All IPE articles in September 2009 (Online) – Page 4
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News
Dutch pension fund investments rose by 4.5% in Q2
NETHERLANDS – The investment portfolios of Dutch pension funds increased in value by 4.5% (€25bn) in the second quarter, according to latest figures from De Nederlandsche Bank (DNB).
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TPR seeks expert advice to help investigations
[17:10 CEST 14-09] UK – The Pensions Regulator (TPR) is offering six contracts for expert services including actuarial and risk management advice, to aid in its investigations of serious governance, investment or funding issues.
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Northumberland scheme improves by £30m in Q2
[17:30 CEST 14-09] UK – The value of the Northumberland County Council pension fund increased by more than £30m (€34.1m) in the second quarter.
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Two-thirds of UK workforce ‘unpensioned’ - TUC
[17:35 CEST 14-09] UK - Coverage of defined contribution (DC) schemes is not growing fast enough to fill the gap left by the continuing closure of defined benefit (DB) schemes, leaving two-thirds of the private sector workforce without a pension, according to data from the Trades Union Congress (TUC).
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75% of fund managers expect fall in active fees
[17:45 CEST 14-09] GLOBAL - Three-quarters of fund managers expect the fees for active asset management to reduce this year, according to a survey conducted by Skandia Investment Group (SIG).
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UBS pension fund in need of new head
[16:00 CEST 15-09] SWITZERLAND – Christoph Schenk, chief executive of the CHF19bn (€12.6bn) UBS pensionskasse, will leave his position on October 1, IPE has learnt.
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News
Pension funds still wary of fiduciary management - survey
[16:10 CEST 15-09] GLOBAL – Very few pension fund professionals plan to outsource the running of their fund to a fiduciary manager, suggest the findings of a survey by bfinance, the manager search consultancy.
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Risk management must incorporate ‘human biases’ - paper
[16:25 CEST 15-09] GLOBAL – Risk managers are being advised to take more notice of the ‘human’ element when investing in the financial markets, as white paper research suggests economic theory cannot truly work unless it incorporates human emotional traits.
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Icelandic pensions to set up specialist fund
[16:30 CEST 15-09] ICELAND – Icelandic pension funds are in the process of finalising details of the Icelandic Investment Fund (IIF), which will invest in domestic businesses that have suffered in the economic crisis.
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News
Brent moves into infrastructure
[16:45 CEST 15-09] UK – The London Borough of Brent has awarded a £25m (€28.2m) infrastructure mandate to Alinda Capital Partners as part of a diversification investment strategy.
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News
Unions want Norway-Global to review Nestlé
[17:15 CEST 15-09] NORWAY – Norwegian trade unions are urging the Ministry of Finance to examine whether the government pension fund's investments in Nestlé are "compatible" with the fund's ethical guidelines.
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Wednesday people roundup
[13:00 CEST 16-09] GLOBAL – Northern Trust, Russell Investments, Aviva Investors, Aon Consulting, Buck Consultants, Laven Partners, Prupim, ICAP, Campbell Lutyens
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News
Manager risk appetite yet to match macro optimism
[16:00 CEST 16-09] GLOBAL – Fund managers remain optimistic about the macro environment as less than a third now believe the global economy is in recession, however 72% expect to see "below trend growth and inflation" over the next 12 months, the latest monthly survey from Merrill Lynch has revealed.
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News
SBZ completes investment outsourcing in tough market
[16:00 CEST 16-09] NETHERLANDS – SBZ, the €2.3bn pension fund for health insurance employees, has completed the final stage of its outsourcing to Russell Investments and moved its indirect real estate holding to the asset manager, following a sale of its direct domestic holdings.
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News
BPK scraps additional contributions
[16:15 CEST 16-09] SWITZERLAND - The CHF7.9bn (€5.2bn) Bernische Pensionskasse (BPK) has reviewed its recovery plans and will reduce its interest rate paid to members from January, just as regular contributions will rise.
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News
Pensions Ombudsman maintains legal pressure on employers
[16:40 CEST 16-09] IRELAND – The Pensions Ombudsman is continuing to place pressure on employers to co-operate with its investigations and comply with pensions obligation, after attaining the successful prosecution of another employer in the construction industry.
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News
Aggregate FTSE 250 pension deficit hits £12bn
[17:00 CEST 16-09] UK – The total deficit of defined benefit (DB) pension schemes run by companies listed on the FTSE 250 index doubled to £12bn (€13.5bn) over the 12 months to the end of June, research from Pension Capital Strategies (PCS) has suggested.
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News
OECD pushes need for life expectancy link to pensions
[16:00 CEST 17-09] GLOBAL – Seventeen OECD countries have yet to implement some form of link to life expectancy against pensions, yet doing so might be a way for governments to convince individuals that they must bear some of the cost of providing for retirement, suggests a report delivered by an OECD pensions expert.
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Investors demand stronger climate treaty
[16:10 CEST 17-09] GLOBAL - Investors responsible for more than $13trn (€8.8trn) in assets have called for strong action from policymakers in the fight against climate change.
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High yield debt defaults are at peak - Threadneedle
[16:55 CEST 17-09] GLOBAL – Asset owners looking tap high yield bond opportunities created by the credit crunch may have missed the best returns, according to asset management Threadneedle, as a predicted fall in default rates from the beginning of next year is likely to lead to a tightening of ...
