All articles by Barbara Ottawa – Page 90
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IPE-QUEST: €50m commodities mandate
[16:15 CET 01-11] DENMARK – Danske Capital is searching for an active long only commodity fund via IPE-Quest.
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Pension costs cripple Royal Mail profit
[16:00 CET 01-11] UK – Soaring pension fund costs reduced the profit for Royal Mail by one third over the last year.
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High inflation benefits funds not pensioners - Aon
[15:00 CET 01-11] UK – FTSE100 companies saw their pension surpluses rise to record heights on the back of rising inflation, while benefit payout increased only enough to maintain purchasing power of pensions, consultancy Aon has found.
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Steffen re-elected CEIOPS head
[16:30 CET 31-10] EUROPE – Thomas Steffen of the German financial services watchdog BaFin has been re-elected as chair of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
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BAA flies 130/30
[16:30 CET 31-10] UK – The £2bn (€3bn) defined benefit scheme of the UK airport group BAA will invest £330m in 130/30 strategy funds.
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Welsh £50m currency brief awarded
[16:15 CET 31-10] UK – The £1.36bn (€1.9bn) Council of Rhondda Cynon Taf pension fund has hired Record Currency Management for its first foray into currency investment.
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Nordic pensions pass €200m to Dr. Lübke AM
[16:00 CET 31-10] GERMANY/NORDICS – German real estate consultancy Dr. Lübke has started its new asset management operations with €200m in investments from Scandinavian pension funds, the company revealed today.
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Kingfisher goes 130/30 under new pensions head
[16:00 CET 31-10] UK – The £1.3bn (€1.9bn) The Kingfisher defined benefit scheme will now deploy a new pensions head to find a suitable manager for its move into 130/30 strategies.
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AP7 names portfolio revamp technology
[16:30 CET 30-10] SWEDEN – The Swedish buffer fund AP7 has applied the New Frontier Advisors' IT platform for its latest major strategic asset allocation review.
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Moody's predicts cross-border banking consolidation
[16:15 CET 30-10] ITALY – The incorporation of Capitalia into UniCredito was probably the last chance for a major inter-Italian consolidation in the banking sector but mergers are likely to continue cross-border, analyst group Moody's has stated.
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AP1 exits Carnegie committee in protest
[15:45 CET 30-10] SWEDEN – AP1, the largest Swedish buffer fund SEK221bn (€24bn) AP1 has withdrawn its delegate from the nomination committee at Carnegie bank, in protest against the proposed new chairman.
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Irish insurance fund to dry up from 2016 - Mercer
[16:00 CET 29-10] IRELAND – The Social Insurance Fund will accumulate a €35bn deficit by 2061 if current regulatory frameworks on retirement age and contribution rates are maintained, Mercer's most recent actuarial valuation of the fund has found.
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DC members stunned by too much choice – research
[14:30 CET 29-10] GLOBAL - Members of defined contribution (DC) schemes tend not to make a choice at all when given too many funds to choose from, two research studies have found independently.
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Pensions Board creates actuarial panel
[13:30 CET 29-10] IRELAND – The Pensions Board is seeking five to six actuarial consultancy firms for future projects.
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100,000 waiting at PPF doorstep
[13:00 CET 29-10] UK – At least 170 pension schemes in deficit are now in the assessment period, the Pension Protection Fund (PPF) disclosed in its annual report.
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Lærernes to review PFA and Bankinvest
[16:30 CEST 26-10] DENMARK - The DKK24.5bn (€3.3bn) Danish Teachers' Pension and Life (Lærernes Pension) will be reviewing its Danish equity managers.
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Outgoing gov't pulls PZU privatization
POLAND – The Polish government today withdrew an agreement to float the state-controlled insurance giant PZU on the stock market.
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Ombudsman warns pension schemes are 'misleading' members
[11:00 CEST 26-10] IRELAND - The Pensions Ombudsman has alleged "communication in the pensions industry is sometimes misleading", leaving members uncertain about their contributions and potential benefits.
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German Cabinet passes 'acting in concert' bill
[16:00 CEST 25-10] GERMANY – The government today passed a disputed bill for more transparency of investments in the German market.
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IPE-QUEST: German pension fund posts equity brief
[15:45 CEST 25-10] GERMANY – A German corporate pension scheme is looking for an equity manager for a €150m mandate, using IPE-Quest.