All IPE articles in September 2009 (Online) – Page 4
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NewsFSP and Lægernes roll-out DC plans
[16:00 CEST 18-09] DENMARK - Pension funds FSP and Lægernes are the latest in Denmark to create new defined contribution schemes to allow more members to take on more risk themselves rather than sticking to the safety of the traditional guaranteed return schemes.
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NewsDNB: Dutch pension funds underestimate risk
[11:50 CEST 18-09] NETHERLANDS – The pensions supervisor De Nederlandsche Bank (DNB) says that a number of pension funds are underestimating the risk they are exposed to in their investment policies. This was made public at the yearly gathering of pension funds managers organised by DNB, held yesterday.
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NewsUK regulators pushes for more employer interaction
[17:10 CEST 17-09] UK – Employers are being encouraged by UK regulators to become more involved in the promotion of occupational pension schemes to employees in the run-up to auto-enrolment regulations in 2012.
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NewsCourt strengthens insurance-based pension terms
[17:05 CEST 17-09] GERMANY – A German court has ruled that charging upfront fees related to setting up a life insurance contract for corporate pensions is only partly within the legal framework for occupational pensions.
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NewsPremiesparfonden outperforms average PPM fund
[17:00 CEST 17-09] SWEDEN – The Swedish pension default fund Premiesparfonden, run by Sjunde AP-fonden (AP7), has outperformed the average fund in the Premium Pension System (PPM) with a return of 23.2% in the eight months of 2009.
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NewsHigh 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 ...
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NewsInvestors 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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NewsOECD 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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NewsAggregate 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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NewsPensions 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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NewsBPK 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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NewsSBZ 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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NewsManager 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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NewsWednesday 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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NewsUnions 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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NewsBrent 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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NewsIcelandic 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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NewsRisk 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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NewsPension 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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NewsUBS 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.
