All IPE articles in October 2008 (Online) – Page 6
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News
NPRF 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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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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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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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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News
German 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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News
Trustees' 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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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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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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News
Hymans to advise lighthouse authorities
[16:30 CEST 20-10] UK – The General Lighthouse Authorities (GLAs) for the United Kingdom and Ireland have appointed Hymans Robertson to provide advice on a range of pension fund issues.
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NewsThird of UK workers cannot afford pensions
[16:35 CEST 20-10] UK – Almost half of the UK's working population is not currently contributing to a pension scheme, although a third claim this is because of affordability issues, research from the Society of Pension Consultants (SPC) has claimed.
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News
LGPS investment regs need to be 'simplified'
[16:40 CEST 20-10] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) intends to recommend the government simplify and modernise the investment regulations for Local Government Pension Scheme (LGPS).
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NewsBosch Pensionsfonds eyes alternatives
[16:45 CEST 20-10] GERMANY – The €800m German corporate pension scheme of multinational Bosch, best known for its appliances, is planning to make its first allocations to alternative investments.
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News
€7.8bn doctors fund looks for opportunities
[16:50 CEST 20-10] GERMANY – Ärtzeversorgung Westfalen-Lippe (ÄVWL), a €7.8bn regional pension fund for doctors, has withdrawn approximately half of its Spezialfonds investments as it now wants to invest in 'opportunities'.
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NewsMerseyside reports negative returns
[14:15 CEST 21-10] UK – Merseyside Pension Fund has confirmed the value of its assets fell to £4.26bn (€5.47bn) prior to the recent market turbulence, following an overall investment return of -1.3% for the year to March 2008.
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News
Pension funds warned on hedge funds 'mispricing'
[15:30 CEST 21-10] EUROPE - Experts have warned the market's failure to correctly price hedge funds (HF) remains a systemic problem which needs to be addressed as markets decline further.
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News
No need for second pillar – IHS (updated)
[16:05 CEST 21-10] AUSTRIA – Increasing the real retirement age is enough to ensure people will still be able to live off the state pension in 60 years' time, according to Bernhard Felderer from the Austrian Institute for Advanced Studies (IHS).
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NewsEC questions need for enhanced pensions framework
[16:45 CEST 21-10] EUROPE – The European Commission has suggested an improved legal framework may be required to improve pensions coverage and ensure individuals have adequate income at retirement.
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News
Insolvency diligence needed over pensions threat - Mercer
[17:00 CEST 21-10] EUROPE – Pension fund executives have been advised to improve their diligence and monitoring of corporate sponsors’ covenants and counterparty risks in the current economic climate at the same time as watching their fluctuating liabilities.
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News
Germany’s largest fund to award first timber mandate
[17:05 CEST 21-10] GERMANY – The Bayerische Versorgungskammer (BVK), Germany’s largest pension fund, is about to award its first timber mandate and has just started its first infrastructure fund.
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NewsTPR buyout powers 'do not hamper innovation'
[17:10 CEST 21-10] UK – New Pensions Regulator (TPR) powers to protect the benefits of scheme members from some of the new alternatives to pension buyouts will "not have an undue impact on legitimate business activity", the government has claimed.
