All IPE articles in November 2009 (Online) – Page 3
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News
Kroes tells pension funds to confront corporate misbehaviour
[15:30 CET 20-11] NETHERLANDS/EUROPE - Pension funds have a responsibility to help keep banks on the straight and narrow, says Neelie Kroes, European Commissioner for Competition.
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NewsGerman funding levels down as equity markets rise
[15:00 CET 20-11] GERMANY – German listed companies have seen their pension liabilities increase over recent months as bond yields have risen, despite the fact that equity markets have recovered well.
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News
FRR awards €4bn to inflation-linked bond mandates
[14:30 CET 20-11] FRANCE - Fonds de reserve pour les retraites (FRR), the €31.9bn French national pension reserve fund, has awarded €4bn in bond mandates to six major managers
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News
AIFM needs 'lots of changes' – EU's Bowles
[14:00 CET 19-11] EUROPE – Sharon Bowles, Chair of the Committee on Economic and Monetary Affairs at the European Parliament, said the Alternative Investment Fund Managers (AIFM) directive needs “a lot of changes” as she fears it could make pensions unaffordable in its current form.
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Half of fund managers predict strong growth in 2010
[117:30 CET 19-11] GLOBAL - More than 50% of fund managers expect to witness double-digit profit growth over the next year, according to a new Bank of America-Merrill Lynch survey.
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BA trustees reject calls for chairman to resign
[17:00 CET 19-11] UK - As British Airways gears up to merge with Iberia, British Airways Pension Trustees have rejected calls for the trustee board chairman Roger Maynard to resign over impartiality issues.
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NewsResponsible investment 'to be key to pensions'
[15:00 CET 19-11] EUROPE – The concept of responsible investment is likely to become a component of European pension fund strategy in the long term providing investors can better define what criteria they wish to apply to the investment strategy, according to a pensions expert.
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NewsCrisis allows Invensys to renegotiate terms
[14:30 CET 19-11] EUROPE – Pension funds should use the current financial pressures to renegotiate the terms, conditions and pricing with every service provider and contract they engage in, according to the UK’s Invensys pension plan. This would help them to improve their financial positions and raise the level of ...
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NewsUK trustees need improved investment delegation
[12:30 CET 19-11] UK – Trustees of UK defined benefit (DB) schemes need to enhance their investment decision-making processes, including more efficient delegation, to allow them to focus on key issues such as funding, strategy and risk, according to research from Russell Investments.
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NewsNPRF's Corrigan named head of NTMA
[12:00 CET 19-11] IRELAND - John Corrigan, director of the €20.9bn National Pensions Reserve Fund (NPRF), has been appointed as the new chief executive of the National Treasury Management Agency (NTMA).
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News
Ireland to 'bring home' the cost of pensions
[16:30 CET 18-11] IRELAND - Brian Lenihan, the Irish minister of finance, has warned the rising cost of public sector pensions needs to be "brought home to people".
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News
Better governance 'crucial' for dealing with crisis - VB
[16:30 CET 18-11] NETHERLANDS - Pension funds must evaluate mandates with fiduciary managers and asset managers regarding transparency, to ensure their boards are in control during a crisis, the Association of Industry-wide Pension Funds (VB) has recommended.
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News
EIOPA might end up with fewer powers – Bernardino
[16:15 CET 18-11] EUROPE – The proposed new supervisory authority replacing CEIOPS might not be as powerful as currently drafted, according to Gabriel Bernardino, the new chairman of CEIOPS.
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News
Wednesday people roundup
[16:00 CET 18-11] GLOBAL - European Federation for Retirement Provision, Hermes Fund Managers, Aon Limited, State Street Trustees, AEGON, AP Fonds, Her Majesty’s Treasury, Investment Solutions, ING Real Estate.
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News
EFRP head praises pensions supervisors for crisis management
[15:00 CET 18-11] EUROPE – Chris Verhaegen, secretary-general of the European Federation of Pension Funds, has praised the reaction of European regulatory supervisors as playing a key role in the assistance of pension funds during the recent financial crisis.
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News
Innovative SRI products needed, say pensions execs
EUROPE – Panellists at the European Pension Funds Conference in Frankfurt have called on SRI/ESG service and product providers to come up with innovative products to help pension funds adapt their investments.
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NewsC&W to split UK scheme as part of demerger
[14:00 CET 18-11] UK – Cable & Wireless has confirmed its UK defined benefit (DB) pension scheme will be split in half as part of the demerger of its worldwide arm.
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News
Pensions focus 'must shift to liability benchmarking'
[13:30 CET 18-11] NETHERLANDS – One impact of the credit crisis on pension funds is the growing importance of risk management and a focus on moving towards using scheme liabilities as the ultimate benchmark, according to Jan Willem van Stuijvenberg.
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News
Van Nunen brands Dutch regulation 'idiotic'
[13:00 CET 18-11] NETHERLANDS - Anton van Nunen, the creator of fiduciary management, has attacked Dutch pensions regulation for being a key element contributing to the losses suffered by pension fund over the last two years, and described the current system as “idiotic”.
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NewsPKA suffers fresh criticism over SRI policy
[17:00 CET 17-11] DENMARK - PKA, which administers DKK111bn (€14.9bn) of assets for eight occupational pension funds, has defended its ethical stance and its reasons for several shareholdings in the face of media criticism.
