All IPE articles in September 2006 (Online) – Page 9
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Regulator appoints trustees at Hoverspeed
UK – The Pensions Regulator has appointed HR Trustees to take over the £16m (€23.9m) pension fund of insolvent ferry firm Hoverspeed.
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Gissings helps KLM UK scheme opt for Blue Sky
UK – The KLM (UK) Pension and Life Assurance scheme has appointed Blue Sky Group as new fund manager for its £34.8m scheme following an investment review by adviser Gissings.
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Pensions driving tenfold rise in swaps – Barclays
UK – Pension fund demand is behind a tenfold increase in inflation-linked swaps activity at Barclays Capital, executives say.
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ASIP admits best practice code ignored
SWITZERLAND – Only 10% of Switzerland’s 3,000 pension funds, known as Pensionskassen, have bothered to adopt a best-practice code developed six years ago by ASIP, the association for the schemes.
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Dutch MPs back pension portability veto
EUROPE – Dutch MPs have almost unanimously passed a motion aimed at scuppering the European Union’s controversial proposed directive on pensions portability.
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Big Swiss funds closer to DC switch
SWITZERLAND – Two major Swiss pension funds, the Publica fund for federal workers and the SBB rail scheme, are now closer to switching to defined contribution.
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ABP’s Loyalis wins Dutch ministry admin contract
NETHERLANDS – Loyalis Maatwerkadministraties, the pensions subsidiary of Stichting Pensioenfonds ABP, has won a contract to administer two income-security schemes for the Dutch Ministry of Internal Affairs.
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Low growth seen in pension consulting market
UK – Pension funds are increasingly reluctant to join hands with actuarial and investment consultants, according to a magazine survey.
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BIS to recruit benefits manager
SWITZERLAND – The Bank for International Settlements (BIS), is looking for a new Compensation and Benefits Manager who will also have to “liaise with the Bank's actuaries for pension system evaluations and changes”, according to the job description.
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Capita wins new N. Ireland water scheme admin
UK – Capita Hartshead won a £250,000 (€371,000) contract by the Northern Ireland Water Service for the administration of a new pension scheme to be set up for next year.
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New Dutch pensions act gets OK
NETHERLANDS – The Dutch House of Representatives approved the new pensions act and voted on its proposed amendments on Wednesday.
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Swiss public funds underfunded, Complementa says
SWITZERLAND – Swiss public pension funds were slightly underfunded at the end of the second quarter, while private schemes remained somewhat overfunded, according to a new survey by Swiss consultant Complementa.
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State Street wins Norway SRI mandate
NORWAY – State Street Global Advisors won a NOK570m (€69.3m) SRI mandate with the Bærum municipality in Norway.
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Hermes’ Anson queries private equity fees
UK – Hermes Pensions Management chief executive Mark Anson has called for lower private equity fees, according to reports.
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Dutch funds’ appetite for microfinance grows
NETHERLANDS – Dutch pension schemes have an appetite for microfinance initiatives, according to microfinance investment manager Blue Orchard.
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France’s Caisse names pensions director
FRANCE – The Caisse des Dépôts, France’s state-owned public-interest financial institution, has named Gilles Seigle as director of pensions.
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Dow Jones calls for style-pure hedge indices
GLOBAL – Institutional investors will be looking for stronger due diligence capabilities as more money is expected to flow into hedge funds, financial experts at a hedge fund industry panel hosted by Dow Jones Indexes agreed.
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Reuters denies pension-deficit job freeze claims
UK – News and information group Reuters has denied claims that there is a hiring freeze caused by its pension deficit.
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ECB suggests Maastricht-style pensions treaty
EUROPE – The European Central Bank has suggested a Maastricht Treaty-style pact to help solve Europe’s pensions problems.
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Former ABP chief Frijns to chair Kempen
NETHERLANDS - Merchant bank Kempen & Co. has appointed Jean Frijns, the former head of investments at ABP, as chairman of the supervisory board.
