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

News
Pension funds feel confidence blow on ratings

2007-09-21T15:30:00Z

[16:30 CEST 21-09] GLOBAL - Market developments on the back of the credit crunch have shaken pension funds and institutional investors’ confidence in credit ratings agencies, suggests a study by US consultancy Greenwich Associates.
News
Pension schemes’ governance is lagging - DNB

2007-09-21T15:30:00Z

NETHERLANDS - Many pension funds have underestimated the time needed to implement the principles of pension fund governance and a large majority have yet to organise their internal supervision, pensions supervisor De Nederlandsche Bank has warned.
News
IPE-QUEST: Danske seeks biotech manager

2007-09-24T11:45:00Z

[12:45 CEST 24-09] DENMARK – The Danish asset manager Dankse Capital is searching for an active equity manager on two long-only global mandates run against Nasdaq Biotech and MSCI Healthcare indices respectively.
News
Edhec sets up pension fund research chair

2007-09-24T12:00:00Z

[13:00 CEST 24-09] FRANCE – The Nice-based business school Edhec and Axa Investment Managers have created a research chair on regulation and institutional investments.
News
Sainsbury’s trustees set for Delta Two talks

2007-09-24T12:30:00Z

[13:30 CEST 24-09] UK – Trustees of the J Sainsbury pension scheme are expected to meet executives of Delta Two this week, in the hope of reaching an agreement concerning the potential takeover of the supermarket chain.
News
DNB fines Mn for 'illegal' data use

2007-09-24T14:15:00Z

[15:15 CEST 24-09] NETHERLANDS - Pensions regulator De Nederlandsche Bank has fined Dutch pensions provider and asset management firm Mn Services for trying to “illegally” obtain information about participants of industry-wide schemes for additional insurance services.
News
Pension funds gain access to deficit insurance

2007-09-24T14:30:00Z

[15:30 CEST 24-09] UK – A company is set to launch in the UK which offers defined benefit pension schemes a form of insurance to cover their pension deficits.
News
Italy’s second pillar flourishes under TFR

2007-09-24T14:45:00Z

[15:45 CEST 24-09] ITALY – Subscriptions to the Italian second pillar doubled to 2.7 million accounts in the first half of this year, the Italian pension fund regulator, Covip has announced.
News
Royal Mail hits back at pensions strike action

2007-09-24T15:15:00Z

[16:15 CEST 24-09] UK – Royal Mail has criticised plans by its staff to strike over the future of the company pension fund and other employment terms.
News
Glitnir signs up to SuperDerivatives

2007-09-24T15:45:00Z

[16:45 CEST 24-09] EUROPE – Scandinavian asset management and banking group Glitnir is adopting the SuperDerivatives multi-asset derivatives pricing and analytics platform to all of its foreign exchange currency and equity options.
News
DNB embarks on fining spree

2007-09-25T13:15:00Z

[14:15 CEST 25-09] NETHERLANDS - Dutch insurer Achmea is the latest company to be hit with a fine from pensions regulator De Nederlandsche Bank (DNB) for reportedly violating Dutch law on corporate pension funds’ use of member data.
News
Pensions Corporation buys out Telent shell

2007-09-25T13:30:00Z

[14:30 CEST 25-09] UK – Edmund Truell’s Pension Corporation has agreed a £400m (€570.5m) takeover bid with Telent plc, the UK telecoms equipment making arm of the Marconi group.
News
Dutch insurers claim 18% of second pillar

2007-09-25T14:00:00Z

[15:00 CEST 25-09] NETHERLANDS - Life insurers built up an 18% share of the second pillar pensions market by 2005, the Dutch Centre for Insurance Statistics, or CVS, has claimed.
News
ABP to double microfinance holdings again

2007-09-25T14:30:00Z

[15:30 CDEST 25-09] NETHERLANDS – Major Dutch pension fund ABP expects to increase its investments in microfinance from $20m to around $40m (€28.4m) by the end of this year.
News
Northern Rock faces class action scrutiny

2007-09-25T15:00:00Z

[16:00 CEST 25-09] UK – FTSE 100-listed company Northern Rock could yet be the subject of a shareholder class action suit over the management’s reactions to its financing position in the August credit crunch.
News
Series of new ETFs enter the market

2007-09-25T15:30:00Z

[16:30 CEST 25-09] GLOBAL – Exchanges-traded funds providers ETF Securities and Lyxor have unveiled additions to their London-listed futures offerings, covering the commodities and Japanese markets.
News
eShare to set up online trustee forum

2007-09-25T15:30:00Z

[16:30 CEST 25-09] UK – eShare, a UK provider of web-based governance tools, is setting an online discussion forum for pension fund trustees.
News
ACA urges government to introduce pension reform

2007-09-25T15:33:00Z

[16:33 CEST 25-09] UK – The Association of Consulting Actuaries (ACA) is urging the UK government to encourage risk-sharing schemes by introducing legislative reforms.
News
Wednesday people update

2007-09-26T10:00:00Z

[11:00 CEST 26-09] GLOBAL – People moves roundup: Permira, Caceis, BlackRock, State Street, Watson Wyatt, BNP Paribas, NBIM, Fortis, Investec, Millennium Global Investments, Premier Pensions Management, Morse, Nordea.
News
Buyout 'confederation' attacked by Pensions Regulator

2007-09-26T13:00:00Z

[14:00 CEST 26-09] UK – The Pensions Regulator has criticised officials of a new defined benefit pensions buyout operation for suggesting the occupational pensions watchdog endorses its new operation and for making misleading statements about the regulatory status of schemes using its offering.