All IPE articles in November 2007 (Online) – Page 2
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News
Worse for wear Citi retires CEO
[16:20 CET 05-11] GLOBAL – Charles Prince, the chairman and chief executive of America's largest bank Citigroup, has retired on the back of an estimated additional $11bn (€8bn) loss at the firm, directly-linked to the US sub-prime crisis.
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Swiss funds return 3.5% - Lusenti
[16:30 CET 05-11] SWITZERLAND – Swiss Pensionskassen returned 3.5% in the first half of this year, and consultancy Lusenti is expecting similar returns even after recent market turbulence.
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Ex-Morgan Stanley banker claims pension revolution
[16:35 CET 05-11] UK – Amelia Fawcett, former vice chairman of Morgan Stanley's European business, has set up a new company claiming to completely immunise defined benefit (DB) pension schemes from risk.
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Pension funds still set longevity too low – PCS
[16:45 CET 05-11] UK – Pension liabilities of the top 100 London-listed companies could be underestimated by as much as £40m (€57.5m), risk management firm Pension Capital Strategies (PCS) is convinced.
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News
130/30 approach benefits fixed-income mandates - Barings
[15:00 CET 06-11] GLOBAL - A 130/30 approach can benefit not only equity but also fixed-income investors, according to international investment firm Barings.
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PPM wants to 'wake up' DC members
[15:15 CET 06-11] SWEDEN – The Premium Pension Authority PPM is planning to send a reminder to 600,000 members of the compulsory defined contribution system who have not changed their fund selection since entering.
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News
Deloitte under review at TPR
[15:30 CET 06-11] UK – The Pensions Regulator (TPR) is tendering for a new internal auditor.
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Pension Act error ‘might scupper indexation promises’
[16:00 CET 06-11] NETHERLANDS - A mistake discovered in the new Dutch Pensions Act could cause companies to forsake on future indexation promises, experts claim.
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Ukraine wants migrant pensions system
UKRAINE – The Ukrainian ministry of labour and social policy is calling for a EU-wide, paritarian pension system for Ukrainian migrant workers, IPE has learnt.
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News
Irish funds return 1.7% in October
[16:30 CET 06-11] IRELAND – All managed pension funds were back to positive returns after the market turmoil of the summer with the average fund returning 1.7%.
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News
M&S makes £95m from pension cuts
[16:30 CET 06-11] UK – As pension scheme members consent to slow down benefit increases British retail group Marks & Spencer (M&S) reports a £95m (€136.5m) exceptional pension credit in its interim results.
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IPE founder applauded for 'outstanding contribution'
UK - Co-founder of Investment and Pensions Europe magazine Fennell Betson was presented with a special award this afternoon at this year's State Street institutional press awards, for his work in the instutional investment arena.
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ABP names new governance head
[16:45 CET 06-11] NETHERLANDS – Paul Frentrop, director of the Dutch branch of the European corporate governance agency Deminor, was today named as head of corporate governance for Dutch pension fund ABP's investment management arm.
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News
IPE-QUEST: $50m in Swiss fund equity investments (amended)
[11:00 CET 07-11] SWITZERLAND – A Swiss corporate pension fund is looking for managers for one $50m (€34.4m) global equity mandate via IPE-Quest. (amends mandate size)
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News
Julius Baer reshuffles asset management
[12:00 CET 07-11] SWITZERLAND – Swiss private bank Julius Baer Holdings has announced it will combine its European asset management arm and the private banking subsidiaries under the umbrella of wealth manager Bank Julius Baer.
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News
Wednesday people roundup
[14:00 CET 07-11] GLOBAL – AP1, Mn Services, Cordea Savills, BNP Paribas, Hewitt, Barings, Aegon, SWIP, Citi, IAM, Ortec, Janus.
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News
PGGM shifts to full indexation
[14:30 CET 07-11] NETHERLANDS – The Dutch PGGM fund, at €88bn the second largest in the Netherlands, has said it will fully index its pensions from the beginning of next year.
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News
TNO shows good return despite credit crisis
[15:00 CET 07-11] NETHERLANDS - Despite the credit crisis, the €2bn pension fund of the applied scientific research institute TNO returned over 4% on investments during the third quarter.
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News
Free pension tracker to tackle info gap
[15:30 CET 07-11] IRELAND – A free pensions tracker service has been launched by an Irish financial adviser firm which is designed to track down information on individuals’ past pensions.
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News
Cardano replaces Hewitt at £3bn pension fund
[16:00 CET 07-11] UK – The newly-opened London office of Rotterdam-based consultant Cardano has won its first mandate, from the AstraZeneca pension fund.
