All IPE articles in October 2007 (Online) – Page 7

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
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
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
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
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
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
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
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
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
Private equity falls out of love with Darling

2007-10-10T14:45:00Z

[15:45 CEST 10-10] UK – The UK government has introduced a series of reforms which are designed to improve employees’ access to tax-free pensions cash and post-retirement income but which could also impact the future returns for pension funds on private equity investments.
News
Three in four firms top pensions minimum

2007-10-10T12:00:00Z

[13:00 CEST 10-10] SWITZERLAND – More than 75% of employers in Switzerland contribute more to their occupational pension funds than is required by law.
News
TNO considers commodities

2007-10-10T11:00:00Z

[12:00 CEST 10-10] NETHERLANDS - Pensioenfonds TNO, the €2bn pension fund of the applied scientific research institute, has said it is considering to diversify its portfolio further by investing in commodities.
News
Hermes brands German law 'counterproductive'

2007-10-09T16:00:00Z

[17:00 CEST 09-10] GERMANY – Hermes, the BT pension fund-owned asset manager, has warned planned German legislation to curb co-operation between investors could weaken corporate governance standards.
News
EC amends mobile pensions rights directive

2007-10-09T15:40:00Z

[16:40 CEST 09-10] EUROPE – The European Commission has adopted an amended proposal to reduce obstacles to workers' mobility across the European Union, which gives them better preservation of supplementary pension rights.
News
Sainsbury pensions pressure builds for Delta Two

2007-10-09T15:30:00Z

[16:30 EST 09-10] UK – Delta Two, the prospective buyers of J Sainsbury, could yet see their £10.6bn (€15.3bn) bid to acquire the supermarket chain scuppered by family shareholders unless it can agree a funding deal with pension fund trustees.
News
Danish members gain accrual portability

2007-10-09T15:05:00Z

[16:05 CEST 09-10] DENMARK - Arrangements have now been introduced to Denmark’s pensions industry which make it easier for workers to transfer their occupational pension from one scheme to another when they change jobs.
News
Swiss Pensionskassen 'suffocated' by regulation

2007-10-09T14:30:00Z

[15:30 CEST 09-10] SWITZERLAND – Increasing regulation on investment limits and higher demands on Pensionskassen regarding pensions benefits guarantees is hindering the growth of pension funds, a father of the Swiss pension system has claimed.
News
Deficit set to hit Swedish buffer funds

2007-10-09T14:15:00Z

[15:15 CEST 09-10] SWEDEN – A deficit is set to arise in 2009 between contributions into and benefits paid by the Swedish National Pension buffer funds, according to a new government report.
News
Irish pensions eye 'Netherlands-style' schemes

2007-10-09T13:15:00Z

[14:15 CEST 09-10] IRELAND – The Irish Association of Pensions Funds (IAPF) is calling on the government to encourage a growth of industry-wide pension arrangements similar to that seen in the Netherlands.
News
Finnish to revisit SRI on pensions

2007-10-09T11:00:00Z

[12:00 CEST 09-10] FINLAND - A group of Finnish pensions industry representatives is reviewing existing guidelines concerning socially responsible investments (SRI).