All IPE articles in November 2005 (Online) – Page 3
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Demand for Germany’s Riester pensions surges
GERMANY – Demand for the Riester-Rente, a government-subsidised private pension launched in 2002, has increased dramatically this year, the German finance ministry has reported.
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Sweden’s AP7 taps BoNY/Nordea for custody
SWEDEN – Sjunde AP-fonden, Seventh Swedish Pension Fund or AP7, has awarded sole custody to Nordea and the Bank of New York.
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Call for pan-European pensions coordinator
EUROPE – Anne Maher, the chief executive of Ireland’s Pensions Board, has suggested that a pan-European pensions coordinator might be a good idea.
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Aegon tells schemes to take more risks
NETHERLANDS – Aegon has urged pension funds to take more risk in their portfolios despite regulatory requirements and declining funding ratios.
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Fortis to spend €200m revamping management
GLOBAL – Fortis will spend around €200m to shake-up around 3,000 management level staff, it said today.
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Portugal best overall for pensions - Aon
EUROPE – Portugal has the best overall pensions system in Europe, according to Aon Consulting’s new European Pensions Barometer.
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Frijns: change the structure not the strategy
NETHERLANDS – Jean Frijns, the former investment chief at Dutch civil service fund ABP, has outlined his thoughts on how the Dutch pension fund structure should be amended.
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UK says it won’t plug Royal Mail pension gap
UK – The Royal Mail pension fund will not be receiving a £2bn (€2.9bn) cash injection to help reduce its deficit, a spokesperson for the department of trade and industry told IPE today.
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Dutch employers critical of portability plan
NETHERLANDS – Dutch employers organisation VNO-NCW has criticised the European Commission’s proposed directive on pensions portability – saying it could threaten the Dutch pension system.
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EFAMA calls for changes to IORP directive
EUROPE - European investment fund association EFAMA has called for the European Commission to make “significant changes” to the occupational pensions directive to help facilitate a single European market for investment management.
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Majedie to develop new fund business
UK – Majedie Investments, the backer of the UK equity boutique Majedie Asset Management founded by former Mercury executives, is looking at developing a new fund management business.
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BVI renews efforts for German 401(k)
GERMANY – Following the swearing-in of a new government today, German fund industry association BVI is redoubling efforts to get MPs to introduce its proposal for a simplified retirement account.
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Interpolis’ Staats to join Swiss Life
NETHERLANDS – Gerard Staats, legal and tax adviser at pensions manager Interpolis, is to leave to join Swiss Life (ZwitserLeven) in a policymaking role.
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Watson Wyatt hires Russell’s Penfold
UK – Consulting firm Watson Wyatt has hired Russell Investment Group’s Robin Penfold as a senior investment consultant.
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500+ sign up for IPE online pensions symposium
EUROPE – More than 500 pension industry professionals have signed up to participate in IPE’s online pensions symposium tomorrow.
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German institutions ‘unwilling to take risk’
GERMANY – Nearly all German institutional investors are unwilling to take any risk when investing on capital markets, according to a new study released by German asset manager Union Investment.
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Czechs ‘need parametric pension reform’
CZECH REPUBLIC – The Czech Republic needs to implement a parametric pension reform and raise the retirement age, according to the International Monetary Fund.
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EU clarifies status of UK/Ireland schemes
UK/IRELAND – The European Commission has confirmed that UK/Ireland pension schemes do come under the cross-border provisions of the directive on occupational pension funds.
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Dutch Parliament postpones levensloop choice
NETHERLANDS - The mandatory choice between the savings scheme ‘spaarloon’ and the new ‘levensloop’, or life course, scheme will be postponed until July 1, the Dutch parliament has decided.
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Turkish pension mutual funds grow to €621m
TURKEY – The assets in Turkish pension mutual funds has grown to TRL1bn (€621m), the country’s Pension Monitoring Centre says.
