Latest – Page 260
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News
Longevity risk is the 'main issue' for pension funds
[10:45 CET 21-11] EUROPE - Pension funds' "exposure to longevity risk" is still the main liability issue facing pension funds today, Professor David Blake, director of the Pensions Institute at Cass Business School, has warned.
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NewsManagers urge funds 'ask questions'
[16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.
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Dutch given option to delay state pension
[12:30 CET 20-11] NETHERLANDS - Dutch citizens will be given the opportunity to delay receiving their state pension AOW for up to five years, in return for a higher benefit payout.
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Diversification impact 'has decreased' - Verhaegen
[12:00 CET 20-11] EUROPE - The global economic crisis has led to a decreased effectiveness of portfolio diversification for pension funds, according to Chris Verhaegen, secretary general for the European Federation Retirement Provision (EFRP).
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Neyt warns pension funds 'plan for the worst'
[11:30 CET 20-11] EUROPE - Pension funds may be experiencing fewer liquidity problems than other institutions but they must plan ahead in case market conditions worsen, suggests Philip Neyt, chairman of the Belgian Association of Pension Funds and vice president of Public Affairs and Mergers and Acquisitions for Belgacom Group.
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Nestlé scheme mulls 'Wiki-style' risk budgeting
[11:00 CET 20-11] SWITZERLAND – Swiss risk and asset management Fundo is working together with Vevey-based food firm Nestlé on an “open source-minded” financial risk management system, IPE has learnt.
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SSgA wins Hillingdon's multi-asset mandate
[14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.
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Scandinavian scheme to invest in small cap Japan
[12:00 CET 19-11] SCANDINAVIA – An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.
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USS to aim for 30% alternatives target
[16:00 CET 18-11] UK – Officials at the UK’s second-largest pension fund, the Universities Superannuation Scheme, are planning to alter the asset allocation to make alternatives worth up to 30% of the total portfolio.
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NewsBritish Coal scheme seeking investment head
[16:30 CET 12-11] UK - The £10.9bn (€13.2bn) British Coal Staff Superannuation Scheme is looking for a new chairman of its investment sub-committee to replace former Watson Wyatt partner Nick Watts, who has left “by mutual consent”.
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Julius Baer investment chief departs
[12:20 CET 11-11] SWITZERLAND - Beat Wittmann, chief executive of investment products at Swiss private banking group Bank Julius Baer & Co. Ltd., is to depart after less than a year in the job amid a major rethink of strategy.
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IMF warns of need for Finnish pension reforms
[17:15 CET 06-11] FINLAND – The International Monetary Fund (IMF) has warned Finland it needs to improve pension fund management if it is to cope with a rapidly ageing population.
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UK pension funds move from equity into alternatives
[17:00 CET 06-11] UK – Half of UK pension funds plan to decrease their allocation to equity in favour of increasing investments in alternative assets, though transparency remains a driver for allocating to the class, a new study has found.
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Avon targets full investment advice
[16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.
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NewsShell refines UK pension terms
[17:25 CET 30-10] UK – The £12.1bn (€15bn) Shell Contributory Pension Fund is revising the terms of its defined benefit scheme from next year which requires new members to retire later and receive a lower aggregate of their salary.
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UK fiduciary growth to hit £300bn
[14:45 CET 29-10] UK – Asset managers are predicting the recent turbulence in the financial markets could spark a growth of fiduciary management worth £300bn in UK pension fund assets by 2012.
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Pension funds knock BGI off the top
[17:10 CET 28-10] NETHERLANDS – A study of Dutch pension funds has unsurprisingly revealed APG, PPGM and Mn Services have removed Barclays Global Investors as the largest asset manager to Dutch pension funds, but evidence suggests foreign players are increasing their presence in the fiduciary market.
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Turkish pensions to see first of three new entrants
[16:55 CET 27-10] TURKEY - Ray Sigorta, a pensions joint venture from Vienna Insurance Group and Dogan Holding in Turkey, is planning to enter the local private pension funds sector by June 2009, while two others firms are understood to looking at entering too.
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Pension schemes plea for global markets 'pause' (amended)
[16:45 CET 27-10] DENMARK - Danish insurance companies are now calling for a coordinated global stock market ‘pause’ from the continuous fall in equity markets as well as a rescue package to support pension schemes worldwide.
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NewsNorway to extend emerging markets benchmark
[16:50 CEST 24-10] NORWAY – The NOK1.99trn (€222bn) Norwegian Government Pension Fund – Global has confirmed it is considering further investments in India as part of its strategy to invest in emerging markets.
