Latest – Page 266
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News
PGGM cuts alternative beta target
[14:00 CEST 27-06] NETHERLANDS – PGGM, the asset manager in charge of the €88bn assets of the Dutch health care pension fund PFZW, is likely to halve its 8% target allocation to alternative beta.
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Norwegian local authority to build new scheme
[15:00 CEST 26-06] NORWAY – The Norwegian municipality of Ski has issued a tender for the provision of services to set up a new occupational pension scheme.
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Dutch funds see equities fall €32bn
[16:30 CEST 25-06] NETHERLANDS – Dutch pension funds saw the value of their equity portfolios drop by another 6% in the first quarter of 2008 because of continued unrest on the financial markets, the Dutch central bank DNB said today.
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NewsNorway consults on ethical pension guidelines
[17:05 CEST 23-06] NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which highlights potential changes such as introducing a 'cut-off' point for active ownership discussions.
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Unions call for full buyout review
[15:50 CEST 20-06] UK – A full review of the pension buyout market is needed to avoid putting pension schemes at risk from asset-stripping business models that seek to avoid regulation, the Trades Union Congress (TUC) has warned.
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Euro-equities hit popularity low with institutions
[16:35 CEST 19-06] GLOBAL – Stagflation fears are driving institutional investors out of equities and bonds into cash, as fund mangers globally have their most negative stance towards equities in a decade, according to investment bank Merrill Lynch.
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Industriens eyes consolidation of small pension schemes
[15:10 CEST 18-06] DENMARK - Two of Denmark’s smaller pension funds are considering merging with the much larger Industriens Pension, in a deal which could boost Industrien’s assets by 13%.
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Funds critical of non-cap-weighted indices
[16:30 CEST 17-06] EUROPE – A panel of institutional investors have expressed its doubt about the added value of non-cap-weighted indices such as fundamental indices.
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Pension communication needs interactive kick
[17:00 CEST 16-06] NETHERLANDS – Pension funds need to transform the way they communicate with their members by appealing to the social DNA today’s fifty-somethings and the ever expanding computer game generation demanding interactivity.
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Rights issue protagonist quits UBS
[16:50 CEST 16-06] SWITZERLAND – Swiss pension fund Profond has sold its shares in Swiss bank UBS citing “mistrust” in the new management, just months after arguing smaller shareholders should be allowed to invest in the firm.
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Merseyside tenders European equities mandate
[16:20 CEST 16-06] UK – The £4.3bn (€5.5bn) Merseyside Pension Scheme is seeking an European equity manager to run a portfolio valued at approximately £135m.
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Survey reveals 'unimaginative' ETF use
[17:10 CEST 12-06] EUROPE – Exchange Traded Funds (ETFs) are not successfully customised, while advance features are underused, a survey of over 100 institutional investors has found.
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Hertfordshire extends global equity portfolio
[14:00 CEST 12-06] UK – Hertfordshire County Council pension fund has appointed three new global equity investment managers on a £9.4m (€11.9m) contract, which includes a replacement for Capital International.
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Pensioner income increased by £10 in 2006/07
[11:00 CEST 12-06] UK – Over 50% of pensioners received an average income of £156 a week from occupational pension schemes in 2006/07 - a rise of just £10 a week on the previous year, according to UK government figures.
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Norway warns US regs could deter foreign investors
[15:00 CEST 11-06] NORWAY – The Norwegian Ministry of Finance has warned the US that proposed regulations on foreign investment could have the "side-effect of deterring foreigners from investing in the US".
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NewsBaerum seeks help establishing new pension fund
[16:45 CEST 09-06] NORWAY – The Norwegian municipality of Baerum is seeking consultancy services to help in the establishment of a pension fund.
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NewsTeeside offers £1.75m direct property mandate
[15:45 CEST 06-06] UK – Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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Aegon to roll out pension asset pooling in autumn
[16:35 CEST 05-06] NETHERLANDS – Aegon is planning to launch a pension asset pooling platform in autumn which is is being developed with Citigroup and TKP Investments andis specifically targeted at multinational companies, IPE has learnt.
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Delta Lloyd to outsource German fund administration
[14:00 CEST 05-06] GERMANY – Kas Bank, the Dutch securities bank, today announced it has entered into discussions on an exclusive basis with Delta Lloyd Deutschland AG to take over fund administration activities in Germany.
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Regulatory compliance 'challenge' for UK and Netherlands
[16:15 CEST 04-06] GLOBAL – Around 45% of pension funds find it challenging to comply with pension regulation following increased complexity in governance requirements, according to SEI Global Institutional Solutions.
