All IPE articles in November 2010 (Online) – Page 2
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Irish proposal will change sovereign fund's initial purpose, says IAPF
IRELAND – Ireland's National Pensions Reserve Fund (NPRF) has seen its original purpose of supporting future retirees change in light of the ongoing crisis, Jerry Moriarty of the Irish Association of Pension Funds (IAPF) has said.
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Switzerland sets February deadline for comment on pension reform
SWITZERLAND – The Swiss public will have until 28 February 2011 to comment on a bill aiming to overhaul supervision of the second pillar.
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EPRA urges property company exemption from derivatives regulations
EUROPE – The European Public Real Estate Association (EPRA) has urged the EU to prevent property companies from getting caught up in derivatives regulations designed to combat speculators.
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European pension fund seeks to invest $100m in emerging market debt
IPE QUEST – A pension fund is looking to invest as much as $100m (€75m) into emerging market high-yield bonds, while a Danish investor is increasing its Asian equity exposure by $50m, using IPE Quest.
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Estonia passes pension fund law
ESTONIA – The Estonian government has approved a bill aiming to increase transparency in the second pillar and adding a number of new investment rules.
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German institutional investors seeking stability in real estate
GERMANY – The majority of German institutional investors are employing a core or core-plus investment style for their indirect real estate portfolios and increasing risk management for those investments, according to a survey by kommalpha.
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Fiduciary management remains attractive despite extra costs – Rabobank Pension Fund
EUROPE – The concept of fiduciary management remains attractive despite adding an extra layer of costs for pension schemes, according to the Rabobank Pension Fund.
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Ireland seeks to use Reserve Fund to buy government bonds
IRELAND – Ireland is planning introduce legislation that would allow it to use the €24.5bn National Pensions Reserve Fund (NPRF) to buy Irish government bonds next year.
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NEST to levy lower-than-expected contribution charge, AMC of 0.3%
UK – The National Employment Savings Trust has announced its fees structure, levying a 1.8% contribution charge in addition to an annual management charge (AMC) of 0.3%.
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Swiss city to plug pension hole by New Year
SWITZERLAND – The regional government of the Swiss city of Basel has committed to plugging the hole in its pension scheme by the end of this year.
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AP6 appoints CEO following Gustafsson departure
SWEDEN – Marianne Dicander Alexandersson has been appointed chief executive of Swedish buffer fund AP6 after a six-month search to replace Erling Gustafsson.
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UK mortality revision to increase liabilities by £5bn, warns Aon Hewitt
UK – Revised mortality tables will see pension fund liabilities rise by £5bn across the industry, Aon Hewitt has warned.
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Chris Ford replaces Paul Trickett at Towers Watson
EUROPE – Chris Ford has been appointed investment leader for the EMEA region at Towers Watson with immediate effect, replacing Paul Trickett, who left the company in October.
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Wednesday people roundup
GLOBAL – Nikko Asset Management, Towers Watson, Mercer, Ruffer, iShares, SWIP
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Dutch dentists scheme fails to reclaim 'illegally obtained' pension assets
NETHERLANDS – The €1.4bn pension fund for Dutch dentists (SPT) has commissioned an investigation into why it has failed to reclaim what it considered to be "illegally obtained" pension assets from a former director.
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Mandate roundup: Gloucestershire, Hymans Robertson, ESB
EUROPE – The £1bn Gloucestershire Pension Fund is tendering a UK property mandate worth as much as £100m.
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Pensionable pay should be capped at £75,000, says PPI
UK – Pensionable pay for public sector workers should be capped at £75,000 a year, the Pensions Policy Institute (PPI) has argued in its latest paper.
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Average retirement age stays level in Netherlands
NETHERLANDS – The average retirement age of Dutch workers in 2008 of 62 years has not increased compared with the previous year, Statistics Netherlands (CBS) has found.
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Moneta: EU will need €1.9trn a year for adequate pension provision
EUROPE – The EU will need to set aside more than €19trn every year if its citizens hope to receive an adequate income in retirement, according to Andrea Moneta, chief executive at Aviva Europe.
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German institutional investors stick with equities, but worry about double dip
GERMANY – More than 60% of German institutional investors believe equities will generate returns over the coming year, yet 51% fear there will be a double dip in the markets, according to a poll conducted by German asset manager Union Investment.