All IPE articles in September 2008 (Online) – Page 5
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NewsMontae signs up to governance research venture
[17:10 CEST 16-09] NETHERLANDS – Montae, the Dutch pensions consulting and law firm, is working with the Corporate Governance Insights Centre of the University of Groningen (RUG) to help pension funds define good fund governance.
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NewsContract-based DC least likely to assess risks
[17:10 CEST 16-09] UK – Contract-based pension plans are the least likely to carry out a risk assessment despite previous warnings from the regulator, consultancy firm Watson Wyatt has found.
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NewsStrathclyde targets absolute return bonds
[17:10 CEST 16-09] UK – Strathclyde Pension Fund intends to initiate a search for an absolute return bond manager as part of a review of its fixed income strategy following underperformance by existing managers.
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NewsCentral banks pump money markets as AIG shares spiral (amended)
[17:05 CEST 16-09] GLOBAL – Central banks injected huge sums of money into the capital markets today in a bid to prevent from liquidity from seizing up but turbulence in the markets is still driving the price of equities down and bonds prices up as all eyes are now on ...
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NewsEC cautious on IASB moves
[16:10 CEST 16-09] EUROPE – The European Commission (EC) has stated it expects the International Accountancy Standards Board (IASB) to proceed with extreme caution in the implementation of improvements to IAS19 accounting standards planned for 2011.
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NewsBlackRock will stay independent
[16:05 CEST 16-09] GLOBAL – BlackRock, the asset manager half-owned by US investment bank Merrill Lynch, today said it will remain independent even after retail house Bank of America (BoA) has picked up its 50% stake in the operation through its proposed acquisition of Merrill.
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NewsVervoer applies TAA but divests 'activist' hedge funds
[16:00 CEST 16-09] NETHERLANDS - The €6.4bn pension fund for private road transport has allocated to a tactical asset allocation strategy, as well as investing in commodities and infrastructure in its bid to adjust to changed market conditions.
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NewsÖPAG halts cross-border plans
[15:45 CEST 16-09] AUSTRIA – Differences in labour and social laws across Europe are slowing down Austrian Pensionskasse ÖPAG's plans to go cross-border, IPE has learnt.
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News6% Finnish pensioners below poverty line
[15:45 CEST 16-09] FINLAND – Around 6% of pensioners in Finland rely solely on the national pension in retirement, even though a full pension provides less than half of the median income of 60% - putting them below the poverty line, the Ministry of Social Affairs and Health has revealed.
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NewsLehman Brothers bankruptcy sparks Monday meltdown
[17:10 CEST 15-09] GLOBAL – Pension funds have moved quickly to assess their financial positions today following the Chapter 11 insolvency investment banking giant Lehman Brothers’ voluntary and Bank of America’s takeover of Merrill Lynch, but many are also being advised the unwinding of financial positions could significantly affect asset ...
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NewsAMF Pension seeks new investment head
[16:30 CEST 15-09] SWEDEN – AMF Pension is looking for a new chief investment officer following Sarah McPhee appointment as the new chief executive of Nordic pension provider SPP.
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NewsTPR seeks consultants for specialist disciplines
[15:20 CEST 15-09] UK – The Pensions Regulator (TPR) is seeking a number of specialist consultants in at least five areas including actuarial services and branding, as part of a new framework agreement.
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NewsSwedish buffer funds exclude cluster bomb investment
[16:15 CEST 15-09] SWEDEN – Four AP-funds have agreed to divest from companies involved in the manufacture and sale of cluster munitions following a recommendation by the Ethical Council of the Swedish National Pension Funds.
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NewsProfond goes international
[16:00 CEST 15-09] LIECHTENSTEIN – Swiss retirement service provider B+B, which runs the Profond Pensionskasse, has set up a subsidiary in Liechtenstein in a bid to target international clients.
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NewsCharity Pensions Trust goes down buyout route
[15:45 CEST 15-09] UK – The £3.9bn (€4.9bn) Pensions Trust has tapped UK buyout company Paternoster to secure £225m worth of pension assets of its occupational Growth Plan pension scheme.
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NewsBarclays fund taps CIO to boost performance
[15:00 CEST 15-09] UK – The £18bn (€22.7bn) UK retirement fund of retail bank Barclays has appointed ex-F&C man Tony Broccardo as its first chief investment officer (CIO), in a bid to create “a world-class pension scheme”.
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NewsIASB proposals could force status change for BASF pensions
[14:45 CEST 15-09] GERMANY - German multinational BASF AG has revealed around 95% of its active-member pension obligation will shift to the IASB's proposed fair value pension measure, if the standard-setter's recently-published proposals to reform pension accounting become GAAP.
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NewsJürg Maurer leaves Rieter fund
[17:10 CEST 12-09] SWITZERLAND – The pension fund of Swiss textile company Rieter is losing its portfolio manager Jürg Maurer as he is leaving to set up his own asset management business.
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NewsDNB wades into the IFRS pensions campaign
[17:05 CEST 12-09] NETHERLANDS – De Nederlandse Bank (DNB), the Dutch central bank and pensions regulator, has confirmed it is contributing to Dutch efforts to limit the impact proposed changes to the international accounting standards rules could have on the Dutch pension system.
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NewsWatson Wyatt warns of Belgian pension crisis
[16:55 CEST 12-09] BELGIUM – Belgian employers over-estimate the benefits they provide to their employees so failure to take appropriate measures could result in a pension crisis, consultancy firm Watson Wyatt warned today.
