All IPE articles in October 2009 (Online) – Page 8
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NewsEuropean pension fund considers enhanced passive mandate
[16:45 CEST 06-10] IPE-QUEST – A continental European pension fund is looking for a manager to take on a $300m (€206m) global developed markets enhanced passive equity mandate, and is conducting the search using IPE-Quest.
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NewsIrish managed funds gain 27.5% in seven months
[17:05 CEST 05-10] IRELAND – The performance of Irish managed pension funds improved for the seventh month in a row as they returned an average 2.6% in September, according to figures from Rubicon Investment Consulting.
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NewsLAs leave 25% of class action settlements unclaimed
[17:05 CEST 05-10] UK – Local authority pension schemes could be losing up to £125m (€136m) by not participating in class actions, a report from the Goal Group has claimed.
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NewsEtera top man aims for Keva CEO role
[16:55 CEST 05-10] FINLAND - Kalevi Hemilä, the current managing director at Finnish pension insurance company Etera, is one of 20 people competing for the top position at Keva, the local government pension institution.
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NewsAviva to go ahead with Delta Lloyd IPO
[16:55 CEST 05-10] NETHERLANDS – Aviva has today confirmed it will float Delta Lloyd in a Dutch shareholder offering, although the parent group will continue to hold the majority share in the firm.
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NewsSwiss consultant rewarded for pre-empting crisis
[16:20 CEST 05-10] SWITZERLAND/UK – Swiss pension fund consultant, Felix Kottman, has been awarded an honorary doctorate at the UK’s University of Birmingham, as his work predicting the recent economic crisis allowed the university pension fund to make positive returns, rather than lose money.
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NewsToday’s babies to become 100 year-old pensioners
[15:00 CEST 05-10] GLOBAL - A new longevity study has predicted that most babies born today will live to celebrate their 100th birthdays in many industrialised countries.
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NewsRaiffeisen buys into Albanian pension system
[14:00 CEST 05-10] ALBANIA – The Albanian branch of the Raiffeisen group has bought the biggest pension provider in the market.
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NewsNBIM wants more accountability from UK directors
[16:55 CEST 02-10] NORWAY/UK – Norges Bank Investment Management (NBIM), responsible for managing the assets of the NOK2.5trn (€290bn) Government Pension Fund – Global, has supported recommendations from the Walker Review for increased accountability but officials say they want it to go further.
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NewsNorway targets US firms over combined CEO role
[16:50 CEST 02-10] NORWAY – Norges Bank Investment Management (NBIM) has for the first time submitted shareholder proposals to four US companies requiring them to have an independent chairman.
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NewsFRR report mulls environment in investment policy
[16:20 CEST 02-10] FRANCE – Fonds de Reserve pour les Retraites, the €27bn French national pension fund, has published a working document on investment policy which reveals just how complex it is for pension funds to consider whether environmental issues should be factored into investments.
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NewsDanish insurer-led pensions are cheaper - F&P
[14:45 CEST 02-10] DENMARK - The running costs of Denmark’s mandatory labour market pension schemes have fallen by around 12% since 2002, but company schemes remain far more expensive and have hardly reduced costs at all, according to new industry figures.
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NewsRPMI shake-up brings new admin head
[13:30 CEST 02-10] UK - Pensions administrator RPMI has completed a major restructuring designed to boost its third-party business potential which will see Xafinity’s Robert Branagh become managing director for administration within the newly-streamed RPMI team.
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NewsLPFA considers 'unitised' local government pensions
[12:45 CEST 02-10] UK – The London Pension Fund Authority, which manages €3bn in assets for local authority pension plans, is investigating the possibility of creating ‘unitised’ pension plans for local government schemes which essentially ringfence an employer’s asset allocation strategy but create economies of scale in the asset management.
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NewsEureko secures exit from Polish PZU row
POLAND – Eureko, the Netherlands-headquartered insurance group, has finally secured a financial settlement and exit strategy from its ownership of PZU following a long-running dispute with the Polish government.
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NewsDWP to allow non-UK schemes for auto-enrolment
[17:00 CEST 01-10] UK – The government has confirmed non-UK pension schemes can be used for auto-enrolment purposes from 2012, although it stressed it would amend regulations to exclude non-European Economic Area (EEA) schemes if there are suggestions of an unacceptable risk to member benefits.
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NewsIBM modifies pension changes after UK member backlash
[16:55 CEST 01-10] UK – Unite, the trade union, has claimed IBM will delay changes to their UK final salary pension scheme following a "backlash from thousands of employees", though argued the revisions do not go far enough.
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NewsUK employers may avoid certifying 'borderline' DC
[16:40 CEST 01-10] UK – Employers operating defined contribution (DC) schemes on the "borderline" of meeting the quality requirements for the 2012 reforms may be less likely to use self-certification because of cost issues, Hymans Robertson has suggested.
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NewsMacedonian funds grow 4% in H1
[16:30 CEST 01-10] MACEDONIA – The Republic of Macedonia’s two funds of the mandatory pensions system returned 3.7% and 4.3% respectively over the first six months.
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NewsMercer to take on Babcock-Borsig pensionskasse
[16:10 CEST 01-10] GERMANY - The pensionskasse of insolvent energy industry service provider Babcock-Borsig will in future be administered by Mercer instead of Swiss Life.
