESG project generating green energy.
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UK industry warns CDC schemes should not be 'closed off'
[13:15 CET 16-12] UK – The UK government has been criticised by pensions industry bodies and trade unions for "closing off" the possible introduction of collective defined contribution (CDC) pension schemes in the UK.
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News
Two down, one to go: FRR signs fresh credit strategies
[13:30 CET 11-12] FRANCE - Fonds de Reserve pour les Retraites (FRR), the French pension reserve fund, has completed the appointment for its second lot of bond mandates, and now has just one more to go.
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News
Video interview: SCA considers early adoption of multi-OPF
[16:30 CET 10-12] NETHERLANDS – Officials at the Dutch pension funds of SCA Paper and Hygiene could be one of the first Dutch groups to create a multi-OPF next year, in a bid to gain improved governance and administration.
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News
Long-term investing could be dead, says FRR chief
[15:00 CET 10-12] EUROPE - Antoine de Salins, chief executive of FRR, France's national pension reserve fund, has urged institutional investors to lobby for greater macro-financial stability, as he warned greater incidence of extreme “tail events” could otherwise leave long-term investing “dead”.
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Neste Oil to transfer pension to Ilmarinen
[15:00 CET 08-12] FINLAND – The Neste Oil pension fund is employing its larger pensions colleague Ilmarinen Mutual Pensions Insurance Company to manage its statutory occupational pensions and portfolio from next year.
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News
Sweden’s AP funds should be merged - report
[16:45 CET 07-12] SWEDEN - A report has been published by an independent think-tank from within the Swedish Ministry of Finance suggesting the country’s first four pension buffer funds should be merged into one, to achieve scale advantages and potentially boost assets by SEK1bn (€958m) annually.
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Pension funds weakened corporate recovery – Watson Wyatt
[16:20 CET 07-12] UK - Deficits in final salary pension schemes are making it much harder for UK companies to restructure and prepare themselves for an economic recovery, according to research by Watson Wyatt and the UK employers organisation the CBI.
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Consultancy sees Pensionsfonds growth
[17:05 CET 04-12] GERMANY – New accounting rules and a higher levy charged by Germany's PSV pension insolvency fund could boost interest in the creation of Pensionsfonds, according to Febs Consulting in Munich.
