All IPE articles in September 2010 (Online) – Page 6
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NewsMansfeld to leave Union Asset Management after 20 years
GERMANY – Wolfgang Mansfeld, who sits on the board of managing directors for Union Asset Management Holding (UAMH), is set to retire next year.
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NewsPension chiefs gloomy on future of Nordic region's welfare model
EUROPE – Senior chiefs from some of Scandinavia's biggest pension funds painted a gloomy picture of the future of the Nordic social welfare model at a recent Nordic Chambers of Commerce event in London.
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NewsMandate roundup: Wandsworth, UBS, Rogge, RCM, Kensington & Chelsea, ING IM
EUROPE – The £750m (€590m) Wandsworth Borough Council pension fund, which last month awarded a mandate for global custodian to Northern Trust, has granted UBS, Rogge Global Partners and RCM three further mandates worth £400m to £600m.
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NewsSwedish roundup: Collectum, Statistics Sweden, Morningstar, Finansinspektionen, Folksam
SWEDEN – One-third of Swedes under the age of 30 believe they will have to work beyond the national retirement age of 65, according to a survey by Statistics Sweden commissioned by Collectum, the supplementary occupational pension administrator.
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NewsFriday people roundup
GLOBAL – Aon Benfield, Edmond de Rothschild Asset Management, Goldman Sachs Asset Management, LBB-Invest, Pantheon, Syz Asset Management
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NewsSwiss pension funds fret over demographic changes, poor returns
SWITZERLAND – Demographic changes and lower than expected returns have been the biggest headaches for Swiss Pensionskassen this year, according to an Ernst & Young survey.
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NewsDutch pension fund groups to merge into federation
NETHERLANDS – The three Dutch pension fund lobbying organisations have agreed to intensify their co-operation by merging their resources into a federation.
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NewsAccountants blast FTSE companies' 'secrecy' on pension risk
UK – The Institute of Chartered Accountants of Scotland (ICAS) has called for the "shroud of secrecy" surrounding pension fund risk to be lifted by FTSE100 companies.
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NewsNAPF, TUC question transparency of UK board room pensions
UK – Directors of the UK's top companies have amassed pension pots worth on average £3.8m (€3m), 26 times the average occupational pension of £8,736, according to the Trades Union Congress (TUC).
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Dutch fund PME to hire Van Markwijk as CIO
NETHERLANDS – The €22bn pension fund for the metal and electrotechnical engineering industry (PME) has appointed John van Markwijk as CIO, effective from 1 October.
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NewsAllianz plans to double real estate portfolio to €30bn
GERMANY – Allianz Real Estate is aiming to sell €1bn in small and secondary assets in Germany within 18 months as part of its ongoing project to double its portfolio to €30bn.
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NewsConsultancy sees trouble for smaller custodians in Germany
GERMANY – New regulatory requirements from the German supervisor and increasing demands from institutional investors will lead to consolidation in the local custodian market, according to Kommalpha Institutional Consulting.
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NewsPensionDanmark expands SRI portfolio with wind farm acquisition
DENMARK – Danish labour-market fund PensionDanmark is to invest DKK700m (€74m) in wind power through the part-acquisition of an offshore farm.
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NewsNordic investors rejecting 'expensive' UCITS wrapper
GLOBAL – Nordic investors do not understand why they should invest in expensive UCITS, a member of SEB's investment team has said.
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Risk management is top priority, say global investors
GLOBAL – Solving the risk management challenges they face in the next decade is the top priority for institutional investors, according to a survey by Pyramis Global Advisors, the institutional arm of Fidelity.
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NewsOECD says IAS19 changes should highlight long-term nature of DB plans
GLOBAL – The OECD has called for the International Accounting Standards Board’s (IASB) proposed changes to IAS19 to highlight the long-term nature of DB pension promises when recognising the actuarial losses of pension plans.
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NewsDutch pensions policy is 'panic football', says former minister
NETHERLANDS – Dutch pension funds are struggling with dangerously low coverage ratios and some 14 funds must cut pension benefits for members earlier than expected at the behest of the out-going minister for social affairs. Yet Willem Vermeend, social affairs minister from 2000-02, believes this is "panic football".
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NewsWednesday people roundup
GLOBAL – Acadian Asset Management, AllianceBernstein, AXA Investment Management, Hymans Robertson, Insparo Asset Management, Lombard Odier, Robeco Deutschland, Schroders.
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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.
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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.
