All IPE articles in September 2009 (Online) – Page 5
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News
Premiesparfonden 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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News
Court 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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UK 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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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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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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NewsESG equals fiduciary duty, says IPE survey
[16:15 CEST 18-09] EUROPE - Environmental, social and governance (ESG) issues are part of fiduciary duty for the majority of the respondents to an IPE survey.
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NewsIcelandic pension funds lost 21.78% in 2008
[16:30 CEST 18-09] ICELAND – The real rate of return for Icelandic pension funds was -21.78% in 2008, while the value of net assets dropped by 6% to ISK1.6trn (€8.8bn), the Icelandic Financial Supervisory Authority (FME) has revealed.
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NewsDanish teachers fund invests 7% in forestry
[16:32 CEST 18-09] DENMARK - Lærernes Pension, the Danish teachers’ pension fund, has announced it now has almost 7% of assets invested in forestry, or DKK2bn of its DKK30bn AUM. The investment may now make it the most significant European institutional investor in the asset class in terms of asset ...
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NewsUK proposes flexibility on employer debt rules
[16:38 CEST 18-09] UK - Rules on how companies pay money into their pension schemes when they restructure may change under government proposals announced yesterday.
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News
Personal accounts could lead to mis-selling, claims think tank
[16:15 CEST 21-09] UK – The introduction of UK personal accounts could increase the risk of the UK population being missold pensions unless key changes are made to help deliver great returns and flexibility at retirement, a right-wing UK think tank has claimed.
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NewsUK pensions 'quality' standard requires twice 2012 minimum
[16:25 CEST 21-09] UK – A new pensions quality mark for defined contribution (DC) schemes has been developed by the National Association of Pension Funds (NAPF) which requires a minimum contribution of 10% with at least 6% from the employer - double the statutory minimum under the 2012 reforms.
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News
Applying ESG to alternatives is tricky, reveals IPE survey
[16:30 CEST 21-09] EUROPE - Integrating environmental, social and governance (ESG) issues into alternative asset classes seems to be difficult, the findings of an IPE survey suggest.
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News
Investor to target global alternatives
[16:45 CEST 21-09] IPE-QUEST – A European institutional investor is venturing into global alternative investments and is looking to hire a suitable manager, using IPE Quest.
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News
Havering seeks actuary as DCFS re-tenders TPS admin
[16:50 CEST 21-09] UK – The London Borough of Havering is tendering for an actuarial provider to carry out the triennial valuation of its £283.7m (€313.5m) pension fund in March 2010.
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NewsLatvia retirement age to reach 65 by 2021
LATVIA – The retirement age in Latvia will gradually increase to 65 by 2021 at the rate of half a year annually, as part of reforms to the pension system.
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NewsPNO Media makes Principal decision over GEM equity
[16:00 CEST 22-09] NETHERLANDS – PNO Media, the €2.543bn pension fund for the media, has appointed Principal Global Investors to manage a global emerging markets equity mandate.
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NewsGenerali finalises AMB Pensor merger
[16:05 CEST 22-09] GERMANY – The German branch of insurer Generali has completed the merger of its two pensionsfonds AMB and Pensor, to produce a €250m fund.
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News
Pensions can be delivered at 12% cost - think-tank
[17:00 CEST 22-09] UK – The pensions threshold within which personal accounts holders can save should be raised beyond the current £3,600 proposed by the government, but doing so might be beneficial to policyholders as evidence suggests pensions can be delivered for a total charge of 0.5%, according to a study conducted a policy think-tank.
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NewsBelgium may benefit from US tax on TLP profits
BELGIUM – Policy Selection Limited (PSL), the fund management group behind the Assured Fund that invests in traded life policies, is to move the administration of the fund to Belgium to limit the impact of new withholding tax rules introduced by the US.
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NewsMercer picks up a sweet contract
[17:15 CEST 22-09] IRELAND/UK - Mercer has been appointed by Lindt & Sprüngli, the Swiss chocolate manufacturer, to advise its UK and Irish businesses concerning its defined contribution pension plans and risk benefits.
