All IPE articles in November 2010 (Online) – Page 4
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NewsTPR guidance on employer-related assets could 'jeopardise' member benefits
UK – The UK Pensions Regulator (TPR) has issued guidance on the use of non-cash contributions to pension funds, with critics saying the recommendations could jeopardise benefits and complicate funding negotiations.
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NewsUK roundup: Pension Capital Strategies, Fair Pensions, KAS Bank
UK – FTSE 100 companies' pension deficits have declined by £8bn (€9.3bn) to £66bn over the last year, according to figures released by Pension Capital Strategies.
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NewsEuropean pension fund seeks to invest €80m in equity markets worldwide
IPE QUEST – A European pension fund is looking to invest up to $110m (€80m) in emerging markets worldwide, using IPE Quest.
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NewsUK schemes prefer overseas to domestic equity, PPF data shows
UK – UK pension funds are continuing to shift their equity investments away from domestic holdings to international shares, the latest Purple Book published by the Pension Protection Fund (PPF) has revealed.
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NewsPensionDanmark posts 13.8% profit for year to date
DENMARK – PensionDanmark posted a 12.6% pre-tax investment profit for the first nine months of the year and said the result has grown further since the end of the reporting period to 13.8%.
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NewsGerman provinces consider suspending pension fund contributions
GERMANY – The German province of Bavaria and its northern neighbour Thuringia want to halt contributions to their civil servants pension funds to save money.
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NewsDutch pension funds should cut benefits by 8% on average, says OECD
NETHERLANDS – Restoring the financial health of Dutch pension funds will require an average benefits cut of 8% and a two-year increase of the retirement age to 67, Aart-Jan de Geus has argued.
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NewsUK NEST rules out infrastructure, hedge funds for immediate future
UK – The UK National Employment Savings Trust (NEST) has ruled out any direct investments in infrastructure, commodities and high yield in its first few years of existence.
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NewsMEP slams Commission for ignoring small business in pensions Green Paper
EUROPE – Ria Oomen-Ruitjen, MEP, has slammed the European Commission's Green Paper on pensions for neglecting small and medium-sized (SMEs).
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NewsMercer shakes up retirement business with major reshuffle
GLOBAL – Mercer has announced a shake-up of its global business across its investment and retirement, risk and finance business that will see Andrew Kirton become global chief investment officer.
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NewsSwedish roundup: AP3, BlackRock, JP Morgan, AXA, M&G, Folksam
SWEDEN – AP3, Sweden's SEK209bn (€22bn) national buffer fund, has appointed 14 new regional corporate bond managers.
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NewsNEST rules out ethical board, excluding companies from universe
UK – The National Employment Savings Trust (NEST) has ruled out the creation of an ethical board and is unlikely to exclude companies from its investment universe, their head of investment policy has said.
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NewsCDP study points to growing corporate concerns over water security
GLOBAL – Water security is high on the corporate agenda, with two-thirds – 67% – of respondents to a survey reporting responsibility for water-related issues at the board or executive committee level.
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NewsUK roundup: NAPF, NEST, State Street, TCS, Barnett Waddingham
UK – Two out of five local government pension experts oppose the idea of pension superfunds, according to a survey by the National Association of Pension Funds (NAPF).
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NewsAPG to issue index-linked loans to housing market
NETHERLANDS – The €250bn asset manager APG is set to issue index-linked loans to housing corporations in a bid to hedge its risk for inflation in the Netherlands.
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NewsNikko Asset Management, PGGM win IPE/TBLI ESG awards
GLOBAL – PGGM and Nikko Asset Management, as well as French supplementary pension scheme ERAFP, have been recognised for their commitment to environmental, social and corporate governance (ESG) at the IPE/TBLI ESG Leaders Awards in London.
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NewsGrowth of SRI 'overshadowed' by corporate irresponsibility
GLOBAL – The growth of socially responsible investment (SRI) in recent years has been overshadowed by the financial industry being more irresponsible than ever, attendees at the TBLI (triple bottom-line) Conference 2010 heard.
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NewsGerman pension fund seeks to invest $150m in US equity
IPE QUEST – A German pension fund is tendering a mandate to invest $150m in US equity, using IPE Quest.
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NewsDutch metal scheme PME to avoid early benefits cut
NETHERLANDS – The €23.7bn Dutch metal scheme PME has said it will not apply early benefits cuts on 1 January 2011.
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NewsDanish pension funds to 'withdraw yield guarantees' in Solvency II run-up
DENMARK – The controversial decision by a major Danish labour market pension fund to shed yield guarantees for members is bound to be followed by others in the run-up to the Solvency II compliance deadline, the managing director of leading commercial provider Skandia predicts.
