All IPE articles in October 2008 (Online)
View all stories from this issue.
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News
Ziegelbecker goes federal
[11:00 CEST 01-10] AUSTRIA – Johannes Ziegelbecker, head of the Austrian multi-employer pension fund ÖPAG, will manage the federal Pensionskasse for civil servants (BPK) from today.
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Fortis' Artemis sees management buyout as 'option'
[13:00 CEST 01-10] UK – London-based investment manager Artemis Asset Management today said a buyout by its management could be an option for the future of the company, after Fortis announced it has increased its equity interest to become the sole shareholder.
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NAPF commentary on amendments to IAS 19 Employee Benefits
The launch of the International Accounting Standards Board (IASB)’s Discussion Paper was overshadowed by the earlier Discussion Paper on pensions accounting from the UK’s Accounting Standards Board (ASB).
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NAPF queries IASB's 'radical tidying' of pensions accounting
UK – The National Association of Pensions Funds (NAPF) has attacked proposals from the International Accounting Standards Board to change the way employee pensions are accounted as being pre-emptive and of being far more radical than what was supposed to be an interim assessment of a larger review.
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Ping An and Fortis: the deal is off
[15:15 CEST 01-10] NETHERLANDS/ BELGIUM – Partially-nationalised bancassurer Fortis has announced the €2.15bn deal to sell half of its asset management business to Chinese insurer Ping An is unlikely to be completed.
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Wednesday people roundup
[15:30 CEST 01-10] GLOBAL: People roundup - Watson Wyatt, Corestate Capital, TKPI, Swisscanto, Kas Bank, Union Investment, HACL, Invesco Perpetual, MSIM, Aberdeen, Mercer, AXA IM, BNY Mellon Asset Management, LaSalle IM, Stoxx.
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Pensions see surplus gains, but then again...
[16:25 CEST 01-10] UK – Figures issued by pension consultants have highlighted the volatility of existing pensions accounting as some calculations indicate the UK’s major listed company pension schemes shifted from a pensions deficit to a substantial pensions surplus on market turbulence and bond pricing, while another firm has calculated ...
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Swiss funds still favour real estate
[16:55 CEST 01-10] SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.
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Eurosif heralds German, French, Swiss SRI growth
[17:00 CEST 01-01] EUROPE – Pension funds in Germany, France and Switzerland have shown the fastest growth in core socially responsible investing (SRI), according to a new study.
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Rümmeli convicted over Swiss kickbacks
[16:10 CEST 02-10] SWITZERLAND – Roland Rümmeli, the former asset manager of the Siemens Pensionskasse, has been convicted by the Swiss authorities after confessing to being involved in the payment of 'kickbacks' concerning the Swissfirst merger.
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Pressured Irish funds given six-month reprieve
[16:45 CEST 02-10] IRELAND – Irish pension funds have been given an extra six months to state how they might address any shortfall to their minimum funding standards, as current market conditions mean three out of four schemes would be considered underfunded if wound up.
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TPR conflicts guidance falls short on 'thorny' issues
[16:50 CEST 02-10] UK – The Pensions Regulator's (TPR) final trustee guidance on conflicts of interest places more emphasis on education and support than in offering "real conclusions" on difficult issues such as the disclosure of confidential information, Sacker & Partners has claimed.
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EC fancies monitoring role of private pensions
[16:50 CEST 02-10] EUROPE – Charlie McCreevy, European Commissioner for internal markets, today argued the European Commission (EC) should have a monitoring role in the European private pensions markets.
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Cordares creates pensions research chair
[17:00 CEST 02-10] NETHERLANDS – Dutch professor Fieke van der Lecq has been appointed by the €26bn pensions provider Cordares as the first chair of European pension markets at Erasmus School of Economics.
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IAM expands onto the continent
[17:00 CEST 02-10] SWEDEN – International Asset Management (IAM), the fund of hedge fund manager previously owned by ABN Amro Asset Management, has opened a branch in Stockholm – its first office in continental Europe.
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EC to test feasibility of pan-EU researchers' pension
[17:05 CEST 02-10] EUROPE – The European Commission is seeking a contractor to conduct a feasibility study into the potential for developing a pan-European pension fund for researchers working across the EU.
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PNO launches SRI site
[17:05 CEST 02-10] NETHERLANDS – The €2.8bn Dutch pension fund PNO Media will today launch a new website entirely dedicated the fund’s responsible investments, in a push to appease member funds’ demand for more social responsibility.
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Camden to consolidate custody services
[17:20 CEST 03-10] UK – Camden County Council is seeking a global custodian for its £730m (€927m) local authority pension fund as part of its restructuring process.
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ÖPAG and university create ALM tool
[15:45 CEST 03-10] AUSTRIA – The multi-employer pension fund ÖPAG and the University of Vienna have developed an ALM tool to help the fund simulate future developments around their assets and liabilities.
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Irish managed values drop a quarter in 12 months
[16:00 CEST 03-10] IRELAND – Irish managed pension funds returned an average of -8.4% in September, resulting in a return -8.8% for the third quarter of the year and -25% for the last year, according to figures from Hewitt Associates.
