All IPE articles in October 2009 (Online) – Page 2
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NewsNorway-Global to plough €400m into carbon capture
[15:30 CEST 28-10] NORWAY - The Norway Government Pension Fund – Global is planning to invest over €400m in carbon capture and storage as part of its commitment to ethical and environmental investments.
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NewsDenmark extends pensions solvency deal
[16:55 CEST 27-10] DENMARK – The Danish Government has extended for another year the pensions rescue package it put in place a year ago to protect pension savers in the wake of the recent financial crisis.
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NewsUK gov't clarifies rules for personal account trustees
[16:40 CEST 27-10] UK – The trustee corporation behind the proposed UK personal accounts regime will be given a specific requirement in the legislation to make information about deductions or charges transparent to members when they are auto-enrolled in the scheme.
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NewsSwiss pensions could be 131 days from fresh conversion
[16:30 CEST 27-10] SWITZERLAND – The Swiss government has confirmed a referendum will be held on 7 March 2010 and will include a question on the pensions conversion rate.
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NewsFRR assets rise under revised allocation strategy
[16:20 CEST 27-10] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve fund, is making comfortable investment gains under its new asset allocation strategy and now risen by almost 13% since the start of this year.
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NewsHalf of UK DC schemes need to improve communication
[15:45 CEST 27-10] UK – A review of the communications issued by trustees or insurers to members of defined contribution (DC) schemes has found more than half have scope for improvement, according to the Pensions Regulator (TPR).
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NewsAP2 investment chief quits after 18 months
[14:15 CEST 27-10] SWEDEN - Johan Held, chief investment officer of AP2, the second national pension fund in Sweden, has resigned and is leaving after just under 18 months at the helm.
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NewsMandates and incentives drive climate-conscious investors
[14:00 CEST 27-10] GLOBAL - Investors are currently driven by on-the-ground mandates and incentives when it comes to climate change investments, according to research published by Deutsche Bank’s Asset Management’s (DeAM) division.
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NewsWatson Wyatt German CEO resigns after less than six months
[13:00 CEST 27-10] GERMANY - Watson Wyatt Heissmann’s new CEO, Rainer Schmidt, is to leave the company by the end of the year, having only assumed the position in May.
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NewsING to divest investment management
[16:15 CET 26-10] NETHERLANDS - ING will split its banking and insurance businesses and divest all of its asset management operation within four years.
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NewsSwedish architects' fund returns 7.8%
[16:15 CET 26-10] SWEDEN – AI Pension, the SEK 4.4bn (€432,6bn) fund for architects and engineers, has reported a return of 7.8% in the period between January and September 2009.
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NewsGlobal pensions rebound after 2008 losses
[16:00 CET 26-10] GLOBAL - Last year’s financial downturn caused losses of over $5trn (€3.5trn) to pension funds worldwide, new figures from the Organisation for Economic Co-operation and Development (OECD) show today.
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NewsTwo tier governance for Dutch pensions – Mercer
[15:55 CET 26-10] NETHERLANDS - Dutch pension legislation should favour a two-tier model of pension governance including a supervisory council (raad van toezicht), writes Jan-Daan Recourt, pension lawyer at Mercer in Amsterdam, for our Dutch sister publication IPN.
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NewsDC plans need better design – actuaries
[15:45 CET 26-10] EUROPE – Defined contribution plans need risk mitigating features in order to banish their image as a “poor cousin” of defined benefit plans, attendees at the conference of the Groupe Consultatif, the European umbrella organisation of national actuarial associations, were told last week.
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NewsGovernance for Owners CEO calls for engagement levy
[15:30 CET 26-10] UK - Companies and institutional pension and saving funds should be made to pay a levy to support effective shareholder engagement, Peter Butler, CEO and founding partner of Governance for Owners, told IPE last week.
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NewsUK roundup: Tyne & Wear review, AA Pension Scheme, Staffs
[15:00 CET 26-10] UK – The £3.8bn (€4.1bn) Tyne and Wear Pension Fund has revealed it expects to tender a number of investment mandates in the next two months. The AA pension fund has appointed Hewitt for consultancy services and Staffordshire is seeking an investment consultant.
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NewsIBOA's legal threat over Ulster pay and pensions
[16:30 CEST 23-10] IRELAND – The Irish Bank Officials Association (IBOA) is preparing to take legal action against Ulster Bank, a subsidiary of the Royal Bank of Scotland (RBS), and has raised concerns with the Pensions Board following a breakdown of talks on pay and pensions.
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NewsNottinghamshire approves pension merger
[16:15 CEST 23-10] UK – Nottinghamshire County Council has approved the merger of its two local government pension funds (LGPS) following an additional report into the impact on contribution rates.
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NewsCAAM and SocGen AM to become Amundi
[16:00 CEST 23-10] FRANCE - Crédit Agricole and Société Générale today announced Amundi as the name for their soon to be merged asset management arms.
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NewsFinland's VER and Keva report positive Q3 returns
[15:30 CEST 23-10] FINLAND - Finnish pension funds are continuing their recovery from the market downturn, with the Local Government Pensions Institution (Keva) and Valtion Eläkerahasto (VER), the State Pension Fund, both announcing double-digit returns for the nine months to September 2009.
