All IPE articles in November 2007 (Online) – Page 4
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News
Horeca names new head of investments
[15:00 CET 12-11] NETHERLANDS - Horeca & Catering (PH&C), the €2.8bn pension fund for the Dutch hotel, restaurant and catering industry, has announced Ernst Hagen will become its new head of investments.
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Standard Life leaves Pearl to pursue Resolution
[16:00 CET 12-11] UK – Insurance and investment firm Pearl Group is one step closer to a merger with rival firm Resolution Group as Standard Life has now pulled out of talks to buy the asset house.
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News
Consumer body 'disappointed' with Dutch funds
[16:15 CEST 12-11] NETHERLANDS – Only one in five pension funds so far has implemented the new uniform pension statement (UPO), despite earlier agreements, says Dutch consumer organisation Consumentenbond.
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News
Experts criticise social tax exemption
[16:15 CET 12-11] GERMANY – Finance experts fear there could be negative effects from a move by the German government to ensure money transferred to pension funds, as part of a person's salary, will remain exempt from social tax indefinitely.
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Pension funds caught up in insurance competition row
[16:40 CET 12-11] NETHERLANDS - The Dutch Association of Insurers (VvV) is urging Social Affairs’ minister Piet Hein Donner not to allow pension funds to sell income protection schemes as a disability insurance pension, because it would give them an unfair competitive advantage.
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Danish politicians support pensions charge system
[16:45 CET 12-11] DENMARK - Eight of Denmark’s nine political parties have backed a proposal to create a standardised measure for pension scheme costs, according to a poll conducted ahead of tomorrow’s general election in the country.
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News
SWIP finally secures new CEO
[11:35 CET 13-11] UK - Dean Buckley has been named as the new chief executive of Scottish Widows Investment Partnership (SWIP), almost 10 months after the position became vacant.
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News
ABP and Cordares in merger talks
[11:42 CET 13-11] NETHERLANDS – Giant Dutch pension fund ABP and pensions provider-cum-asset manager Cordares will this week start exclusive talks to explore a cooperation and a possible merger.
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News
Increase focus on risk management - Eumedion
[13:00 CET 13-11] NETHERLANDS - Eumedion, the platform for institutional investors, has called on the Netherlands’ 75 largest listed companies to focus on risk management and the structure of remuneration policy, in a bid to improve their firms.
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News
PGGM may withdraw China investment
[14:00 CET 13-11] NETHERLANDS – Dutch pension fund giant PGGM may divest from Chinese oil firm Petrochina over its state-owned parent company’s Sudan operations, following public pressure over Sudan-linked investments.
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Sweden and Netherlands climb European pension ranks
[15:30 CET 13-11] EUROPE – Denmark still has the best overall pensions system in Europe and the Netherlands and Sweden now sit in joint second place but Portugal and Italian governments need to act to improve people’s retirement incomes, according to a study by Aon Consulting.
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News
Emap transfers pensions to Paternoster
[15:45 CET 13-11] UK – Major British media conglomerate Emap has transferred its two largest defined benefit schemes to Mark Wood's pension buyout firm, Paternoster, the company announced today.
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News
Trustees 'lack objectivity' in judging sponsors
[16:00 CET 13-11] UK – Too few trustees doubt their company's ability to continue sponsoring the pension scheme, consultancy firm Hewitt has suggested.
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News
Romanians rush into second pillar
ROMANIA – Over half of the Romanian workforce has already signed up for the new mandatory second-pillar pension system, including many for whom joining is not mandatory.
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News
Wednesday people roundup
[11:30 CET 14-11] GLOBAL - People roundup: Hoechster Pensionskasse, Fidelity, Mercer, European Commission, Hewitt, Certinvest, Hymans, Barings, Northern Trust, Henderson, SWIP.
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News
"Too early" for IORP review - Verhaegen
[12:30 CET 14-11] EUROPE – Plans by the European Commission to review the IORP pensions directive next spring were "not a sign of good regulatory governance" as the full implementation was only finalised this summer, Chris Verhaegen, secretary-general of the European Federation of Retirement Provision (EFRP) has told IPE.
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News
IPE-QUEST: $90m Swiss equity mandate
[13:00 CET 14-11] SWITZERLAND – A Swiss institutional investor is looking for a global sustainable equity manager via IPE-Quest.
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News
Markets feed further DB surplus growth – PPF
[14:00 CET 14-11] UK – The UK's defined benefit pension funds had a collective surplus of around £53bn (€75bn) surplus at the end of October, the most recent index published by the Pension Protection Fund (PPF) has revealed.
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News
Umbrella organisations mull ESG platform
[15:00 CET 14-11] NETHERLANDS – VB, OPF and UvB, the three Dutch umbrella organisations for pension providers, are considering launching a platform for pension funds, to deal with social, ethical and environmental issues.
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News
Pan-Euro funds should not be competitive - Gabellieri
[15:30 CET 14-11] EUROPE – There should be one EU legal framework with national varieties instead of various European countries rivaling for the best location to domicile pan-European pension funds, suggests Bruno Gabellieri, secretary general of the European Association of Paritarian Institutions of Social Protection (AEIP).
