All IPE articles in September 2007 (Online) – Page 8

News
E-Quality suggests solution to retired migrant poverty

2007-09-26T13:30:00Z

[14:30 CEST 26-09] NETHERLANDS - A mandatory pension for every worker could help to provide migrants with a reasonable pension at retirement, E-Quality, the Dutch knowledge centre for emancipation, family and diversity, has claimed.
News
Smiths Group sees improved pensions surplus

2007-09-26T14:00:00Z

[15:00 CEST 26-09] UK – Smith Group, a specialist supplier of detection equipment for airport security, has more than doubled its funded pension schemes surpluses and pulled increased the value of its UK fund to almost £3bn (€4.5bn).
News
China seeks retirement guidance from Pensions Trust

2007-09-26T15:00:00Z

[16:00 CEST 26-09] UK/China – A delegation of Chinese government officials has met with officials at the UK’s Pension Trust to discuss how it might apply lessons learned from the European management of retirement provision.
News
Pension funds predicted to hit £35bn OTCs use

2007-09-26T15:25:00Z

[16:25 CEST 26-09] UK – Pension funds’ use of derivatives is continuing to grow rapidly and the use of over-the-counter (OTC) transactions is expected to almost double by the end of 2007 compared with last year, suggests data from consultancy firm Watson Wyatt.
News
Swiss Life chooses Holland for assets base

2007-09-26T15:45:00Z

[16:45 CEST 26-09] NETHERLANDS - Swiss Life Asset Management (SLAM) has moved a sizable chunk of its assets to the Netherlands because it claims the present legal structure for investment funds is considerably cheaper than the Luxembourg framework.
News
EDHEC warns of Solvency II liquidity danger

2007-09-26T16:00:00Z

[17:00 CEST 26-09] FRANCE – Introduction of IFRS standards and Solvency II on insurance companies are more likely to increase liquidity risk on investment markets than tightening the regulation of hedge funds, according to EDHEC business school.
News
Pension reform unnecessary, says one half of gov’t

2007-09-27T10:00:00Z

[11:00 CEST 27-09] AUSTRIA - The government coalition is split over a decision by the pension commission stating no reform of the retirement system is currently necessary.
News
EC takes portability directive forward

2007-09-27T11:00:00Z

[12:00 CEST 27-09] EUROPE – The European Commission (EC) is breathing live into the recently-shelved EU pensions portability directive again through new proposals to the European Parliament.
News
IPE Quest: German fund seeks TAA and debt

2007-09-27T11:45:00Z

[12:45 CEST 27-09] EUROPE – A German fiduciary manager is tendering two European tactical asset allocation (TAA) and fixed income investment mandates on behalf of a German pension fund (CTA), using IPE Quest.
News
IPE-Quest: Dutch fund seeks Euro equities

2007-09-27T12:45:00Z

[13:45 CEST 27-09] NETHERLANDS – A Dutch corporate pension fund is seeking a pan-European equities manager for a $70m-150m (€50m-105m) mandate, using IPE-Quest.
News
Norway Petroleum to up equities by 50%

2007-09-27T13:30:00Z

[14:30 CEST 27-09] NORWAY - The Norwegian petroleum fund will increase its equity allocation from 40% to 60%, according to its executive director Knut Kjaer.
News
ABP considers move into age-based investment

2007-09-27T15:00:00Z

[16:00 CEST 27-09] NETHERLANDS – ABP, the €215bn Dutch pension fund giant, is looking at the possibility of moving into age-related investments, according to chief investment officer Roderick Munsters.
News
Study admits statutory Swiss pensions governance needed

2007-09-27T15:30:00Z

[16:30 CEST 27-09] SWITZERLAND – Self-regulatory pension fund governance may not be strong enough to protect pensions in Switzerland, suggests a pension fund study published by Swisscanto.
News
Towers Perrin warns of DB scheme closures

2007-09-27T15:45:00Z

[16:45 CEST 27-09] EUROPE – The forces of driving down costs and risks, as well as cross-border pensions harmonisation, are likely to lead to the withdrawal of defined benefit schemes for existing employee groups, consultancy firm Towers Perrin has suggested.
News
Lovells enters the class action fray

2007-09-27T16:00:00Z

[17:00 CEST 27-09] EUROPE – Lovells, the UK pensions law specialist, is creating its own class action unit to support pension funds seeking securities class actions.
News
Solvency II is a ‘devil in disguise’ – Maassen

2007-09-28T11:30:00Z

[12:30 CEST 28-09] EUROPE – Solvency II will load a very high cost on European occupational pension schemes, according to Jaap Maassen, chairman of the European Federation for Retirement Provision (EFRP).
News
USS cuts costs through commission recapture

2007-09-28T12:00:00Z

[13:00 CEST 28-09] UK – The Universities Superannuation Scheme (USS) pension fund expects to reduce its administration costs by around £750,000 (€1.07bn) a year by applying a commission recapture programme to its trading.
News
One in four firms consider cross-border pension

2007-09-28T12:30:00Z

[13:30 CEST 28-09] EUROPE - A quarter of large European company pension funds are thinking of introducing pan-European pension plans within the next 10 years, consultancy Towers Perrin has claimed.
News
Gottex wins new local authority mandate

2007-09-28T13:00:00Z

[14:00 CEST 28-09] UK – Lancashire County Council pension fund has hired Gottex Fund Management to manage a £100m (€143m) fund of hedge funds (FoHFs).
News
AXA wins €600m mandate from Cosun schemes

2007-09-28T13:30:00Z

[14:30 CEST 28-09] NETHERLANDS - Three pension funds of food producer Royal Cosun have awarded AXA Investment Managers with a €600m fiduciary mandate.