All IPE articles in November 2009 (Online) – Page 6
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News
Consultancy LCP encourages return to UK property
[16:55 CET 09-11] UK – Consulting firm Lane, Clark & Peacock is advising its pension fund clients to move back into investing in UK property, following recently improved sentiment towards the UK commercial sector.
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Slow IORP growth highlights cross-border complexity
[16:30 CET 09-11] EUROPE – The development of cross-border pension plans is making slow progress and the number of IORP vehicles set up has increased, according the latest report by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
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Study uncovers 'unfathomed' liquidity risks
[15:30 CET 09-11] GERMANY – A study conducted by Union Investment has claimed methods for measuring portfolio liquidity risks are insufficient. It also suggests German institutional investors are already less concerned about this risk measure, despite the recent crisis.
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UK roundup: mandates and scheme closures
[15:00 CET 09-11] UK – Several UK pension funds are searching for managers to handle asset allocation mandates or have made appointments, while two defined benefit funds have announced they intend to close schemes to future accrual.
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State Street ups fund to fight investor claims
[14:00 CET 09-11] GLOBAL – State Street has increased the battle fund it set aside in November 2007 to cover potential legal claims regarding its fixed income investment strategies, which were alleged to have exposed institutional investors to sub-prime mortgages.
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PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
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Man Group sees managed account business surge
[16:55 CET 06-11] GLOBAL - Pension funds and other institutional investors are behind a surge in managed account demand at Man Group’s newly-created multi-manager business.
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Lambeth tenders bulk of pension in strategy overhaul
[16:45 CET 06-11] UK – The London Borough of Lambeth is tendering seven investment mandates for its £700m (€781m) pension fund as it has overhauled its strategy to include new investment classes such as fund of hedge funds and active currency.
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TNO fund returns 7.5%
[16:45 CET 06-11] NETHERLANDS - The €1.9bn pension fund of TNO, the institute for applied technical research, saw its investments return 7.5% during the third quarter, taking its total return to 9% this year.
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Pension bodies dismiss cover ratio benefit from AOW rise
[16:35 CET 06-11] NETHERLANDS - Pension fund bodies have warned the Dutch government that raising the age of the AOW state-led retirement system will not automatically lead to a recovery of pension funds’ cover ratios or speed up indexation.
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IMF urges Ukraine to backtrack on pensions policy
UKRAINE – The International Monetary Fund has urged Ukraine to return to earlier commitments for wage and pension increases, as it argued the new social standards law passed by the parliament last month could cost up to 7% of GDP in 2010.
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UBS pension fund to review its structure
[14:00 CET 06-11] SWITZERLAND – The UBS pension fund has announced it will have a new chief executive from next year. But further changes to the fund’s structure could be on the cards as officials are reviewing whether to split the CEO/chairman role at the investment board.
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AMF Pension reports 10.9% return
[16:45 CET 05-11] SWEDEN – AMF Pension has reported a nine-month return of 10.9%, allowing it to increase the bonus rate for its defined contribution traditional insurance plan to 8%.
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Irish managed funds drop 2.5%
[16:35 CET 05-11] IRELAND – Irish managed funds produced their first negative performance for eight months and an average return of -2.5% in October, according to figures from Rubicon Investment Consulting.
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IPE’s Steward takes investment award
[16:25 CET 05-11] IPE - Martin Steward, IPE’s investment editor, was yesterday named investment journalist of the year in State Street’s annual Institutional Press Awards.
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Poland plans cut to role of pension funds
POLAND – The Polish social insurance body ZUS may be granted the right, from next summer, to manage the money that pension fund companies have to invest in government bonds.
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Trustees urged to improve DC education
[16:00 CET 05-11] IRELAND - Irish pension fund trustees have been warned they must treat member education as an important issue, if they are to mitigate the "time bomb" of defined contribution (DC) members retiring on less than they expected.
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OECD calls on Ireland to shift public sector pensions to DC
[15:30 CET 05-11] IRELAND – Ireland could reduce its budget deficit by introducing a combination of “major reforms” to public sector pensions, according to the OECD. These could include moving new entrants to a defined contribution (DC) scheme rather than adding them to existing defined benefit plans.
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Asset Class ReportsPrivate equity fundraising falls in 2009
[13:30 CET 05-11] GLOBAL - Private equity funds have raised only $150bn (€101bn) in the primary business market so far this year as the financial crisis has made investors more cautious, according to private equity placement agent Triago.
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Loyalis to compensate for high investment costs
[13:00 CET 05-11] NETHERLANDS - APG subsidiary Loyalis has agreed to compensate 800 clients with investment policies with what campaign groups say were very high costs.
