All articles by Carolyn Bandel – Page 29
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News
PGGM’s Van Essen takes the chair at PensioenCoöperatie
[16:30 CEST 08-04] NETHERLANDS – Heino van Essen, former chairman of the executive directors at PGGM, has joined the Dutch pension cooperative, PensioenCoöperatie, as its new chairman.
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CEIOPS admits Solvency II 'inappropriate' for pensions
[16:30 CEST 08-04] EUROPE – The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has agreed Solvency II for pension funds is “not an appropriate course to pursue” and could threaten defined benefit (DB) provisions.
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Investor flight affects PGGM’s diversification strategies
[14:45 CEST 08-04] NETHERLANDS – Investors flight, as displayed during the recent market turmoil, negatively affects PGGM’s pioneering portfolio of strategies, according to Jelle Beenen, former head of alternative beta at PGGM.
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Europe champions governance, risk and LDI – Mercer
[16:30 CEST 07-04] EUROPE – Better governance and risk management, along with increased allocations to alternatives and liability-driven investment strategies are the main agenda points in 2008 for European pension funds, consultancy firm Mercer has found.
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Norway pension fund allocates 5% to real estate
[16:00 CEST 07-04] NORWAY – Europe’s largest pension fund, the NOK2136bn (€267bn) Norwegian Government Pension Fund – Global, has said it will switch 5% of its asset to real estate, while moving more into emerging markets.
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SBZ seeks real estate and SRI managers
[12:15 CEST 04-04] NETHERLANDS – SBZ, the €2.57bn industry-wide pension fund for care insurers, is looking to make changes to its environmental, social and governance structure and its real estate portfolio as part of its earlier swap to fiduciary management.
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DNB makes small funds' survival hard – Ambachtsheer
[15:30 CEST 03-04] NETHERLANDS – Keith Ambachtsheer, dubbed the Canadian pensions ‘guru’, has saluted a policy which he identifies as the Dutch central bank pushing small pension funds into the arms of larger administrative entities.
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Beenen to promote alternative strategies at Mercer
[15:15 CEST 03-04] NETHERLANDS – Jelle Beenen, who until this week was head of alternative investments at PGGM, is planning to help smaller pension funds devise innovative strategies in his new role at Mercer.
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Real assessment framework is 'a bad idea' – Van Popta
[16:35 CEST 02-04] NETHERLANDS – Benne van Popta, chairman of the Association of Industry-wide Pension Funds (VB), has spoken out against reshaping the financial assessment framework (FTK) to place a stronger focus on 'real' pension promises.
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Wednesday people roundup
[11:30 CET 02-04] GLOBAL – Wednesday people roundup: TPR,NTGI, Lehman Brothers, Union Investment, Watson Wyatt, SWIP, Mercer, Schroders, BlackRock, Edhec.
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Same-sex partners have pensions spousal rights - ECJ
[17:10 CEST 01-04] EUROPE – The European Court of Justice (ECJ) in Luxembourg today decided denying same-sex partners pension rights is direct discrimination and unjustifiable.
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News
Institutional outflows plugged in February
[17:05 CEST 01-04] UK – Institutional sales seem to have recovered a fraction in the UK, as there were net inflows of £502.5m (€637m) in February, compared to outflows at the beginning of this year.
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News
Over 60% of schemes prepare for buyout
[17:00 CEST 01-04] UK – Over 60% of UK pension schemes are preparing to offload their pension scheme from the corporate balance sheet via a buyout, claims Watson Wyatt.
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News
Pension funds shun UK equity
[16:50 CET 31-03] UK – Pension funds have never invested less in UK equities, according to BNY Mellon Asset Servicing, as its own an asset allocation study has found weightings in the asset class slumped to 28.7% in 2007.
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News
Reserve shortages hit several Dutch funds
[16:15 CET 31-03] NETHERLANDS – The Dutch Central Bank, DNB, today said it has received a notice from several Dutch pension funds reporting shortages in their reserves.
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Swiss ethical investing up 67%
[12:30 CET 28-03] SWITZERLAND – The Swiss sustainable investment market reached a volume of CHF30bn per end of December 2007, an increase of 67% over the whole of the year, according to a new study.
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NewsDutch funds book 5% Q4 losses on equities
[11:45 CET 28-03] NETHERLANDS – Dutch pension funds lost €9.5bn on the stock markets in the fourth quarter of 2007 on their total equity portfolio of €205bn, says the Dutch central bank (DNB).
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News
FRR awards two US small cap mandates
[16:15 CET 27-03] FRANCE – The €34.5bn French national pension reserve fund, FRR says it has awarded two active management mandates for US small cap equity portfolios.
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NewsNordea 'too small' for big custody game – Gezelius
[15:45 CET 27-03] SCANDINAVIA – As one of largest financial players in the Nordic region, Nordea still could not see its institutional custody business being sustainable in competition with the 'big boys'.
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NewsKas Bank board seeks Frijns' arrival
[15:00 CET 27-03] NETHERLANDS – Dutch securities bank Kas Bank today has said it will propose Jean Frijns, former director of investments at Dutch pension fund ABP, as a new supervisory director.
