All IPE articles in September 2008 (Online) – Page 6
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NewsLugano fund sacks president
[16:50 CEST 12-09] SWITZERLAND – The Pension fund for employees of the City of Lugano (CPCL) has sacked Giuliano 'Nano' Bignasca as president of its executive board.
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NewsPPF seeks support for research series
[16:40 CEST 12-09] UK – The Pension Protection Fund is looking to hire a firm to conduct market research and public opinion polls on behalf of the UK corporate pension lifeboat.
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NewsPioneer’s FoHF team suffers resignations
[16:15 CEST 12-09] US/IRELAND – Pioneer Investments has been forced to confirm nine people have resigned from its fund of hedge funds team but the firm is seeking to reassure clients it is business as usual.
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NewsLothian re-tenders transition management
[15:30 CEST 12-09] UK – Edinburgh Council is reviewing its current arrangements for a transition manager on behalf of three authority-run pension schemes.
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NewsDutch funds intensify Brussels lobby efforts
[14:45 CEST 12-09] NETHERLANDS – Mn Services is the latest of Dutch pension providers to intensify its presence in Brussels, as several pension funds and providers have already appointed lobbyists in the administrative centre of the EU, IPE has learnt.
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NewsIASB and FASB convergence edges closer
[16:30 CEST 11-09] GLOBAL – The International Accounting Standards Board (IASB) and US Financial Accounting Standard Board (FASB) have updated their Memorandum of Understanding (MoU) concerning joint projects and likely convergence, and effectively confirmed the US’ move to follow international financial reporting standards (IFRS).
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News€2.2bn Ahold fund fishes for private equity beyond Europe
[16:15 CEST 11-09] NETHERLANDS – The €2.2bn pension fund of giant Dutch food retailer Ahold has extended its private equity investments with a €140m fund of funds mandate to be managed by Credit Suisse.
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NewsDutch fund seeks global non-listed real estate
[16:00 CEST 11-09] NETHERLANDS – A Dutch pension fund is looking for a global multi-manager to invest €250m in non-listed real estate funds, using IPE-Quest.
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NewsUK gov't discusses plans for surplus refunds
[15:45 CEST 11-09] UK – The UK government has confirmed it has issued an "informal discussion paper" in which it looks at the possibilities for allowing more flexibility for pension schemes to refund surpluses to employers.
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NewsThird of employers unsure of 2012 response
[15:15 CEST 11-09] UK – The National Association of Pension Funds (NAPF) has warned a third of organisations operating UK occupational schemes do not know what to do with their existing arrangements in response to the UK pension reforms, despite the implementation date being less than four years away.
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NewsMerseyside seeks admin provider to revamp systems
[15:00 CEST 11-09] UK – The £4.3bn (€5.4bn) Merseyside pension fund is seeking a pensions administration and pension payroll provider to update its computer systems.
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NewsScotland to pay police and fire pensions' changes
[14:30 CEST 11-09] UK – The Scottish government has pledged £32m (€40m) to meet the extra cost of revised pension arrangements for Scottish police and firefighters, after claiming the UK Treasury refused to fund the changes.
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NewsNorway appoints actuary for pension reform
[14:15 CEST 11-09] NORWAY – The Ministry of Labour and Social Inclusion has entered into an agreement with an actuarial firm to provide consultancy services in connection with the ongoing pension reforms.
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NewsBonus focuses on SRI in 'dark times'
[14:00 CEST 11-09] AUSTRIA – The smallest of the Austrian multi-employer pension funds is upping its sustainability investments in a year which the new chairman at Bonus Pensionskasse, Peter Deutsch, describes as 'rather dark'.
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NewsBoNY Mellon merges Iberian AM
[17:00 CEST 10-09] IBERIA – Bank of New York Mellon Asset Management’s Spanish, Portugese and Andorran operations are merging with WestLB Mellon Asset Management to create a “single point of contact”.
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NewsOver two-thirds of FTSE350 paid 'special' contributions
[17:00 CEST 10-09] UK – The number of FTSE350 companies making special additional contributions to their pension schemes has risen for the third year in a row from 58% to 66% in 2008, Mercer Consulting has revealed.
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NewsAon hires new German CEO to push business
[16:55 CEST 10-09] GERMANY – Marco Arteaga, the chairman of the management board of Mercer Deutschland, has been appointed the new chief executive of Aon Consulting in Germany.
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NewsLehman Bros overhauls firm after $3.9bn loss
[16:55 CEST 10-09] GLOBAL – Investment banking giant Lehman Bros is separating its commercial real estate business as a new listed entity and selling a majority stake in its investment management division after yet more writedowns generated a third-quarter net loss of $3.9bn (€2.76bn).
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NewsSwiss study suggests change to pension age and VAT
[16:45 CEST 10-09] SWITZERLAND – A study produced by the Swiss social ministry has recommended raising the VAT rate and getting rid of the statutory retirement age could help the Swiss pension system to remain sustainable.
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NewsHymans replaces Mercer as Northants actuary
[14:30 CEST 10-09] UK – Northamptonshire County Council has appointed Hymans Robertson to provide actuarial services to the local government pension scheme, following a decision earlier this year to split the contract for investment and actuarial services.
