All IPE articles in May 2009 (Online) – Page 2
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NewsWednesday people roundup
[15:45 CEST 27-05] GLOBAL – People roundup: AP1, IASCF, Ipes, Osmosis Capital, Carnegie Investment Bank
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NewsEC to look at solvency rules on pensions
[14:15 CEST 27-05] EUROPE - The European Commission is to conduct an impact assessment of solvency rules for EU pension funds before it responds to last year's consultation on the topic and a public hearing that was held in Brussels today.
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NewsFRR seeks real estate and transition managers
[17:00 CEST 27-05] FRANCE – The Fonds de Réserve pour les Retraites (FRR), the French pension reserve fund, has launched a search for four investment managers to run transition and real estate portfolios for the €26bn fund.
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NewsCBI calls for 'smoothing' in pension valuations
[16:50 CEST 26-05] UK – The Confederation of British Industry (CBI) has claimed pure marked-to-market valuations "doesn't work for pensions schemes" and an "element of smoothing" should be introduced to protect balance sheets from extreme volatility.
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NewsAustrian pensions system 'riskiest' by comparison
[16:35 CEST 26-05] AUSTRIA – A study of defined contributions pensions regimes in Europe suggests beneficiaries of the Austrian second pillar alone bear almost the full risk of the capital market, according to pension expert Gerald Klec.
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NewsECB staff to strike over pensions
[16:15 CEST 26-05] EUROPE – Staff at the European Central bank (ECB) are planning to hold an initial 90-minute strike next month, in protest against the bank's "unilateral decision-making" concerning changes to its defined benefit (DB) pension fund.
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NewsInvestment ‘bleeding’ has stopped, claims EFAMA
EUROPE - Ucits collective investment schemes saw net inflows of €22bn for the opening three months of 2009, in marked contrast to net outflows recorded for the previous six quarters since the credit crisis began.
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NewsDC assets see second month of growth
[14:45 CEST 26-05] UK – Defined contribution (DC) pension assets have grown for the second consecutive month to reach a combined total of £418m (€477bn), according to Aon Consulting,
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NewsDonner to lead broad review of pension system
[14:30 CEST 26-05] NETHERLANDS - Social affairs’ minister Piet Hein Donner will commission a study into the investment policy and risk management of pension funds, following the severe impact of the credit crunch on the capital-funded second-pillar schemes.
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NewsEU hedge fund 'passports' will take five years to deliver benefits
[14:00 CEST 26-05] EUROPE - Most hedge fund and private equity managers are unlikely to benefit from the passport provisions of the European Commission’s Draft Directive on Alternative Investment Fund Managers (AIFM) before 2014, even though they will have to meet its requirements as soon as it becomes law.
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NewsMunsters to leave APG
[11:45 CEST 26-05] NETHERLANDS - Roderick Munsters is leaving APG, the asset management arm of public employees' pension scheme ABP.
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NewsAgeing impact requires further fiscal 'squeeze'
[17:15 CEST 22-05] UK – Existing plans by the government for fiscal tightening of 6.3% of GDP, or £90bn, over the next few years, to return the current budget to balance by 2017/18, is not sufficient to counter the costs of an ageing population, PricewaterhouseCooper (PwC) has warned.
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NewsBA's pension deficits hits £1.46bn
[17:15 CEST 22-05] UK – The aggregate accounting position of British Airways' (BA) two UK defined benefit (DB) schemes worsened by almost £1.2bn (€1.37bn) in the last financial year, to approximately £1.46bn.
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NewsInvestment triggers 'could derisk pensions'
[17:10 CEST 22-05] GLOBAL – Applying some form of ‘trigger point’ at which investment returns could be collected might be a way of derisking pension schemes and removing the emotional draw some trustees attach to certain assets, suggests consulting firm Lane, Clark & Peacock.
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NewsIIGCC calls for more 'effective' carbon markets
[17:10 CEST 22-05] EUROPE – The Institutional Investors Group on Climate Change (IIGCC) has proposed a number of measures to boost the effectiveness of carbon markets and raise money from the private sector to fund climate change mitigation.
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NewsCountry-specific risk changes could lower funding - LCP
[17:00 CEST 22-05] GLOBAL – Companies with pension arrangements in several countries have been advised by Lane, Clark & Peacock to consider potential changes to funding levels and terms at local schemes based on the overall benefit it will bring to the company, and look at shifting from one country to another if it will lower the overall risk pressures.
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NewsPublic sector reform to boost Romanian pensions
ROMANIA – Second pillar pensions funds in Romania could see a significant boost to membership in the coming years, according to pension experts, as the government is introducing reforms to cut its budget deficit which include reducing the non-contributory pensions for some public sector workers.
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NewsAP6 acquires bankrupt iron foundry
[17:00 CEST 21-05] SWEDEN – Sjätte AP-fonden (AP6) has confirmed it has acquired Arvika Gjuteri, an iron foundry, after the firm was declared bankrupt last week.
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NewsIMA wants effective shareholder engagement
[16:55 CEST 21-05] UK – The number of fund managers making their voting records public increased from just two in 2003 to 24 five years later, so the UK's Investment Management Association (IMA) has revealed amid calls for more effective engagement.
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NewsC&W reports £32m accounting deficit
[16:55 CEST 21-05] UK – Cable & Wireless has reported an accounting deficit in its main UK defined benefit (DB) pension fund of £32m (€36.5m), compared to a surplus of £375m a year earlier.
