All IPE articles in October 2008 (Online) – Page 9
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NewsDanish fund to invest in inflation-linked bonds
[16:)) CEST 06-10] DENMARK – A Danish pension fund is looking for managers to manage a $200m (€147m) global inflation-linked bonds mandate, using IPE-Quest.
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NewsBNP Paribas takes on Fortis Investments (Update I)
[14:15 CEST 06-10] EUROPE – French bank BNP Paribas has acquired Belgo-Dutch bancassurance group Fortis’ investments business in a deal dubbed a "quantum leap" for the bank's asset management.
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NewsCabinet shake-up sparks pensions people changes
[14:00 CEST 06-10] UK – Mike O'Brien, minister for pensions reform, has been replaced by former transport minister Rosie Winterton as part of a government reshuffle, while Paul Myners has been appointed as an unpaid undersecretary to HM Treasury.
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NewsPensionDanmark warns investors of market woes
[17:15 CEST 03-10] PensionDanmark has warned pension members the returns are unlikely to look favourable this year as it predicts 2008 investment returns will be heavily influenced by the credit crisis, world economic recession and a rapidly falling equity market.
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NewsBallangen municipality seeks pension provider
[17:15 CEST 03-10] NORWAY – Ballangen kommune in Norway is seeking a provider to run the occupational pension scheme for the municipality.
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NewsGloucester seeks equity manager as Clwyd picks advisers
[16:15 CEST 03-10] UK – Flintshire County Council has appointed seven external advisers for the Clwyd Pension Fund, while Gloucestershire County Council is tendering a global equity mandate valued at up to £200m (€257m).
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NewsEurope shouts 'no' to IASB's proposed pensions reforms
[17:00 CEST 03-10] EUROPE – European pension funds have collectively given a strong thumbs-down to key proposals set out by the International Accounting Standards Board (IASB) on pensions accounting reforms, and even argue the initial review creates more problems than it solves.
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NewsIrish reform consultation lacks consensus
[16:00 CEST 03-10] IRELAND – The Green Paper consultation process outlined last year concerning pension reforms has revealed a "general lack of consensus" over the next steps regarding pensions, according to a government report.
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NewsIrish 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.
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NewsÖPAG 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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NewsCamden 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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NewsPNO 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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NewsEC 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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NewsIAM 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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NewsCordares 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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NewsEC 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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NewsTPR 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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NewsPressured 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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NewsRümmeli 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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NewsEurosif 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.
