Latest – Page 263

  • News

    'Sophisticated' Dutch funds lead LDI pack

    2008-08-28T16:00:00Z

    [17:00 CEST 28-08] NETHERLANDS – Dutch pension fund strategies have been described as being the most advanced among their developed country peers, as a study of executives suggests the majority have adopted liability-driven investment (LDI) strategies alongside the broadest range of products.

  • News

    ABP extends microfinance commitments

    2008-08-28T15:00:00Z

    [16:00 CEST 28-08] NETHERLANDS – ABP, Europe’s second-largest pension fund by value, has stepped up its position in microfinance investing, and asked Swiss asset manager BlueOrchard to manage a further €50m.

  • News

    Norfolk awards active currency mandates

    2008-08-26T15:45:00Z

    [16:45 CEST 26-08] UK – Norfolk County Council has awarded active currency mandates to Goldman Sachs Asset Management and Auriel Capital Management.

  • News

    Allianz responds to demand for Pensionsfonds risk

    2008-08-22T15:15:00Z

    [16:15 CEST 22-08] GERMANY – German financial group Allianz is relaunching its “Pensionsfonds Chance” offering to deliver various risk levels, on the back of demand from clients who want to pay lower additional contributions.

  • News

    BBC's DB scheme to increase alternatives

    2008-08-20T15:50:00Z

    [16:50 CEST 20-08] UK – Trustees of the £8.1bn (€10.2bn) BBC Pension Scheme have revealed they are looking at increasing commitments to alternative assets, following new allocations into debt, currency and private equity funds in 2007.

  • News

    PGGM taps into CLO market

    2008-08-20T15:25:00Z

    [16:25 CEST 20-08] GLOBAL – PGGM, the asset manager to the Netherlands healthcare pension fund PFZW, has extended its structured credit investment strategy and signed to a $2.5bn (€3.2bn) trade finance agreement with Standard Chartered Bank (SCB) on some of its loans business.

  • News

    NILGOSC adopts unconstrained equity mandates

    2008-08-19T15:50:00Z

    [16:50 CEST 19-08] UK – The Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) has awarded four new unconstrained equity mandates, which includes the appointment of two new managers.

  • News

    Storfjord seeks provider for state scheme

    2008-08-19T11:00:00Z

    [12:00 CEST 19-08] NORWAY – Storfjord kommune is seeking a pension provider to run the state occupational pension fund for the municipality.

  • News

    Trustees must 'vet' buyout firms on future reliability

    2008-08-19T10:00:00Z

    [11:00 CEST 19-08] UK – Trustees and scheme sponsors need to set clear objectives and conduct "thorough due diligence" on buyout firms when looking to reduce pension risk to avoid "costly errors", Mercer has warned.

  • News

    PGGM begins push for fund's clients

    2008-08-18T15:15:00Z

    [16:15 CEST 18-08] NETHERLANDS – PGGM, the asset manager of the giant Dutch health care pension fund PFZW, today announced it is to begin marketing saving products directly to its pension fund’s client base.

  • News

    Buyouts and future of DC top trustee worries

    2008-08-18T13:00:00Z

    [14:00 CEST 18-08] UK – Pension buyouts and the future of defined contribution (DC) schemes are the biggest concerns for pension fund trustees, research from Aberdeen Asset Managers has revealed.

  • News

    KBC to establish international expat fund

    2008-08-14T15:30:00Z

    [16:30 CEST 14-08] BELGIUM – KBC, the banking and insurance group, is in the process of establishing a new international pension scheme for its expatriate employees, which could eventually become pan-European.

  • News

    PPF enhances its own ESG strategy

    2008-08-13T15:45:00Z

    [16:45 CEST 13-08] UK – The Pension Protection Fund (PPF) has appointed F&C Investments to offer advice on responsible investment and provide voting and engagement services.

  • News

    Operational change at €5.9bn German church fund

    2008-08-13T15:30:00Z

    GERMANY – The €5.9bn German pension fund for church employees in Rhineland and Westphalia has announced it will restructure its investment operations, while pushing for more alternatives and diversity through indirect real estate.

  • News

    TIAA-CREF hunts real estate via London office

    2008-08-12T15:00:00Z

    [16:00 CEST 12-08] US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second-largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.

  • News

    'Too early for Fortis EGM', say funds (Update)

    2008-08-11T15:40:00Z

    [16:40 CEST 11-08] NETHERLANDS – A number of large Dutch pension fund and pension fund providers have stamped a unanimous 'no' against shareholder organisations VEB’s call for an extraordinary general meeting (EGM) of Fortis’ shareholders.

  • News

    Longevity risk higher on TLP derivatives - MPL

    2008-08-11T13:30:00Z

    [14:30 CEST 11-08] GLOBAL – Pensions funds are being advised to invest traded life policy funds as part of a strategy to hedge longevity rather than buy direct or opt for TLP derivatives, as a supplier to European pension funds argues only half of the risk is being hedged in ...

  • News

    Co-op's £5.3bn fund confirms custody consolidation

    2008-08-08T15:55:00Z

    [16:55 CEST 08-08] UK – The £5.3bn (€6.7bn) Co-operative Group Pension Scheme (PACE) has tapped BNY Mellon Asset Servicing as its sole custodian.

  • News

    Capacity of buyout providers in doubt

    2008-08-06T14:15:00Z

    [14:15 CEST 06-08] UK – Consultancy firm Aon has warned pension buyout providers are buckling under the weight of current buyout demand and are struggling to cope with requests.

  • Northern Rock pension talks reach impasse
    News

    Northern Rock pension talks reach impasse

    2008-08-05T15:10:00Z

    [16:10 CEST 05-08] UK – Sir David Chapman, chairman of the trustees of the £350m (€441m) Northern Rock final salary scheme, has announced talks with the company have come to a halt over “fundamental differences” on investment strategy.