All IPE articles in September 2008 (Online) – Page 8
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News
European pension assets rise 5.7% to €3.7trn
[16:30 CEST 05-09] EUROPE – Market turbulence and its effect on the global economy has overshadowed pension fund performance in the past year, as results of Investment & Pensions Europe’s Top 1000 Pension Funds survey 2008 shows assets of the largest schemes have risen, but the growth of pensions assets ...
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News€2.8bn media fund fancies alternatives
[16:10 CEST 05-09] NETHERLANDS – Officials at the Dutch pension fund PNO Media say they see fresh opportunities in investing in alternatives so plan to allocate another 5% of assets to this investment asset class this year.
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NewsSiemens to create single manager selection platform
[15:45 CEST 05-09] GLOBAL – The German electronics giant Siemens is working towards organising a single platform from its base in Munich for the asset manager selection of its various pension funds globally.
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NewsSwedish pensions maintain capital buffers
[15:30 CEST 05-09] SWEDEN – The Finansinspektionen (FI), Sweden's Financial Supervisory Authority, has confirmed no insurance company has received a red light under the traffic light system, despite the recent market volatility.
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Reforms to close two-thirds of small firm pensions
[15:15 CEST 05-09] UK – Over 60% of small employers believe the introduction of personal accounts and auto-enrolment will lead to an increase in the closure of existing schemes, according to the Association of Consulting Actuaries (ACA).
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News
Irish pension coverage fails to hit target
[15:00 CEST 05-09] IRELAND – The Irish government has been accused of failing to meet its pension coverage targets, as latest figures from the Central Statistics Office (CSO) revealed take-up among the key age group is just 61%.
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News
Oliver Wyman appointed to create 'fair' PPF levy
[14:45 CEST 05-09] UK – The Pension Protection Fund (PPF) has appointed Oliver Wyman to help develop a new formula for the calculation of the pension scheme levy.
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€1.8bn German Verka fund divorces executives
[14:30 CEST 05-09] GERMANY – The supervisory committee of the Pensionskasse Verka, the €1.8bn German Evangelical Church fund, has sacked its executives Bernd Kühlein and Wolfgang Völkers following a special meeting on Tuesday.
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News
Resolution rebranding to spark wider pensions push
[17:05 CEST 04-09] EUROPE – Resolution Asset Management is rebranding as Ignis Asset Management and has plans to widen its appeal to European pension funds by harnessing the talents of its former Dutch pension fund experts at sister company Axial Investment Management.
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News
Industriens Pension returns -3.2%
[17:00 CEST 04-09] DENMARK – Falling equity markets caused the DKK49.3bn (€6.6bn) Industriens Pension to report a loss of 3.3% for the first half of 2008.
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News
Employers oppose IASB changes to P&L reporting
[16:55 CEST 04-09] GLOBAL – A study of European companies has found over 80% believe a proposal by the International Accounting Standards Board (IASB) to immediately recognise changes in the value of a pension plan's assets and liabilities on financial statements is "inappropriate".
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News
Governance statement is 'tick-box exercise'
[16:50 CEST 04-09] UK – The Governance Compliance Statement proposed by the Department of Communities and Local Government (CLG) is likely to become “a simple tick-box exercise” for pension schemes, according to consultancy firm Mercer.
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News
Swiss investor to award €70m equity mandate
[16:50 CEST 04-09] SWITZERLAND - A Swiss institutional investor is looking for managers for a $100m (€70m) Canadian equity all-cap value mandate, using IPE Quest.
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News
SWFs agree governance and investment rules
[16:45 CEST 04-09] GLOBAL – The Sovereign Wealth Funds (SWF) International Working Group (IWG) has reached a "preliminary agreement" on a set of voluntary practices and principles to be presented to the International Monetary Fund (IMF) in October.
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News
Irish funds down 18.5% despite August rally
[16:35 CEST 04-09] IRELAND – Equity rallies helped Setanta Asset Management record the best return for Irish managed pension funds in August, although the sector is still down 18.5% over the last 12 months, Rubicon Investment Consulting has revealed.
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News
Pension funds far from banning the bomb
[16:25 CEST 04-09] NETHERLANDS – The Dutch Campaign Against Arms Trade (CtW) pressure group has lashed out at claims suggesting pension funds in the Netherlands are radically excluding the weapon industry from their investment portfolios.
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News
AP4 splits passive global equity mandate into three
[17:00 CEST 03-09] SWEDEN - Fjärde AP-fonden (AP4), the fourth Swedish national pension fund, has split its passive global equity mandate between three managers.
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News
Nordea predicts 'cushioned' Nordic slowdown
[16:45 CEST 03-09] NORDIC/EUROPE – Economists for Nordea, the Nordic bank, have lowered their forecasts of economic growth in the region following the global economic slowdown, although it claimed the downturn would be "relatively cushy".
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News
Bavarian cooperative fund spreads its wings
[16:30 CEST 03-09] GERMANY – The €270m pension fund of the Bavarian cooperative Pensionskasse der Genossenschaftsorganisation VVaG has said it will expand beyond its Bavarian borders to target companies across the whole of Germany.
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News
TPR urged against 'last minute' changes to CETVs
[16:25 CEST 03-09] UK – The Pensions Regulator (TPR) has been urged not to make any 'last minute changes' to draft guidance on calculating cash equivalent transfer values (CETVs), to trustees time to put a policy in place before the new regulations come into force in October.
