All IPE articles in October 2009 (Online) – Page 5
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NewsMarket improvement lifts TNT’s pensions value
[16:05 CEST 16-10] NETHERLANDS – The Dutch TNT pension fund saw the value of its investment portfolio rise by 11% in the third quarter of this year, thanks to improvements in confidence about the financial markets.
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NewsAgeing population costs to 'dwarf' recent crisis - EC
[16:55 CEST 15-10] EUROPE – European Commission officials have produced a report which claims the ability to meet public pensions liabilities is a higher long-term risk for governments than ever before and in most cases reform of member states’ pensions systems is desperately needed.
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NewsNetherlands tops Mercer poll of pension regimes
[16:15 CEST 15-10] GLOBAL - The Netherlands has come out top in a new global index rating pension systems which assesses the adequacy, sustainability and integrity of regimes, closely followed by Australia and then Sweden.
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NewsBond manager warns of 1994 re-run
[16:00 CEST 15-10] GLOBAL - Paul Griffiths, the newly-appointed global head of fixed income at Aberdeen Asset Management, has warned that central banks are walking a “very fine line” with regard to the timing of rate rises and their withdrawal of liquidity from markets, drawing comparisons with the market turmoil ...
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NewsATP pulls out of bid to win personal accounts contract
[15:55 CEST 15-10] DENMARK – ATP, the giant Danish pension fund and administrator, has pulled out of the bid to administer the UK’s personal accounts scheme, saying it was unhappy with the risk/return balance of the potential new business and the number of likely participants.
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NewsRomanian pension returns climb as reform continues
ROMANIA – The average Romanian pension fund has generated a return of 13% in the first nine months and maintained a 17.4% return since the end of last year, when the economic crisis really hit most pension funds, according to figures from the Romanian Pension Funds Association (APAPR).
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Six UK DC schemes hit pension quality mark
[13:20 CEST 15-10] UK - Six more UK defined contribution (DC) schemes have been awarded the new Pension Quality Mark by the National Association of Pension Funds (NAPF).
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NewsAP2 calculates carbon footprint of portfolio firms
[13:00 CEST 15-10] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is in the process of calculating the "carbon footprint" of its holdings in around 2,700 companies, in an attempt to better understand the impact if companies are forced to pay for carbon emissions.
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NewsNo end to the pull of alternatives
[11:00 CEST 15-10] EUROPE - The trend for pension funds to invest in alternatives remains unbroken, according to an IPE pension fund survey.
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NewsGermany's BMF is critical of powerful EU supervisor
[16:45 CEST 14-10] GERMANY/EUROPE – The German Finance Ministry (BMF) is fearful that the European Commission's plans for a new supervisory structure will give pan-European bodies more influence over national retirement systems.
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NewsIceland prepares to free capital restraints
[16:40 CEST 14-10] ICELAND - Iceland has been preparing for the liberalisation from its capital controls, which will eventually conclude with the lifting of currency restrictions.
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NewsUK mandate roundup: Bucks appoints global eq managers
[16:30 CEST 14-10] UK – Buckinghamshire County Council has appointed three new global equity managers for its £1.07bn (€1.14bn) pension fund, completing the search for investment managers announced in July 2008.
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NewsOne in three fund managers predict double-digit growth
[16:20 CEST 14-10] GLOBAL - Profit growth expectations are at to a five-year high as fears among fund managers of a double dip recession are beginning to wane, according to the latest Bank of America-Merrill Lynch survey.
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NewsVote for the Outstanding Industry Contribution
[16:10 CEST 14-10] EUROPE - There are just two days left before the final nominations for the OUTSTANDING INDUSTRY CONTRIBUTION award closes for IPE’s European Pension Fund Awards 2009.
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NewsWegener pension to merge into graphics industry fund
[15:50 CEST 14-10] NETHERLANDS – Algemeen Pensioenfonds Wegener (APW), the pension fund for employees and former workers of the Koninklijke Wegener publishing house, has signed an agreement to merge its members into the larger PGB pension fund for the graphics industry.
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NewsSwitzerland leaves minimum pension rate at 2%
[15:20 CEST 14-10] SWITZERLAND – The Swiss government set the minimum rate for second pillar pension funds at 2% for 2010.
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NewsWednesday people roundup
[13:30 CEST 14-10] GLOBAL – HSBC AM, Watson Wyatt, Threadneedle AM, Odey AM, Skandia Investment Group, British Property Federation, PensionDCsions, The Pensions Trust
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NewsAP6 gets caught in anti-competitiveness row
[12:00 CEST 13-10] SWEDEN – A row has erupted between two Swedish bicycle firms, including one wholly-owned by Sjätte AP-fonden (AP6), the sixth Swedish national pension fund, over allegations of anti-competitive behaviour.
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NewsDutch Co-op cover ratio rises by a third
[11:00 CEST 14-10] NETHERLANDS – The €141m Dutch Co-op Pension Scheme has seen its solvency ratio rise to 146% - an increase of 33% from its nadir at the end of February this year at 113%.
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NewsBucks appoints RLAM for bonds as Devon seeks actuary
[17:00 CEST 13-10] UK – The £1.07bn (€1.14bn) Buckinghamshire County Council Pension Fund has appointed Royal London Asset Management (RLAM) to run a fixed income mandate.
