Latest – Page 237
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UK roundup: Environment Agency, Logica and Vodafone
[17:10 CET 03-12] UK – The Environment Agency is seeking global bond managers for its £1.4bn (€1.5bn) active pension fund.
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SNPF appoints Aegon for fixed income
[16:55 CET 03-12] NETHERLANDS – The €1bn Stichting Notarieel Pensioenfonds (SNPF) has awarded Aegon Asset Management a mandate to run part of its fixed income allocation and provide a fixed income overlay for an existing loans portfolio.
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Tories to review means-testing with personal accounts
[16:50 CET 03-12] UK – Theresa May MP, the shadow secretary of state for work and pensions, has stated the current UK government's failure to address the impact of means-testing on the 2012 pension reforms will be one of the issues it will include in a review of the personal ...
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Deutsche Bank opens cross-border pension vehicle to clients
[15:45 CET 01-12] GERMANY – Deutsche Bank has created a cross-border asset-pooling vehicle for its own pension assets, and is now inviting clients to join too.
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UK roundup - Torfaen, RPMI, BMI, Harrods, East Riding
[16:30 CET 30-11] UK – Torfaen Council has appointed a global equity manager, while RPMI has been awarded the administration contract for the Arup pension fund.
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Pension schemes warned to prepare inflation-proof strategies
[16:15 CET 30-11] GLOBAL/UK – Pension funds and other institutional investors, particularly those with inflation-linked liabilities, have been advised by Watson Wyatt to plan ahead for a return to high inflation, even though suitable investments could in some cases prove expensive.
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Credit Suisse pension fund cuts equities
[16:00 CET 30-11] SWITZERLAND – Credit Suisse reduced the equity exposure in its Pensionskasse by 10 percentage points in September and October, but officials have indicated they may hike the fund's equity holding again soon.
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IPE study: Good marks for consultants on asset allocation
[16:45 CET 27-11] EUROPE - Pension funds responding to an IPE survey have largely given their thumbs-up to consultants as providers of asset allocation.
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Time is ripe for LDI, says Union's Neumann
GLOBAL - Active management and risk management are key parts of a pension fund's armoury in the post-crisis financial environment, according to Union Investment's head of quantitative strategies Thorsten Neumann, and liability-driven investment (LDI) will take on renewed importance.
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Fiduciary management to evolve as 'risk will be the new return'
[15:15 CET 26-11] GLOBAL - Fiduciary management is entering a “post-product” era with the creation of bespoke, unbundled services for pension funds, and assets managers will win “the fiduciary turf war” in the battle for business, according to a report on the fiduciary management market.
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Personal accounts get support for alternative assets
[16:25 CET 25-11] UK – The Personal Accounts Delivery Authority (PADA) has revealed that around 80% of pensions social partners support the use of alternative assets in the investment strategy of personal accounts, with property and commodities considered the most appropriate diversifiers.
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Icelandic Investment Fund delayed
[15:50 CET 24-11] ICELAND – The establishment of the Icelandic Investment Fund (IIF) has been delayed until next month to give pension funds more time to decide whether or not to join the venture.
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Pension funds to up focus on 'creeping' climate change
[16:45 CET 23-11] EUROPE – A group of UK-based institutional investors, including the Universities Superannuation Scheme (USS), has urged investors to engage with companies and policymakers on the issue of climate change adaptation, and to incorporate the related risks into their analysis and decision-making.
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Weekly pension updates 'relax trustees' - BP
[16:15 CET 23-11] UK – Providing trustee boards with weekly updates on the financial position of the fund does not encourage investment short-termism but instead makes them more "relaxed" to market volatility, according to the chief executive of BP Trustees Limited.
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Pension funds rethink hidden investment risks
[16:00 CET 23-11] EUROPE – Pension fund officials say the unexpected investment risks suffered by many European pension funds in the last two years has forced many executive boards to completely rethink their priorities, the sources of their investments and the way they conduct business.
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NewsCrisis allows Invensys to renegotiate terms
[14:30 CET 19-11] EUROPE – Pension funds should use the current financial pressures to renegotiate the terms, conditions and pricing with every service provider and contract they engage in, according to the UK’s Invensys pension plan. This would help them to improve their financial positions and raise the level of ...
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NewsUK trustees need improved investment delegation
[12:30 CET 19-11] UK – Trustees of UK defined benefit (DB) schemes need to enhance their investment decision-making processes, including more efficient delegation, to allow them to focus on key issues such as funding, strategy and risk, according to research from Russell Investments.
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NewsUK's CDC completes buy-in with Rothesay Life
[17:00 CET 17-11] UK - The CDC Pension Scheme has bought in insurance to back benefits for defined benefit members in a £370m (€417m) deal with Goldman Sachs subsidiary Rothesay Life, which has parties say has been structured to give the scheme “unique” security.
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NewsUK roundup: Celestica, North Yorks and ICAEW
[14:30 CET 17-11] UK – Celestica's UK scheme has adopted an implemented consulting strategy, while the £1.2bn (€1.34bn) North Yorkshire pension fund is seeking investment advisers and consultants, and the Institute of Chartered Accountants for England and Wales (ICAEW) is in consultation to shut it defined benefit (DB) scheme to ...
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NewsUnilever's Docherty predicts trustee behaviour change
[14:00 CET 17-11] UK – The recent economic downturn is likely to have led to a change in trustees' behaviour with regards to pension investment strategy and a greater balance between risk and reward, according to Unilever pension fund's Angela Docherty.
