All IPE articles in October 2007 (Online) – Page 4

News
UK pest controller taps Standard Life

2007-10-10T14:53:00Z

[15:53 CEST 10-10] UK – The £587m (€847m) pension fund of pest control firm Rentokil Initial has awarded Standard Life Investments (SLI) with a £340m UK corporate bond mandate, in a massive shift into bond investments.
News
Wednesday people roundup

2007-10-10T15:00:00Z

[16:00 CEST 10-10] GLOBAL – Wednesday people roundup: Swisscanto, Pimco, Janus, Cardano, SWIP, Pictet, Schroders, Board Functioning Index, Greenbay, Aegon, Aberdeen.
News
DB surpluses edge towards £100bn

2007-10-10T15:05:00Z

[16:05 CEST 10-10] UK – Defined benefit pension fund surpluses increased by £17bn (€24.4bn) in September thanks to continuing market turbulence and rallying bond rates, the Pension Protection Fund has revealed.
News
Institutions’ 130/30 appetite tops €6bn - IPE study

2007-10-10T15:30:00Z

[16:30 CEST 10-10] EUROPE – European institutional assets in 130/30 and other allied strategies exceed €6bn, according to a survey published in the October edition of IPE.
News
Avon takes the lead in Glaxo class action

2007-10-10T15:30:00Z

[16:30 CEST 10-10] UK – Avon Pension Fund has been accepted as the lead plaintiff in a US securities class action suit against pharmaceutical giant GlaxoSmithKline.
News
Regulator raises TFR competition concerns

2007-10-11T12:45:00Z

ITALY – Covip, the Italian pension funds regulator, said greater transparency and competition is needed within the TFR severance payments arena, in order to encourage take-up by workers.
News
RBS man takes ABN Amro chair

2007-10-11T13:00:00Z

[14:00 CEST 11-10] NETHERLANDS – Mark Fisher, board member at Royal Bank of Scotland (RBS), will replace Rijkman Groenink as chairman of ABN Amro, amid a number of changes to the Dutch bank’s board.
News
Too early for mandatory second pillar - ÖPAG

2007-10-11T15:00:00Z

[16:00 CEST 11-10] AUSTRIA – Introducing mandatory second pillar pensions in Austria is 'unrealistic' at present, according to Johannes Ziegelbecker, director at the €1.9bn multi-employer Pensionskasse ÖPAG.
News
Romanian 2nd pillar gains new provider

2007-10-11T15:15:00Z

ROMANIA – Bucharest-based Bancpost bank has launched a new division called its Bancpost Fond De Pensii, targeting Romania's new mandatory second pillar market.
News
DB/DC contribution spread widens

2007-10-11T15:45:00Z

[16:45 CEST 11-10] UK – While contributions to open defined benefit pension schemes have increased steadily over the last three years, those to defined contributions plans have remained at a similar level, reveal new tables published by National Statistics.
News
Rümmeli knew of Swissfirst merger

2007-10-11T15:45:00Z

[16:45 CEST 11-10] SWITZERLAND – A confidentiality agreement has surfaced suggesting Roland Rümmeli, former investment head of the Siemens Switzerland pension fund, had insider knowledge of a merger between Swissfirst and Bellevue.
News
Mn Services eyes more fiduciary growth

2007-10-11T15:50:00Z

NETHERLANDS – Global financial heavyweights operating in the Dutch fiduciary market are no threat to local pension providers, asset manager Mn Services has argued.
News
Dutch funds review Burma investments

2007-10-11T15:55:00Z

[16:55 CEST 11-10] NETHERLANDS - PGGM, the €86bn healthcare scheme, is considering its position as a shareholder in companies which are active in Burma.
News
AP4 signs internal currency manager

2007-10-12T14:00:00Z

[15:00 CEST 12-10] SWEDEN – The SEK214bn (€23.5bn) buffer fund AP4 has hired Per Berglund as new currency and fixed income portfolio manager.
News
Bpf Meubel appoints ABN AMRO Mellon

2007-10-12T14:00:00Z

[15:00 CEST 12-10] NETHERLANDS - Bpf Meubel, the €1.5bn pension fund for the furnishings industry, has appointed ABN AMRO Mellon Global Securities Services as global custodian of its assets.
News
WHSmith gains £10m from scheme closure

2007-10-12T14:30:00Z

[15:30 CEST 12-10] UK – High street firm WHSmith saw its pension liabilities drop by £10m following the closure of its £770m (€1.1bn) defined benefit scheme, the group has reported.
News
Funds need flexibility to compete with Belgium - aba

2007-10-12T14:30:00Z

[15:15 CEST 12-10] GERMANY – Regulations relating to the underfunding of Pensionsfonds are 'too strict' for the retirement vehicles to be competitive in the European market, German insurance experts and pension fund associations have suggested.
News
Watson Wyatt makes first Nordic acquisition

2007-10-12T15:00:00Z

[16:00 CEST 12-10] SWEDEN – Watson Wyatt is buying Oakbridge Consulting, a Swedish consultancy specialising in HR, to grow its Nordic business.
News
Polish pension funds reverse assets decline

2007-10-12T15:00:00Z

[16:00 CEST 12-10] POLAND – Assets in the 15 mandatory second pillar pension funds grew by 2.2% over the last month reaching PLN139.3bn (€37.3bn).
News
Ideas aired for pre-retirement DC guarantees

2007-10-12T15:30:00Z

[16:30 CEST 12-10] GLOBAL – Pensions experts at life assurer Standard Life are investigating ideas which could give defined contribution pension members improved flexibility and security in their retirement benefits.