All IPE articles in November 2008 (Online) – Page 4
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NewsDanish health workers need flexible pension - PKA
[13:00 CET 20-11] DENMARK - Pensionskassernes Administration (PKA) has highlighted the need for a more flexible pension for Denmark's health workers, to try and avoid a skills shortage in the future.
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NewsDutch given option to delay state pension
[12:30 CET 20-11] NETHERLANDS - Dutch citizens will be given the opportunity to delay receiving their state pension AOW for up to five years, in return for a higher benefit payout.
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NewsDiversification impact 'has decreased' - Verhaegen
[12:00 CET 20-11] EUROPE - The global economic crisis has led to a decreased effectiveness of portfolio diversification for pension funds, according to Chris Verhaegen, secretary general for the European Federation Retirement Provision (EFRP).
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NewsNeyt warns pension funds 'plan for the worst'
[11:30 CET 20-11] EUROPE - Pension funds may be experiencing fewer liquidity problems than other institutions but they must plan ahead in case market conditions worsen, suggests Philip Neyt, chairman of the Belgian Association of Pension Funds and vice president of Public Affairs and Mergers and Acquisitions for Belgacom Group.
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NewsNestlé scheme mulls 'Wiki-style' risk budgeting
[11:00 CET 20-11] SWITZERLAND – Swiss risk and asset management Fundo is working together with Vevey-based food firm Nestlé on an “open source-minded” financial risk management system, IPE has learnt.
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NewsLehman alternative beta team goes it alone
[16:00 CET 19-11] FRANCE – The team responsible for Lehman Brothers’ Asset Managment’s anti-benchmarking methodology for pension funds today said it would continue as an independent organisation after a full management buyout (MBO).
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NewsPension Corp to raise £400m for buyouts
[16:00 CET 19-11] UK – Pension Corporation has confirmed it is implementing a second round of equity fund raising with the aim of reaching £400m (€477m) to fund a pipeline of buyout business.
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NewsWednesday people roundup
GLOBAL – People roundup: GAM, Redington Partners, Hewitt, ABV, Sarasin, Cordea Savills, BGI, Sindicatum.
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NewsSSgA wins Hillingdon's multi-asset mandate
[14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.
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NewsThird of schemes are missing longevity training
[13:00 CET 19-11] UK – Over a third of schemes have yet to be trained on longevity issues, even though longevity is seen as the second biggest risk to pension funds after investment, Aberdeen Asset management has revealed.
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NewsESG progress overshadowed by managers' performance gap
[12:30 CET 19-11] UK – Fund manager signatories to UN-backed Principles of Responsible Investment (PRI) are front runners in environmental, social and governance (ESG) issues, though a performance gap between best and worst performer marks overall practice, according to FairPensions.
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NewsScandinavian scheme to invest in small cap Japan
[12:00 CET 19-11] SCANDINAVIA – An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.
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NewsEC challenges success of pension reforms
[11:00 CET 19-11] EUROPE – Officials at the European Commission’s employment, social affairs and equal opportunities DG have questioned whether pension reforms introduced across Europe over recent years can in fact been successful after all and whether funded pension systems run by some member states will provide enough income at ...
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NewsPGGM mulls third pillar fund
[16:55 CET 18-11] NETHERLANDS – PGGM, the newly-separated pension provider of Dutch pension fund PFZW, is considering launching a new investment fund for its members.
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NewsWaltham Forest seeks permanent investment adviser
[16:55 CET 18-11] UK – The London Borough of Waltham Forest is seeking an investment adviser to help develop a strategy for its £444.1m (€528.2m) pension fund.
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NewsThree months grace on indexation label
[16:45 CET 18-11] NETHERLANDS - The Financial Markets Authority, the supervisor for pensions communication, has revealed funds will be given three months' leeway on the introduction of the indexation label while they cope with ongoing turmoil in the financial markets.
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NewsFrench PERCO fund seeks equity managers
[16:30 CET 18-11] FRANCE – A French corporate pension fund is looking for equity managers for a €35m global equity and a €13m European small cap equity mandate, using IPE quest.
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NewsCzech pension funds will return 0% – APF
CZECH REPUBLIC – Czech pension funds returned 1.7% in the third quarter but only under certain accounting practices, while the actual average performance for 2008 will be around 0%, IPE has learnt.
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News401(k) model could up pensions by 30%
[16:25 CET 18-11] UK - The Pension Policy Institute (PPI) has claimed introducing early access to pension savings on a ‘loans and withdrawals’ model similar to the US 401(k) could increase the aggregate size of pension funds by 30% by 2050.
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NewsNew PPF levy won't alter investment strategies
UK – Introducing investment risk as a factor in calculating the Pension Protection Fund (PPF) levy will not have a "significant effect" on pension schemes' investment strategies or on asset prices, the PPF has claimed.
