All IPE articles in September 2010 (Online) – Page 2
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NewsSibbing to leave as chair of Dutch association OPF
NETHERLANDS – Gerard Rutten is set to take over from Loek Sibbing as chairman of the Dutch association for company pension funds (OPF) on 11 November, the association has announced.
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NewsEU reaches agreement on Systemic Risk Council
EUROPE – The European Union has reached an agreement on reforms in the financial sector with the creation of a European Systemic Risk Council and three new supervisors covering banking, insurance and securities markets.
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NewsABP calls on Dutch government to ditch mandatory discount rate
NETHERLANDS – The €218bn Dutch public servant fund ABP has warned that continued use of the mandatory discount rate for pension liabilities may hamper recovery of its funding ratio, possibly leading to benefit cuts.
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NewsNAPF hires HMT's Philp as policy director
UK – The National Association of Pension Funds (NAPF) has hired Darren Philp as director of policy from HM Treasury.
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NewsAberdeen touts emerging market debt despite lack of research
GLOBAL – Pension funds should not wait for emerging market debt to become more researched and re-valued, but look to invest now that yield spreads are still attractive, according to Aberdeen.
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NewsDutch real estate survey highlights investor 'sophistication'
NETHERLANDS – The latest Investor Universe Netherlands survey shows the Dutch institutional real estate market is large, sophisticated and with considerable overseas exposure.
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NewsTowers Watson acquires Swedish consultancy HRS
EUROPE – Towers Watson has acquired HRS, a Swedish-based consultancy specialising in executive compensation, for an undisclosed sum.
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NewsUK roundup: PwC, Pension Protection Fund, Club Vita
UK – PricewaterhouseCoopers (PwC) has announced the closure of its two defined benefit schemes, which have a combined deficit of £164m.
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NewsSchroders' head of real estate multi-manager resigns
UK – Jenny Buck, head of Schroders' real estate multi-manager business, has resigned and will be replaced by Graeme Rutter and Rob Bingen.
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NewsCPI switch could decrease deferred liabilities by 7.9% for a typical UK scheme
UK – Calculating pension increases according to the consumer price index (CPI) would reduce liabilities for deferred members by around 7.9% for a typical UK scheme, according to PensionsFirst.
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NewsUS, European pension groups join forces on IAS 19 feedback
EUROPE – Four pension associations in the US and Europe have confirmed they will respond jointly to the London-based International Accounting Standard Board's proposals for accounting rules for pensions under IAS19.
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NewsGerman roundup: BVI, Delta Lloyd
GERMANY – Inflows into Spezialfonds are set to exceed 2009’s total volume, according July figures released by the investment and asset management association BVI.
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NewsMandate roundup: East Riding, State Street Global Advisors, Franklin Templeton
GLOBAL – The East Riding of Yorkshire Council is looking to hire a full actuarial and benefit consultancy services firm for the £1.6bn (€1.7bn) East Riding Pension Fund (ERPF), part of the Local Government Pension Scheme.
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NewsSwiss Canton considers loan for pension fund to boost investments
SWITZERLAND – The finance department for the Swiss canton of Basel-Land is considering a loan to regional public pension fund BLPK in an effort to boost its investments as part of a recovery plan.
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UK roundup: Philips, 5% investment caps [updated]
UK – Philips today announced the sale of its stake in chipmaker NXP to its UK pension fund as part of a funding proposal agreed with the the UK scheme trustees.
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Henderson faces lawsuit from 30 pension funds
UK – A group of 30 pension funds is threatening to sue Henderson Group, if it fails to pay substantial compensation for losses incurred by an infrastructure fund, which they claim was promoted as a low risk investment.
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NewsDeadline for DB funding proposals looms in Ireland
IRELAND – Pension scheme funding proposals are being rejected by Ireland's Pension Board ahead of the November deadline, a consultant at Hewitt Associates has said.
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NewsDutch roundup: DIF
NETHERLANDS – DIF Infrastructure II has closed at €571m, comfortably exceeding its target of €500m.
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AP Pension sees surge in contributions, returns of 10% in first half of 2010
DENMARK – Contributions at Danish commercial provider AP Pension soared by 39% in the first half of this year, while its investment return outstripped those seen at all major rivals, according to AP Pension.
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NewsGerman occupational pensions still financial burden for SMEs – Kienbaum
GERMANY – Only 50% of German SMEs offer occupational pensions to directors, research by Kienbaum consultancy has found, and they do not anticipate this to change soon.
