All articles by Carolyn Bandel – Page 14
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News
Hermes 'not interested' in joint venture
[16:15 CEST 23-09] UK – Fund firm Hermes has stated it is not interested in teaming up with other organisations, after it was revealed joint venture talks with Governance for Owners (GO) have fallen through.
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Ethos funds demand say on UBS pay
[16:10 CEST 23-09] SWITZERLAND – The Swiss pension fund-owned asset manager Ethos has filed a shareholder resolution, together with eight Swiss pension funds, to demand a “say on pay” within UBS and four other major Swiss corporates.
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Slovakia continues 2nd pillar erosion
SLOVAKIA – The Slovakian government is making a fresh claim on private pension provision and has introduced a second deadline allowing Slovakians to leave the second pillar pension system in favour of the state-run pension scheme.
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Kellermann hits back on fair value claim
[17:05 CEST 22-09] NETHERLANDS – Joanne Kellermann, executive director at the Dutch central bank DNB, has brushed off criticism of the fair value accounting of pension liabilities, at the same time as the regulator becomes the latest to ban naked short-selling.
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West Midlands allocates 25% to alternatives
[17:00 CEST 22-09] UK – The £8bn (€10bn) West Midlands Pension Fund has confirmed it is investing appxoximately a quarter of its portfolio in alternative assets.
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'Meltdown' surpluses show accounting volatility
[16:55 CEST 22-09] UK – Surpluses of the UK’s 100-largest companies had improved again to around £33bn by the end of last week’s roller coaster market developments, according to consulting firm Watson Wyatt, reflecting the volatility of pension numbers in companies’ accounts.
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TI Group agrees second buy-in (Update)
[13:15 CEST 22-09] UK – The £1.3bn (€1.7bn) TI Group Pension Scheme (TIGPS), one of the schemes belonging to the engineering firm Smiths Group, has agreed a second £250m (€312m) partial buy-in deal, this time with Paternoster.
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EC threatens Poland with court action over pensions
POLAND – The European Commission given Poland two month to ease investment restrictions for its open pension funds (OPFs) before it file proceedings against the state at the European Court of Justice.
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VB issues warning on indexation
[16:00 CEST 19-09] NETHERLANDS – VB, the organisation for Dutch industry-wide pension funds, has warned many of its members are worried they will not be able to index the pensions.
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German fund ventures into emerging markets
[14:45 CEST 19-08] GERMANY – A German corporate pension fund (CTA) has said it wants to invest €100m in emerging market equity and is looking for managers via IPE Quest.
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Dutch funds' stances differ on stock lending
[14:00 CEST 19-09] NETHERLANDS – Dutch pension funds today showed mixed views on the practice of lending securities of European and US banks.
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Dutch cover ratios improve slightly
[17:20 CEST 18-09] NETHERLANDS – The cover ratio of Dutch pension funds rose slightly in the second quarter of this year, according to new figures released by the Dutch pension regulator DNB.
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PFZW condemns pension proposals
[17:20 CEST 18-09] NETHERLANDS – PFZW, the €86bn pension fund for the Dutch health and welfare sector, has spoken out against new cabinet measures intended to increase labour participation between the ages of 62 and 65.
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More UK funds in class action
[17:20 CEST 18-09] UK – Large UK pension schemes, with funds over £1bn (€1.3bn) in assets, are increasingly becoming involved in class action law cases, the National Association of Pension Funds (NAPF) has found.
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Irish accounting deficit back on a high
[17:15 CEST 18-09] IRELAND – The total pension accounting deficit for Irish-based ISEQ quoted companies was close to €3.5bn by the end of August, hitting pension funds’ previous recovery, according to new pension consultant Attain.
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Increase emphasis on manager skill – Hewitt
[17:10 CEST 18-09] EUROPE – In current market conditions, pension funds would be better off placing emphasis on strategies that are more dependent on manager skill rather than the direction of the markets, argues Peter Hill, a hedge fund specialist at Hewitt Associates.
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Mercer trio launches new Irish consultancy
[16:00 CEST 17-09] IRELAND – John Feely, the former head of Mercer retirement solutions in Ireland, and Maurice Whyms, former chief executive of Mercer Dublin, have launched a new consultancy company focusing on pensions, human resources and financial services.
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Wednesday people roundup
[14:00 CEST 17-09] GLOBAL – tPR, P-Solve, rpmi, Hermes, Baillie Gifford, BDO Stoy Hayward, RWC Partners, BNP Paribas, Man Investments, Schroders Property, Threadneedle, Aberdeen Asset Management, T. Rowe Price.
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News
Montae signs up to governance research venture
[17:10 CEST 16-09] NETHERLANDS – Montae, the Dutch pensions consulting and law firm, is working with the Corporate Governance Insights Centre of the University of Groningen (RUG) to help pension funds define good fund governance.
