All IPE articles in November 2009 (Online) – Page 4
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NewsUK's CDC completes buy-in with Rothesay Life
[17:00 CET 17-11] UK - The CDC Pension Scheme has bought in insurance to back benefits for defined benefit members in a £370m (€417m) deal with Goldman Sachs subsidiary Rothesay Life, which has parties say has been structured to give the scheme “unique” security.
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Positive link between ESG and financial performance - Mercer
[16:55 CET 17-11] GLOBAL - More academic research has shown that environmental, social and governance (ESG) factors can have a positive impact on portfolio returns.
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NewsUK roundup: Celestica, North Yorks and ICAEW
[14:30 CET 17-11] UK – Celestica's UK scheme has adopted an implemented consulting strategy, while the £1.2bn (€1.34bn) North Yorkshire pension fund is seeking investment advisers and consultants, and the Institute of Chartered Accountants for England and Wales (ICAEW) is in consultation to shut it defined benefit (DB) scheme to ...
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NewsUnilever's Docherty predicts trustee behaviour change
[14:00 CET 17-11] UK – The recent economic downturn is likely to have led to a change in trustees' behaviour with regards to pension investment strategy and a greater balance between risk and reward, according to Unilever pension fund's Angela Docherty.
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NewsPension funds 'should rethink allocation strategy as a priority'
[13:30 CET 17-11] UK – The economic downturn has caused pension trustees to gain a “full appreciation of the risks out there”, and led to a renewed focus on planning for the time when markets recover and forced pensions officials to rethink allocation strategy, claim consultants.
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NewsKnowledge rules drive growth of professional trustees
[13:00 CET 17-11] NETHERLANDS – An increasing focus on education and knowledge for trustees in the Netherlands is beginning to result in the growing use of professional trustees to take on the governance responsibility in smaller pension schemes.
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Norway Global seeks further screening service
[17:00 CET 16-11] NORWAY – The Norwegian ministry of finance is seeking an ethical screening service for the Norwegian Government Pension Fund – Global to assess possible breaches of its guidelines concerning the manufacture of tobacco, anti-humanitarian weapons and military supplies to Burma.
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Pension deficits underestimated by European firms
[16:55 CET 16-11] EUROPE – Over 30 major European firms have underestimated their pension obligations by more than 40%, according to research from AlphaValue.
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NewsABP's improved funding prompts indexation payout
[16:45 CET 16-11] NETHERLANDS - The €180bn civil service scheme ABP will grant its participants indexation of 0.45% in 2010, as its funding ratio has recovered to the minimum required level of 105%.
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ATP seeks to follow venture capital success
[16:35 CET 16-11] DENMARK - ATP is planning to launch a second DKK1bn (€130m) ICT venture capital fund in a year’s time, because its first fund has proven to be so successful.
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NewsPensionsFirst adapts to launch 24-hour valuations
[16:30 CET 16-11] UK – PensionsFirst, which was launched in 2007 to assist pension funds manage long-term liabilities through pensions buyouts, has shifted its business direction and unveiled the first known technology system to deliver actuarial valuations within 24 hours.
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NewsOPF advocates new Dutch pensions governance structure
[13:00 CET 16-11] NETHERLANDS - The Foundation for Company Pension Funds (OPF) has suggested pension funds should be given the legal option of appointing a professional governing body to be in charge of operational management tasks, instead of the customary board of unpaid trustees comprising employer and employee representatives.
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NewsOPF warns indexation label launch is 'bad timing'
[16:30 CET 13-11] NETHERLANDS - The Foundation of Company Funds (OPF) has voiced serious concerns about social affairs’ minister Piet Hein Donner’s plan to introduce the pension indexation label next spring.
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NewsEnvironment Agency makes it three times for ESG prize
[16:30 CET 13-11] EUROPE – The Environment Agency pension fund was last night crowned the Best Investor in ESG at the IPE-TBLI ESG Leaders Awards hosted in Amsterdam.
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NewsGermany's MetallRente to target 80% equities
[15:30 CET 13-11] GERMANY – MetallRente, the pension group for the German metal industry, now has a target allocation of 80% equities in its Pensionsfonds - a pensions vehicle that it believes is most appropriate for young people.
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Asset managers must 'kill sacred cows' – McKinsey
[15:00 CET 13-11] EUROPE – Asset managers were saved by institutional inflows during the crisis but in order to survive it they will have to restructure their businesses, management consulting firm McKinsey & Company says.
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Romanian pensions deliver 18.7% in 12 months
ROMANIA – Mandatory second pillar pension funds in Romania have generated a 14.6% average positive return since the start of the year, according to the latest figures from the Romanian Pension Funds’ Association (APAPR).
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NewsUK telecoms firms could be forced to plug BT pension
[14:00 CET 13-11] UK – UK-based telecoms companies could in future be required to indirectly contribute to the BT Group's defined benefit pension fund, as Ofcom, the communications regulator, is reviewing the pricing level of charges for BT's wholesale services to other communication companies.
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TPR sharpens education focus ahead of 2012
[13:30 CET 13-11] UK – Educating and enabling employers to comply with new duties will be the key focus for The Pensions Regulator (TPR) over the next two years, ahead of the introduction of auto-enrolment in 2012.
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NewsESG integration must go beyond equities - experts
[13:00 CET 13-11] GLOBAL - Environmental, social and governance (ESG) specialists believe integrating the concept into a pension fund’s investment strategy should be applied across an entire portfolio and move beyond equities.
