All IPE articles in November 2010 (Online) – Page 3
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European Commission must prioritise workplace pensions, says EFRP
EUROPE – The creation of more workplace pensions must be the top priority of the Brussels institutions, according to the European Federation for Retirement Provision (EFRP).
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Social partners must be more involved in pension reform, says AEIP
EUROPE – Europe must allow for greater involvement of social partners in pension reforms and let funded, second-pillar pension systems that are extensions of the state welfare system stand separate from new regulations, the director of the European Association of Paritarian Institutions (AEIP) has warned.
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Swiss pensions authority should focus on solvency, communication, academics say
SWITZERLAND – The new Swiss supervisory authority and its regional subsidiaries will have to focus on solvency questions and ensure good communication among all market players, according to researchers at the University of St. Gallen.
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Mandate roundup: AP funds, ESB Ireland, Towers Watson, HM Treasury
EUROPE – The Swedish buffer funds AP1 to AP4 have announced the names of four consultancies to advise on aspects of environmental, social and corporate governance (ESG).
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APG joint venture in €1bn Olympic retail venture
GLOBAL – A joint venture between Dutch pension fund manager APG and the Canada Pension Plan Investment Board (CPPIB) has acquired retail real estate worth £870.5m (€1bn) on the East London 2012 Olympics site.
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Real estate industry must raise professional standards – PGGM
EUROPE – Real estate needs to raise its level of professional standards – including performance measurement – to those of other asset classes, according to Guido Verhoef, head of private real estate at PGGM.
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NEST tenders for indemnity insurance for trustees
UK – The National Employment Savings Trust (NEST) is tendering for pension fund trustees indemnity insurance to indemnify trustee members for legal defence costs and damages arising from alleged maladministration by trustee members.
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Denmark's Lærernes Pension allays concerns over Solvency II
DENMARK – Seeking to calm fears after one Danish pension fund dropped pledges on returns, Lærernes Pension, the Danish Teachers' Pension Fund, said it would not run away from its guarantees.
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Friday people roundup
EUROPE – Cyrte Investments, PwC, Riverside Company, Man, Rowanmoor Pensions
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Contributions to German Pensionsfonds rebound, treble in 2009 - Towers Watson
GERMANY – After a major drop in contributions to Pensionsfonds in 2008, Germany's newest occupational retirement scheme is back in favour with companies –with Towers Watson predicting growth to continue.
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PGGM's Lute joins Cyrte Investments
NETHERLANDS – Fons Lute, formerly managing director of alternative strategies at PGGM, has joined absolute return investment boutique Cyrte Investments, as managing director, business development.
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Swedish roundup: Folksam, Svenska Lärarfonder, Skandia, Finansinspektionen, KP Pension, Handelsbanke
SWEDEN – Pension and insurance provider Folksam is to buy the insurance portfolio of Svenska Lärarfonder, the Swedish teachers’ fund manager, from rival pension and insurance company Skandia.
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Impact of engagement difficult to measure, says F&C's Litvack
EUROPE – Quantitatively measuring the impact institutional investor engagement has on companies and their share prices is nearly impossible, according to Karina Litvack, head of governance and sustainable investment at F&C.
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Credit Suisse largest Swiss institutional manager for fourth year running - IPE
SWITZERLAND – Credit Suisse remains the largest manager of Swiss institutional assets, with 60% more assets under management than its nearest competitor, according to a new survey by IPE.
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No discount rate change without fundamental discussion, insist Dutch actuaries
NETHERLANDS – The Dutch Actuarial Society (AG) has spoken out against changing the discount rate for liabilities without a fundamental debate on the issue.
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Widen scope of IORP to all occupational schemes, Dutch lobbying bodies say
NETHERLANDS – The scope of the EU IORP Directive should be broadened to all types of occupational pension funds, such as defined benefit (DB), defined contribution (DC) and pay-as-you-go schemes, the Dutch pension sector has argued.
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BT threatens to sue Ofcom over pensions contributions
UK – BT has warned it could sue the UK telecommunications regulator Ofcom if it refuses to allow it to use a rise in wholesale fees levied on rivals to help repair its pension deficit.
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GlaxoSmithKline schemes offload annuity risk to Prudential
UK – Two of GlaxoSmithKline's pension plans have offloaded some of their annuity risk by entering into bulk annuity contracts with Prudential.
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Real estate sluggish compared with other asset classes – IPE
GLOBAL – The assets of the top 100 real estate investment managers fell by 4.1% – or some €44bn – to just over €1trn as at 31 December 2009 compared with a year earlier, according to the latest IP Real Estate investment managers survey, which will appear in the next ...
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European insurers call for level playing field with pension funds
EUROPE – European insurers have called for the principle of 'same risks, same rules' to be applied to the regulations covering life insurers, institutions for occupational retirement provision (IORPs) and mutual funds offering guaranteed benefits.