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Swedish roundup: AP-Fonden, Electrolux
[17:05 CET 05-02] SWEDEN – Financial markets minister Mats Odell has told the Swedish parliament that the future of the Swedish AP buffer funds is a matter for the parliamentary five-party Pensions Group.
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Electrolux does not believe in equities, bonds
SWEDEN – An official at Electrolux, which has allocated up to 10% of its 1.5 billion-crown (164 million-euro) pension fund to hedge funds, says the household appliance maker “does not believe” in fixed income and equities.
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Why Electrolux aims to go 'blue'
For a surprising number of multinationals operating in Europe, the question of their worldwide pension fund arrangements is less one of streamlining an existing structure and deciding where pan-European pension plans might fit into the equation, than actually figuring out what pension plans the corporation has in place globally and ...
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AP2 takes issue with Electrolux management
SWEDEN – The SEK190.6bn (€20.5bn) Second Swedish National Pension Fund/AP2 is at odds with the management of Electrolux over the consumer products company’s plans to spin off outdoor power unit Husqvarna.
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Electrolux poaches Eklund from Ericsson
SWEDEN – The Stockholm-based pension fund of Swedish electrical appliances group, Electrolux, has poached Hans Eklund from the pension fund of telecoms group, Ericsson, where he was international benefits manager.
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Alecta, AP2 involved in Electrolux board choice
SWEDEN – Swedish pension institutions Alecta and Andra AP-fonden are among investors that have been drafted in to help nominate board members at household products firm Electrolux.
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Electrolux sees e146m pension liability
SWEDEN – Swedish electrical appliances maker Electrolux has recorded a minimum pension liability of 1.34 billion crown (146 million euro) under US accounting rules due to a 136 million dollar deficit in its US pension funds caused by the decline in the stock markets.
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Alecta: A tale of simplicity
At a time when defined benefit funds are under pressure globally, one Swedish fund offers a model of simplicity
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Financing to keep AIG afloat for break-up
[17:00 CEST 17-09] GLOBAL – The US Federal Reserve has granted global financing firms and their investors a last-minute rescue package by agreeing to invest up to $85bn (€60bn) in American International Group.
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Yielding results
Ultra-low bond yields and high dividend yields suggest low-risk investors should consider equity income funds. Joseph Mariathasan looks at the options
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AP2 says Skandia needs “peace and quiet”
SWEDEN – Andra AP-fonden, the Second Swedish National Pension/AP2, has waded into the bid for Skandia by Old Mutual, saying the Swedish insurer needs a period of “peace and quiet”.
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Wednesday people roundup
[16:00 CEST 03-09] GLOBAL – People roundup: IBM, Nordea, Henderson Global Investors, Mercer, Watson Wyatt, UBS Global Asset Management, Insight Investment, Unigestion, Barings, Teslin Capital Management, Sophis, CFA Institute.
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Wednesday people roundup
[16:40 CEST 16-04] GLOBAL – Wednesday People roundup: Nordea, Close Brothers, Threadneedle, Aegon, AIG, Northern Trust, NAPF, Erste-Sparinvest, BNY Mellon Asset Management, Henderson Global Investors, Watson Wyatt, TIAA-CREF, SWX Europe.
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AMF Pension returns 4.3% in first half
SWEDEN- The 210 billion-crown (22.8 billion-euro) pension provider AMF Pension has reported a return of 4.3% in the first half of the year - compared with last year’s first half result of 5.8%.
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Swedish pension market in midst of restructure
SWEDEN - The crisis in the Swedish mutual life insurance market is leading to a shake-up in the pensions industry, Alex Inkapool writes.
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Skandia case goes to Swedish supreme court
SWEDEN – The Skandia pensions taxation case has been submitted to the Swedish Supreme Administrative Court – with a decision expected within weeks.
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