All IPE articles in October 2010 (Online) – Page 7
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NewsLocal government schemes tender actuarial, investment management services
UK – The Environment Agency’s £1.6bn (€1.8bn) pension fund and five other local government pension schemes (LGPS) with assets totalling £7.3bn are seeking to appoint joint actuarial advisors and investment managers in a cost-cutting measure.
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NewsDutch pension funds return 6.4% in first half
NETHERLANDS – Dutch pension funds returned 6.4% over the first six months of the year, according to State Street Investment Analytics.
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NewsBulgaria takes steps to pull funds from professional pension schemes
BULGARIA – The Bulgarian council of ministers has decided to stop contributions to professional pension funds from next year and eventually withdraw all accrued assets from the funds.
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NewsUK government must cover bulk of BT scheme deficit, court rules
UK – The UK government must cover the BT pension scheme's £7.6bn (€8.4bn) funding shortfall, the Royal Court of Justice has ruled.
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NewsMandate roundup: State Street Global Advisors, Ruffer, BlackRock, Nomura
EUROPE – State Street Global Advisors (SSgA) has been awarded a £45m (€50m) passive UK and global equities mandate by the £241m London Borough of Havering local government pension scheme (LGPS).
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NewsGerman pension system falls short on sustainability, integrity
GERMANY – The German pension system is particularly lacking in the areas of sustainability and member communication, according to Mercer Germany.
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Pacific Star Europe closes, Stürmer moves to Capital Dynamics
EUROPE – Pacific Star Europe, the start-up global fund of funds manager co-founded by the former head of real estate at E.ON Energie pension fund Matthias Stürmer, is to be dissolved.
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NewsIPE Quest: Austrian pension fund tenders €40m absolute return mandate
IPE QUEST – A Swiss investment consultancy is looking to award a number of mandates, including two on behalf of an Austrian pension fund, using IPE Quest.
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NewsDutch Labour Foundation calls for extension of premium cushioning
NETHERLANDS – The Dutch Labour Foundation (STAR) has called on Henk Kamp, the new social affairs minister, to continue to allow pension funds to cushion their contributions.
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NewsUK roundup: NAPF, PwC on state pension reform, Aon Hewitt on tax relief
UK – The government has confirmed plans for a reform of the state pension system, with expectations of a flat-rate pension for all by 2015.
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NewsFrench pension reforms clear senate, closing in on final approval
FRANCE – Reforms that will see France’s state pension age increase from 60 to 62 have passed one of the final hurdles, having been approved by the country's upper house.
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SNPF considering alternative recovery measures, appoints chairman
NETHERLANDS – The board of the €1bn pension fund for notaries (SNPF) said it was considering alternative recovery measures to avoid rights cuts after supervisor De Nederlansche Bank (DNB) turned down its suggestions for a tailor-made recovery.
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NewsSchemes to fund costs themselves in Henderson legal action
UK – The group of 30 pension funds threatening to sue Henderson Global Investors over the management of its PFI Secondary Fund II LP are to fund their own legal costs.
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NewsNatixis GAM acquires majority stake in ETF specialist
FRANCE – Natixis Global Asset Management (NGAM) has acquired a majority stake in Paris-based Ossiam, an asset management start-up with a range of specialty ETFs based on quantitative and fundamental data.
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NewsSwiss roundup: Swisscanto, Credit Suisse, Melbourne Mercer
SWITZERLAND – Funding at Swiss Pensionskassen has returned to levels seen at the end of last year, according to a survey by Swisscanto.
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Nordic companies leading way on climate change, says ATP
EUROPE – Businesses in the Nordic region are now dealing more rigorously with climate issues, with an increasing number reporting how they deal with the risks and opportunities presented by climate change, according to Denmark’s ATP pension fund.
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NewsInvestment industry should consider '10 things' post-crisis
UK – The Research Foundation of CFA Institute has published a list of 10 things the investment management industry ought to consider in the aftermath of the financial crisis.
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NewsDutch roundup: PNO Media, Wal-Mart, AZL, ANWB
NETHERLANDS – The €3bn industry-wide pension fund PNO Media has excluded giant US retailer Wal-Mart from its investment universe for violating labour rights.
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Changes to Hungarian pension system will undermine confidence, says IMF
HUNGARY – The International Monetary Fund (IMF) has warned that Hungary’s recently announced pension reforms risk undermining confidence in the system and constitute a “significant step back” for the country.
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NewsVote now for Nominated ESG Leaders Awards
IPE – Now is your chance to vote in this year's IPE-TBLI ESG Leaders Awards, being held in London on 11 November.
