All IPE articles in October 2008 (Online) – Page 5
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NewsBonds better than real estate - study
[16:25 CEST 20-10] SWITZERLAND – Direct real estate investments failed to help Swiss pension funds’ performances in last quarter but quite the contrary dragged returns down compared with earlier periods, according to a study which does not track the impact of property investments.
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NewsOPA calls for better policing of MNT rules
16:15 CEST 20-10] UK – The Pensions Regulator (TPR) has been urged not to "turn a blind eye" over the enforcement of member-nominated trustee (MNT) requirements simply because it has no legal powers, the Occupational Pensioners' Alliance (OPA) has claimed.
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NewsTrustees' investment response needs to include employer
[17:10 CEST 17-10] UK – Scheme trustees need to include the views and position of the sponsoring employer when considering strategies to deal with the impact of the current financial turbulence, consultants have warned.
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NewsGerman crisis act to cover Pensionsfonds
[17:10 CEST 17-10] GERMANY – The upper and lower houses of the German parliament today passed an act designed to stabilise the financial market but which will see also Pensionsfonds able to secure funding from the government.
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NewsBelgian pension body against securities lending
[17:05 CEST 17-10] BELGIUM – Philip Neyt, the chairman of the Belgian Association of Pension Funds (BVPI), has called on Belgian corporate and industry wide pension funds to stop the lending of securities.
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NewsAP2 corporate governance targeted 115 AGMs
[17:00 CEST 17-10] SWEDEN - Andra AP-fonden (AP2), the Second Swedish National Pension Fund, has confirmed it exercised its voting rights at the annual general meeting (AGMs) of 115 companies in the year to June 2008.
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NewsMarket falls could see trustees breach SIPs
[16:55 CEST 17-10] UK – Financial turbulence and a fall in equity values could mean trustees are in breach of the scheme's Statement of Investment Principles (SIP) and could make further equity purchases necessary, Buck Consultants has warned.
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NewsNPRF falls 17% year-to-date
[16:50 CEST 17-10] IRELAND – The National Pension Reserve Fund (NPRF) revealed today it booked a negative third quarter outturn of -6% subsequent to more losses on its large equity portfolio, pulling its overall negative return this year down to 17.3%.
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NewsVera/Pevos acquittals are final
[16:45 CEST 17-10] SWITZERLAND – All seven defendants in the Vera/Pevos trial have been officially confirmed as free men, as the public prosecutor had withdrawn his appeal against their acquittal.
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NewsSTAR urges indexation decision delay (amended)
[16:35 CEST 17-10] NETHERLANDS – Industry-wide pension fund ABP may postpone its decision on indexation as a result of turbulence in the financial markets, and the Labour Foundation (STAR) has called on pension fund boards to do the same.
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NewsPublic pensions worth three times more than DC
[17:10 CEST 16-10] UK – Recent pension reforms has reduced the average value of public sector pension schemes to 21% of salary, although this is still around three times higher than the average private sector defined contribution (DC) scheme, the Pensions Policy Institute has revealed.
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NewsFunds plan more exposure to emerging markets
[17:05 CEST 16-10] EUROPE – The majority of Northern European Institutional investors have said they are planning to raise their exposure to emerging market equities over the next three years.
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NewsHammersmith and North Yorks take opposing LDI positions
[17:00 CEST 16-10] UK – The London Borough of Hammersmith & Fulham and North Yorkshire County Council have appeared to take opposing positions on the use of Liability Driven Investment Strategies (LDI) in their pension funds.
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NewsGenerali bundles German schemes
[16:55 CEST 16-10] GERMANY – Pensor, the €128m pension fund of German insurer Volksfürsorge, will merge its “core competencies” with those of parent insurer Generali’s German Pensionsfonds.
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NewsEnglish LGPS reports 2% drop in public sector values
[16:55 CEST 16-10] UK – The value of the Local Government Pension Scheme (LGPS) in England fell by 2% over the year to March 2008, government figures have revealed.
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NewsJust one day left to select the Outstanding Industry Contribution
[16:50 CEST 16-10] EUROPE – There are now less than 36 hours to go before IPE closes voting for this year’s Outstanding Industry Contribution award at the IPE European Pension Fund Awards 2008.
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NewsUBS spins off riskier assets
[16:00 CEST 16-10] SWITZERLAND – Swiss bank UBS has created a standalone fund which allows the firm to rid itself of illiquid assets burning its balance sheet and raise capital through the Swiss central bank.
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NewsMn Services to study buffers link to economy
[15:45 CEST 16-10] NETHERLANDS - Mn Services, the pensions administrator and asset manager, has commissioned a research project to clarify whether a rise in pension premiums will contribute to an economic downturn.
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NewsAiling SBB abandons restructuring plans
[17:05 CEST 17-10] SWITZERLAND – The underfunded Swiss federal railways pension scheme SBB has said it will not implement the additional plans for a restructure it had announced earlier.
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NewsFormer minister calls for end of three-pillar system
[17:00 CEST 15-10] AUSTRIA – The head of the European Senior Organisation (ESO) Karl Blecha has demanded to scrap the three-pillar retirement system and go back to solely relying on the state as pension provider.
