All articles by Carolyn Bandel – Page 11
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News
Finnish funds prepare for relaxed solvency rules
[17:10 CET 27-10] FINLAND – Tela, The Finnish Pension Alliance, said Finnish pension funds are preparing for the arrival of new proposals to relax solvency regulations, which should be implemented in the coming weeks.
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News
ABP considers court action against Fortis
[17:00 CET 27-10] NETHERLANDS – ABP, the €193bn Dutch pension fund, has confirmed it does “not rule out” taking legal steps against former Belgian-Dutch bancassurer Fortis concerning its recent financial status.
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News
'Who owns Optas assets' will go to court
[16:05 CEST 24-10] NETHERLANDS – The harbour workers and their employers have announced they will go to court to solve the row with Stichting Optas and Aegon about the workers’ pension, as earlier mediation has failed.
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PGB cover ratio drops 25%
[16:25 CEST 24-10] NETHERLANDS – The €8.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) has seen its cover ratio drop 25% since the beginning of this year.
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News
AEIP warns EC on tax incentives stance
[16:00 CEST 23-10] EUROPE – Jacques-André Schneider, a prominent member of the European Association of Paritarian Institutions of Social Protection (AEIP) Scientific Advisory Board, has cautioned the European Commission (EC) on its remarks concerning tax incentives for privately-managed pension provision in Europe.
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NewsNAPF mulls guidelines on counterparty risk
[16:00 CEST 22-10] UK – The National Association of Pension Funds (NAPF) has today confirmed it is working on developing information which could form the basis of a set of guidelines to help pension funds gauge the risks they run through counterparties.
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NewsAPG pushes forward to meet infrastructure target
[14:00 CEST 22-10] NETHERLANDS – APG, the asset manager of the €193bn ABP pension fund, is pushing forward to meet its infrastructure target of €4.5bn for 2009, despite drying up opportunities in the asset class.
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News
Wednesday people roundup
[13:15 CEST 22-10] GLOBAL: People roundup – Santander Asset Management, BNY Mellon Asset Management, Architas, Kempen, Aon, Alliance Trust, Alexander Forbes, Watson Wyatt, Optimal Investment Services.
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NewsSolvency ratio drops on Akzo Nobel pension
[13:00 CEST 22-10] NETHERLANDS – The €4bn Dutch pension fund of paints giant Akzo Nobel has so far lost over 25% this year on its equity holdings, reducing its solvency ratio to 120%.
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News
Germany’s largest fund to award first timber mandate
[17:05 CEST 21-10] GERMANY – The Bayerische Versorgungskammer (BVK), Germany’s largest pension fund, is about to award its first timber mandate and has just started its first infrastructure fund.
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News
Pension funds warned on hedge funds 'mispricing'
[15:30 CEST 21-10] EUROPE - Experts have warned the market's failure to correctly price hedge funds (HF) remains a systemic problem which needs to be addressed as markets decline further.
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News
€7.8bn doctors fund looks for opportunities
[16:50 CEST 20-10] GERMANY – Ärtzeversorgung Westfalen-Lippe (ÄVWL), a €7.8bn regional pension fund for doctors, has withdrawn approximately half of its Spezialfonds investments as it now wants to invest in 'opportunities'.
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NewsBosch Pensionsfonds eyes alternatives
[16:45 CEST 20-10] GERMANY – The €800m German corporate pension scheme of multinational Bosch, best known for its appliances, is planning to make its first allocations to alternative investments.
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News
German crisis act to cover Pensionsfonds
[17:10 CEST 17-10] GERMANY – The upper and lower houses of the German parliament today passed an act designed to stabilise the financial market but which will see also Pensionsfonds able to secure funding from the government.
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NewsBelgian pension body against securities lending
[17:05 CEST 17-10] BELGIUM – Philip Neyt, the chairman of the Belgian Association of Pension Funds (BVPI), has called on Belgian corporate and industry wide pension funds to stop the lending of securities.
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News
NPRF falls 17% year-to-date
[16:50 CEST 17-10] IRELAND – The National Pension Reserve Fund (NPRF) revealed today it booked a negative third quarter outturn of -6% subsequent to more losses on its large equity portfolio, pulling its overall negative return this year down to 17.3%.
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News
Funds plan more exposure to emerging markets
[17:05 CEST 16-10] EUROPE – The majority of Northern European Institutional investors have said they are planning to raise their exposure to emerging market equities over the next three years.
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News
Generali bundles German schemes
[16:55 CEST 16-10] GERMANY – Pensor, the €128m pension fund of German insurer Volksfürsorge, will merge its “core competencies” with those of parent insurer Generali’s German Pensionsfonds.
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News
Ailing SBB abandons restructuring plans
[17:05 CEST 17-10] SWITZERLAND – The underfunded Swiss federal railways pension scheme SBB has said it will not implement the additional plans for a restructure it had announced earlier.
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News
Inalytics launches monthly manager report
[16:40 CEST 15-10] UK – Inalytics, the specialist equity manager evaluation firm, is rolling out a monthly transparency report to help pension funds monitor the impact of manager decisions on the portfolio.
