All IPE articles in September 2007 (Online) – Page 7

News
Czech welfare tax could go to voluntary funds

2007-09-10T13:30:00Z

[14:30 CEST 10-09] CZECH REPUBLIC - Labour and Social Affairs Minister Petr Necas is seeking pension reforms which would allow employees to re-direct part of their national insurance contributions into voluntary pension funds.
News
Norwegian government fund tenders for auditor

2007-09-10T13:00:00Z

[14:00 CEST 10-09] NORWAY – The NOK110bn (€14bn) national insurance fund is tendering for auditing services.
News
Dutch navy sinks Achmea

2007-09-10T12:30:00Z

[13:30 CEST 10-09] NETHERLANDS – The Dutch €3.4bn Merchant Navy Pension Fund (Bedrijfspensioenfonds voor de Koopvaardij) will end its management agreement with PVF Achmea at the end of this year, IPE has learnt.
News
Swedish funds get green light despite increased risk

2007-09-07T15:30:00Z

[16:30 CEST 07-09] SWEDEN – All insurance companies including pension funds are in the green under the Swedish traffic light system, supervisor Finansinpektionen (FI) has announced.
News
BlackRock co-founder leaves

2007-09-07T15:00:00Z

[16:00 CEST 07-09] GLOBAL – Ralph Schlosstein, president and co-founder of BlackRock has announced he will leave the company to "pursue other entrepreneurial interests”.
News
Dutch direct sub-prime exposure "limited" - DNB

2007-09-07T14:30:00Z

[15:30 CEST 07-09] NETHERLANDS - Direct exposure of Dutch pension funds and insurers to the US sub-prime mortgage market is relatively limited, but pension funds with minimal hedge fund exposure may have made gains through the turbulence, suggests evidence from the regulator and pension funds.
News
Pen-Sam hit by hedging while rivals see gains

2007-09-07T14:00:00Z

[15:00 CEST 07-09] DENMARK - Danish industry-wide pension fund Pen-Sam has found applying hedging strategies had a wider negative effect on earlier returns during upward markets, compared with positive gains for rival pension funds.
News
E.ON pension scheme moves into hedge funds

2007-09-07T13:00:00Z

[14:00 CEST 07-09] GERMANY – A €5.4bn pension fund for German energy giant E.ON has begun making its first investment in hedge funds, employing both single and fund-of-fund vehicles, market sources have told IPE.
News
Regulators to head up Holland Financial Centre

2007-09-07T12:00:00Z

[12:30 CEST 07-09] NETHERLANDS - The new Holland Financial Centre has appointed Akkie Lansberg as its chief executive officer and another member of the existing supervisory team as her deputy.
News
Analysts "cautiously optimistic" on Swiss fund rescue plan

2007-09-07T11:00:00Z

[12:00 CEST 07-09] SWITZERLAND – The pension fund of the Swiss city of Lausanne saw its cover ratio increase from 44.2 % to 45.4% over the last year as structural changes decided in 2004 began to take full effect.
News
Bonds are "now priced fairly" to funding - Aon

2007-09-07T10:00:00Z

UK – Pension funds should see improved funding levels under international accounting rules because corporate bonds are now being priced realistically on the back of recent turbulence, according to investment consulting experts.
News
Hewitt signs Strathclyde man

2007-09-06T15:50:00Z

[16:50 CEST 06-09] UK – David Crum left the £9.8bn (€14.5bn) Strathclyde pension fund and will be joining consulting firm Hewitt.
News
Interest swaps keep SPW’s returns down

2007-09-06T15:30:00Z

[16:30 CEST 06-09] NETHERLANDS - Interest swaps created a negative return for SPW, the €4.6bn industry-wide pension fund for the housing corporations, in the second quarter of the year, even though equity elsewhere returned well over the benchmark.
News
Industriens' return reveals smart call on equities

2007-09-06T15:00:00Z

[16:00 CEST 06-09] DENMARK - Investments at Industriens Pension, Denmark’s DKK46.7bn industry-wide pension fund, produced a 2.3% pre-tax return for the first six months of the year, helped by an earlier strong equities performance and a pre-emptive move to reduce risk exposure.
News
Fortis hires CSR experts

2007-09-06T14:30:00Z

[15:30 CEST 06-09] GLOBAL – Banking and insurance group Fortis has created a corporate social responsibility (CSR) advisory board made up of seven international experts.
News
NTGI introduces int'l CIO

2007-09-06T14:00:00Z

[15:00 CEST 06-09] GLOBAL – Wayne Bowers has been promoted to chief investment officer for the EMEA and Asia-Pacific regions at Northern Trust Global Investments (NTGI) Ltd.
News
Switzerland paves way for Publica’s DC switch

2007-09-06T13:30:00Z

SWITZERLAND – The Swiss government has sanctioned the inclusion of 105 employers into Publica, the CHF33bn (€20bn) pension fund for federal employees - clearing the way for the scheme’s switch from defined benefit to defined contribution next year.
News
OPF warns nFTK pressures reinsured pensions

2007-09-06T13:00:00Z

[14:00 CEST 06-09] NETHERLANDS - The Netherlands Association of Company Pension Funds (OPF) is lobbying for pension reforms as the implementation of a new law will potentially double the financial reserve requirements of reinsured pension funds.
News
Big is beautiful for governance - Watson Wyatt

2007-09-06T11:00:00Z

[12:00 CEST 06-09] GLOBAL – Assets in the world's 300 largest pension funds exceeded the $10trn (€7.4trn) mark last year, consulting firm Watson Wyatt has found.
News
Irish equity drags down pension funds

2007-09-05T15:30:00Z

[16:30 CEST 05-09] IRELAND – Irish managed pension funds reported negative returns of -0.6% for the month of August.