All IPE articles in November 2010 (Online) – Page 8
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NewsAustrian pension funds question value of master KAGs
EUROPE – Austrian pension funds APK and Bonus have questioned the benefits of using external providers and said they found it hard to trust them with risk reporting and other services.
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NewsRabobank scheme touts risk management at Dutch funding hearing
NETHERLANDS – Pension funds must pay maximum attention to risk management – and to extreme risks in particular – if they are to be fully prepared for potential shocks, according to Bernard Walschots, chief financial officer at Rabobank's €12bn pension fund.
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News
Wednesday people roundup
GLOBAL – Pensions Management Institute, Acadian Asset Management, BayernInvest, Gothaer Asset Management, Hermes Fund Managers, Jupiter Asset Management, Mercer, Tradar
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NewsDelayed recognition consigned to scrap heap as IASB sticks with net interest
GLOBAL – The International Accounting Standards Board (IASB) has rejected a staff proposal calling on the board to drop the proposed net-interest approach for the presentation of defined benefit (DB) pension plan components in an entity's statement of comprehensive income (SOCI).
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NewsUK roundup: PwC on AIFM, Aviva closes final salary scheme
UK – The UK asset management industry is unprepared for the implementation of the Alternative Investment Fund Managers (AIFM) directive, with only 2% saying they know how to implement the changes, according to a study conducted by PwC.
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NewsThird-quarter profits soar by 26% at Danica Pension
DENMARK – Danica Pension – the country's largest commercial pensions provider – saw profits increase by more than a quarter at the group level in its latest interim report, with contributions from international business more than doubling in a year.
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NewsDenmark's LD Pension awards mandates worth total of €5.7bn
DENMARK – LD Pension has awarded 12 investment mandates covering an estimated DKK42.5bn (€5.7bn) worth of assets, nearly four-fifths of the scheme's total value.
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NewsBulgaria abandons plan to nationalise pension system
BULGARIA – The Bulgarian government has said it will abandon its plans to redirect funds from 'professional' pension funds into the first pillar, but it will withdraw some money for early retirees.
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NewsLiechtenstein establishes first pension fund association
LIECHTENSTEIN – The small principality of Liechtenstein, lodged between Switzerland and Austria, has created its first pension fund association, the Liechtensteinischer Pensionskassenverband.
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NewsDutch pensions regulator gives ground on 2011 contribution rule
NETHERLANDS – Dutch pension funds will not have to raise their contributions in 2011 to improve coverage ratios, the pensions supervisor De Nederlandsche Bank (DNB) has decided.
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NewsPensionDanmark invests €27m in sub-Saharan region
GLOBAL – Danish labour market pension fund PensionDanmark is investing DKK200m (€27m) in the sub-Saharan region of Africa via an established fund and expects to increase its exposure to the continent still further next year.
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NewsMercer: France must shift toward funded pension system
FRANCE – Reforms to the French pension system are only the first step toward improving the country's retirement system and should involve a shift toward a funded pension system, Mercer has said.
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NewsSecurity, liquidity overtake returns as German investors' top priority
GERMANY – Security and liquidity have become the chief concerns for German institutional investors, with returns now secondary, says Union Investment.
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NewsVan der Pol appointed chairman of new Dutch Pension Federation
NETHERLANDS – Kick van der Pol has been appointed chairman of the new Dutch Pension Federation, the umbrella body of lobbying organisations VB, OPF and UvB.
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NewsIndustry heavyweights reject application of Solvency II rules to pension funds
EUROPE – Representatives from the European pension fund industry have poured cold water over the possible application of Solvency II rules to pension schemes mooted earlier this year in the EU Green Paper.
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NewsNEST tenders five investment mandates
UK – The National Employment Savings Trust (NEST) has revealed details of five investment mandates, including a passive global equity fund, as well as exposure to UK gilts.
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NewsState Street wins 10-year admin contract from NEST
UK – The UK National Employment Savings Trust (NEST) has hired State Street as its fund administrator, awarding the company a 10-year contract.
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NewsIASB failing to prioritise IAS19, says International Actuarial Association
GLOBAL – IAS19 standards on pension fund accounting are not a top priority for the IASB at the moment, according to Paul Thornton, head of the International Actuarial Association (IAA).
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NewsUK roundup: PPF, NAPF, Pension Capital Strategies, Lothian Pension Fund
UK – The Pension Protection Fund (PPF) has announced positive returns for 2009-10, leading to a £400m (€460m) surplus for the organisation.
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NewsDutch fund PGB doubles return with interest, currency hedges
NETHERLANDS – The €11.3bn pension fund for the Dutch printing industry PGB saw its return over the first nine months almost double to 13% thanks to an extensive interest and currency hedge.
