All IPE articles in October 2008 (Online) – Page 3
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News
Aon calls for pensions communication during crunch
[16:15 CEST 07-10] NETHERLANDS – Pension funds must communicate more actively to all stakeholders to reassure them about the funds’ solidity in the current market turmoil, according to Aon Consulting’s Dutch executive director, actuarial services.
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Business heads urged to tackle stewardship
[12:15 CEST 08-10] UK - Company leaders, shareholders and the UK government have been called upon by business think-tank Tomorrow’s Company (TC) to put stewardship and responsible investment at the heart of every decision they make in response to the current financial crisis.
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Trustee firms shown alternative route for conflict compliance
[12:30 CEST 08-10] UK – Company directors, including those of pension trustee companies, should look at meeting new conflict of interest rules concerning pensions by gaining authorisation from shareholders rather than other directors, Allen & Overy has suggested.
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Turkish pensions growth to reach two million people
[13:00 CEST 08-10] TURKEY – Turkish private pension funds are close to TRY6bn (€3.29bn) in value while the system is likely to cover two million participants soon, Mehmet Simsek, Turkey’s minister for economy has revealed.
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IASB changes 'single out' pension liabilities
[13:30 CEST 08-10] UK – Proposed changes to pension accounting standards could exaggerate volatility in pension fund liabilities and make them appear more risky than other corporate liabilities, Hewitt Associates has warned.
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One in five open DB schemes look to DC
[14:30 CEST 08-10] UK – A third of open UK defined benefit (DB) schemes are considering switching to a defined contribution (DC) arrangement or reducing costs or risks in the near future, the National Association of Pension Funds (NAPF) has revealed.
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Wednesday people roundup
[15:00 CEST 08-10] GLOBAL: People roundup – CBRE, RAM, Hermes, Threadneedle, SLI, Ortec, Penfida, BDO Stoy Hayward Investment Management, Groupe Consultatif Actuariel Europeen, Boardroom Consultants, BlackRock, Aon.
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Mn Services launches UK office
[15:30 CEST 08-10] UK/NETHERLANDS – Mn Services, the Dutch pension provider and fiduciary manager, has launched its new London-based office, headed by former ABN Amro Asset Management director Remco van Eeuwijk.
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Icelandic pension funds refuse to repatriate assets
[15:45 CEST 08-10] ICELAND – Iceland’s pension funds will not transfer any of their foreign securities back to Iceland as the deteriorating economy is dragging down pension fund assets, IPE has learnt.
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Solvency Rapporteur suggests 'clean sheet' on pensions
[17:10 CEST 08-10] EUROPE – The European Parliament member tasked with delivering a consensus on the Solvency II directive has called on the European Commission to start afresh in its search for a pensions solvency regulatory solution which recognises pensions provision has to be suitably funded.
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News
Jeannie Drake is acting chair of PADA
[11:20 CEST 09-10] UK - James Purnell, secretary of state for work and pensions, has confirmed Jeannie Drake will temporarily replace Paul Myners as chair of the Personal Accounts Delivery Authority (PADA).
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News
Ilmarinen to increase its alternatives focus
[15:00 CEST 09-10] FINLAND – Ilmarinen Mutual, Finland’s second-largest pension provider, is planning to increasing its private equity and property holdings in the coming years as well as diversify its equity holdings, IPE has learned.
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Finland to create pensions working group
[15:15 CEST 09-10] FINLAND – The Finnish minister for social affairs and health has confirmed the government intends to set up a working group to study the regulation and supervision of investments, including pension funds.
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Lords confirm SRI can be applied in UK pensions
[16:00 CEST 09-10] UK – Members from the UK’s upper parliamentary house have clarified pension fund trustees are legally allowed to consider responsible investment in any of its decisions concerning assets held by the fund.
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Dutch pension assets down a fifth since Q2
[16:30 CEST 09-10] NETHERLANDS – The Dutch central bank and pension fund regulator De Nederlandse Bank (DNB) has revealed Dutch pension funds’ active capital has dropped by 20% to €600bn in less than three months.
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News
Irvine launches PiRho consulting
[16:55 CEST 09-10] UK – Phil Irvine, a former director of advisory services at research and advisory firm Liability Solutions, has launched a new investment consulting business together with former colleague Nicola Ralston.
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News
Credit interesting again, managers agree
[17:05 CEST 09-10] GLOBAL – With priced-in defaults being at a record high the time has come to invest in credit products, fixed income managers has suggested.
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News
GMB targets Ofgem over pension proposals
[17:10 CEST 09-10] UK – Trade unions are raising concerns over possible pension cuts for energy workers directly with Ofgem, following an earlier call for the abolition of the competition authority.
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PADA reveals more on personal accounts future
[13:25 CEST 10-10] UK - The Personal Accounts Delivery Authority (PADA) will launch a consultation on investment strategy in November with an ethical investment event and has also revealed further details about e-business future of its service.
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News
Dutch 'API lite' extended to cover some DB (amended)
[13:50 CEST 10-10] NETHERLANDS – The new premium pension institution (PPI), which is being created by the Dutch government as part of a new international vehicle to tap IORP guidelines, is being extended to cover all contribution-based scheme and may be applicable to some overseas defined benefit (DB) arrangements.
