All IPE articles in October 2005 (Online) – Page 3
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News
Belgian unions strike over retirement age
BELGIUM - One of Belgium's largest trade unions caused chaos in the nation’s capital on Friday by striking over government plans to push back the retirement age from 58 to 60, as a way of easing the pension burden in the country.
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News
Norway proposes mandatory occupational pensions
NORWAY – The Norwegian government has put into motion the process of setting up a mandatory occupational pensions regime that could affect up to 600,000 people.
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News
Swiss transport fund facing government probe
SWITZERLAND – The Swiss government is to investigate the reasons for the severe underfunding of the CHF2.15bn (€1.4bn) Swiss transportation sector pension fund Ascoop in 2001.
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News
European pension funds sue News Corp.
GLOBAL – Major European pension institutions such as ABP, USS and Hermes are among a group of institutional investors which have launched a lawsuit against Rupert Murdoch’s News Corp. over a poison pill arrangement.
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News
IAPF in plea against mandatory pensions
IRELAND – The Irish Association of Pension Funds (IAPF) has argued against the extension of mandatory pensions in a submission to the Pensions Board due to be considered by Minister Seamus Brennan.
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News
Dutch pension governance code leaked
NETHERLANDS - Dutch pension funds will be allowed to appoint supervisors themselves under new governance rules, according to Het Financieele Dagblad.
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News
APK takes over BMW pension fund in Austria
AUSTRIA – APK, a €2bn pension fund open to all industries in Austria, is to take over administration of the Austrian pension fund of German carmaker BMW from January 2006.
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News
CEIOPS facing EU finance ministers’ scrutiny
EUROPE – CEIOPS, the European pensions supervisory committee, is facing scrutiny from European Union finance ministers this week.
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Germany’s SPD handed pensions in new government
GERMANY – The Social Democratic Party, which implemented two pension reforms in the former government, will continue to be responsible for pensions in the new Conservative-led government of Chancellor Angela Merkel.
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Hermes expects to raise hedge allocation
UK – Hermes Pension Management – the asset manager of British Telecom’s £50bn (€74.2bn) pension scheme - today said it expects to increase its hedge fund allocation from 2% over the next few years.
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News
Uncertainty over UK pension scheme VAT
UK – The UK’s tax authorities have postponed changes to the VAT regime for pension funds following representations from the National Association of Pension Funds.
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News
Gallaher puts extra €72m with JP Morgan
UK - The pension fund of tobacco firm Gallaher has put an extra £50m (€72.8m) with JP Morgan Asset Management.
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News
Mellon Global names Austria, Swiss sales chief
EUROPE – US asset manager Mellon Global Investments has hired Rainer Lenzin from Lehman Brothers in Zurich to be its new vice president for fund sales in Austria and Switzerland.
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News
UK miners’ schemes in governance move
UK – The Mineworkers’ Pension Scheme and British Coal Staff Superannuation Scheme have beefed up their governance framework via the web – a growing trend due to stringent regulations.
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News
Dutch OPF critical of pension governance plan
NETHERLANDS – The OPF, the Foundation of Company Pension Funds, has expressed criticism of the proposed structure for Dutch pension fund governance.
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News
Call for asset managers to run pensions
EUROPE – The European Fund and Asset Management Association, the investment fund trade body, says it will press for the industry to offer occupational pensions.
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News
ABP unlikely to go cross-border – Maassen
EUROPE – Dutch civil service scheme Stichting Pensioenfonds ABP is unlikely to move from the Netherlands despite the new pensions directive, says the fund’s pensions director Jaap Maassen.
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News
Consultants give good advice - researcher
UK – Pension consultants generally give trustees good advice, says the head of a new firm which tracks the effectiveness of advice.
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News
Dutch hedge fund concern correct – IMF chief
UK – The head of financial market stability at the International Monetary Fund said the Dutch financial regulator AFM “was not wrong” to be concerned about the lack of transparency in hedge funds.
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News
IPE-QUEST: Tenders for up to $100m in US bonds
SWITZERLAND – Lugano-based consultant Kieger has tendered up to $100m (€83m) in actively managed US government bonds via IPE-Quest.
