All articles by Carolyn Bandel – Page 23
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News
Firms seeking buyout rises to 35%
[16:50 CEST 23-06] UK – Over a third of UK companies is looking to buyout some or all of the pension liabilities and insurers should raise more capital to meet demand, according to a survey by PriceWaterhouseCoopers (PwC).
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Dutch fund seeks European high yield
13:45 CEST 23-06] NETHERLANDS – A Dutch pension fund has announced it is searching an active Euro high yield manager for an $80m (€52m) pan-Europe debt mandate, using IPE-Quest.
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'Regressive' proposals 'dumb down' Myners principles
[16:10 CEST 20-06] UK – The responsible investment charity FairPensions has launched an aggressive campaign against the UK government’s proposed changes to the Myners principles, branding them as "regressive" and likely to prove a failure.
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Dutch pensions see people moves
[13:15 CEST 20-06] NETHERLANDS – Jos Clerkx, chief executive of the pension fund of one of the largest Dutch dairy companies, Campina, has resigned, and is one several key changes at pension funds in the Netherlands.
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Euro-equities hit popularity low with institutions
[16:35 CEST 19-06] GLOBAL – Stagflation fears are driving institutional investors out of equities and bonds into cash, as fund mangers globally have their most negative stance towards equities in a decade, according to investment bank Merrill Lynch.
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AMF Pension wins Cannes Lions advertising award
[16:30 CEST 19-06] SWEDEN – The advertising bureau behind a novel advertising campaign for Sweden’s largest fund company AMF Pension has won a prestigious prize lauding the campaign’s success in making young people think about pensions.
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Uni fund fancies private equity co-investments
[13:15 CEST 19-06] UK – Britain’s second largest pension fund, the £30bn (€38bn) Universities Superannuation Scheme (USS), is eyeing co-investments in private equity and has announced a $750m (€484m) commitment to a US buyout fund.
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Polish pension reforms deemed "incomplete"
POLAND – The Organisation for Economic Cooperation and Development (OECD) has described recent Polish pension reforms as a welcome measure but branded them “incomplete” and called for further stringent reviews.
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Wednesday people roundup
[16:00 CEST 18-06] GLOBAL - People roundup: Fidelity Investments, SGAM, BNY Mellon, Opal, Schroders, Hermes, Midas Capital, Merrill Lynch, Morgan Stanley, CQS.
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UK 'buy-in' specialist goes overseas (amended)
[15:20 CEST 18-06] UK – PensionsFirst, the recently-launched company which claims to completely immunise defined benefit (DB) schemes from risk, is now planning the launch of two separate offices in the US and Japan.
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Funds critical of non-cap-weighted indices
[16:30 CEST 17-06] EUROPE – A panel of institutional investors have expressed its doubt about the added value of non-cap-weighted indices such as fundamental indices.
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Parmalat investors launch new European legal action
[16:15 CEST 17-06] EUROPE – Institutional investors are backing a group of 4,000 Parmalat investors who lost money in the Italian dairy firm’s collapse by launching legal action against certain banks and international auditors in the case.
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UN's doubles RI standards' signatories
[16:00 CEST 17-06] GLOBAL – Signatories to the Principles of Responsible Investing, drafted by two agencies of the United Nations (UN), have more than doubled so far in 2008 to 381 participants.
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News
Oyak sells private pension division
[11:35 CEST 17-06] TURKEY – Oyak, the Turkish Army Pension Fund, has sold its private pension subsidiary Oyak Emeklilik for €110m to Dutch financial group ING.
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Pension communication needs interactive kick
[17:00 CEST 16-06] NETHERLANDS – Pension funds need to transform the way they communicate with their members by appealing to the social DNA today’s fifty-somethings and the ever expanding computer game generation demanding interactivity.
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'Fiscalise' Dutch first pillar – Commission Bakker
[15:45 CEST 16-06] NETHERLANDS – The Labour Participation Commission, appointed by minister of social affairs Piet Hein Donner, today suggested the Dutch state pension (AOW) should be overhauled as one of its key recommendations.
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ATP opposes EFRP in Solvency II debate
[14:45 CEST 13-06] EUROPE - Lars Rohde, chief executive of the DKK349.3bn (€46.8bn) Danish ATP pension fund, today defended calls for Solvency II requirements to be applied to pension funds, by arguing it is a way of making it clear “risk is in short supply”.
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Survey reveals 'unimaginative' ETF use
[17:10 CEST 12-06] EUROPE – Exchange Traded Funds (ETFs) are not successfully customised, while advance features are underused, a survey of over 100 institutional investors has found.
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Dutch support emerges for Solvency II U-turn
[17:00 CEST 12-06] NETHERLANDS – The French-initiated reversal earlier this week on the European solvency framework, known as Solvency II, continued at the Pensioen Forum 2008 in Rotterdam, as experts have pleaded for a single solvency framework.
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'No need for new SRI commission' – Hummels
[13:00 CEST 12-06] NETHERLANDS – Harry Hummels, author of influential guidelines for responsible investing (SRI) for pension funds, says there is no need to launch another practical commission to measure how schemes have improved their SRI-practices.