All IPE articles in October 2009 (Online)
View all stories from this issue.
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NewsSwiss returns now predicted to average 10.1%
[17:15 CEST 30-10] SWITZERLAND – Calculations conducted by Swisscanto suggest the average return achieved by Swiss Pensionskassen in the first nine months of this year hit 8.2%, but rival firm State Street has predicted the figure is more likely to be 10.11%.
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NewsLPFA calls for commission to assess LGPS sustainability
[17:00 CEST 30-10] UK – The UK government should establish an independent commission to examine potential solutions to keep the Local Government Pension Scheme (LGPS) sustainable, according to the London Pension Fund Authority (LPFA).
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NewsRobeco performance sparks Rabo pension review
[16:45 CEST 30-10] NETHERLANDS - The €11.4bn Rabobank pension fund has decided to divide its equity portfolio across several managers, following disappointing performance from Robeco.
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NewsEC pursues Germany on pension dividends
[16:00 CEST 30-10] EUROPE – The European Commission has stepped up its action against German authorities to remove discriminatory legislation concerning dividend tax paid by overseas pensions institutions.
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NewsPhilips' Dutch pensions funding recovers to 126%
[14:00 CEST 30-10] NETHERLANDS - The €13.4bn Dutch pension fund of electronics giant Philips returned 7.2% on its investments at the end of the third quarter 2009 .
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NewsATP rebounds with 6.6% return in nine months
[13:00 CEST 30-10] DENMARK – ATP Group has almost recouped the losses it sustained in 2008 and reported an overall investment return of 6.6%, or DKK22.2bn (€2.98bn), in the first nine months of 2009.
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NewsING IM announces new CEO
[16:55 CEST 29-10] GLOBAL - Gilbert Van Hassel has been named as global chief executive of ING Investment Management, just days after it was announced the division is to be spun off as a separate company.
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NewsAP6 signals shift in investment strategy
[16:30 CEST 29-10] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, has signalled a change of strategy going forward away from investment in "young growth companies".
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NewsMajor fiduciary search takes to the global stage
[16:00 CEST 29-10] IPE-QUEST – Avida International, a Netherlands-based management and organisational adviser to pension funds, has issued a major search to find fiduciary investment and risk management for three Dutch pension funds which manage almost €6bn in assets.
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NewsVeritas CIO claims the 'crisis is over'
[15:00 CEST 29-10] FINLAND - Staffan Sevon, chief investment officer at Veritas Pension Insurance, has declared the recent financial crisis “is over”, after announcing the company’s investments have risen 9.4% so far this year, thanks to strong Finnish equity returns.
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NewsUK minister calls on P8 to invest in low carbon services
[14:00 CEST 29-10] UK/GLOBAL – The 'P8 Group' of public pension funds has been urged by the UK government to cooperate with governments and development banks to help finance low carbon infrastructure and technologies.
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NewsDC schemes prevail among German execs
[13:00 CEST 29-10] GERMANY – Occupational pension plans are a fixed part of the remuneration for executives at German large companies, but evidence from consulting firm Mercer suggests most executives are now members of defined contribution (DC) schemes.
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NewsTories to push for ethical fund in personal accounts
[12:00 CEST 29-10] UK - Shadow pensions minister Nigel Waterson has called for the creation of an ethical fund as part of the proposed personal accounts pension system.
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News96% of UK DC funds offer investment choice
[16:40 CEST 28-10] UK – Latest figures from the Office for National Statistics (ONS) have revealed that over 90% of active members of defined contributions are offered a choice as to how they invest their money.
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NewsPension Fennia posts 8.1% return
[16:40 CEST 28-10] FINLAND - Eläke Fennia Mutual Pension Insurance Company boosted its coffers in the first nine months of this year thanks to a 8.1% return driven by equity investments.
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NewsGermany sees its first full pensionsfonds transfer
[16:30 CEST 28-10] GERMANY – The German industrial services provider MAN Ferrostaal is transferring its pensionsfonds into the Allianz Pensionsfonds AG.
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NewsUK roundup: Havering, East Sussex, Lincolnshire
[16:30 CEST 28-10] UK – The London Borough of Havering has issued a tender for a multi-asset absolute return bond manager to run around 5% of the fund, alongside a search for a passive equities manager. East Sussex Council is seeking a provider of a corporate governance overlay service for ...
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NewsAustrian bodies call for 2nd pillar tax incentives
[16:20 CEST 28-10] AUSTRIA – The majority of companies would like to see more tax incentives to warrant the offering of an occupational pension scheme, a study by the Austrian economic research institute Wifo has found.
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NewsWednesday people roundup
GLOBAL – TPR, SWIP, Government Actuary’s Department, State Street Corporation, State Street Global Markets, Jupiter Asset Management, Duet Group, Metlife Europe, Carmignac Gestion, ICSA
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NewsABP's Nijpels could resign over DSB role
NETHERLANDS - Ed Nijpels, chairman of the €180bn civil service pension scheme ABP, said he will resign if investigations into the collapsed DSB bank reveal facts that could hamper his work at ABP.
