All articles by Carolyn Bandel – Page 34
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NewsBelgian minister creates confusion over 'pan-European' pension for Nestlé
[17:00 CET 14-02] BELGIUM/SWITZERLAND – The Belgian finance ministry has created confusion about the status of Nestlé's pension funds after announcing the firm is transferring its pensions assets to a pan-European OFP.
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NewsFrench bank confirms Nakamura role (amended)
[15:15 CET 14-02] FRANCE – Jean-Louis Nakamura, who announced he would leave the ERAFP pension fund on March 1, will become the new head of Lombard Odier Darier Hentsch (LODH), the bank has confirmed.
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PGGM is "rightfully named" PGGM
[15:00 CET 14-02] NETHERLANDS – A Dutch court has ruled PGGM, the newly separated manager of the €88bn pension fund Zorg en Welzijn (PFZW), may continue calling itself ‘PGGM’.
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NewsMercer increased revenue by 14% in Q4
[16:00 CET 13-02] GLOBAL – Mercer increased revenue 14% to $882m (€606.1m) in the fourth quarter of 2007 and 8% on an underlying basis, its parent Marsh & McLennan Companies (MMC) said today.
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French reserve fund returns 4.8%
[16:00 CET 13-02] FRANCE – The French national pension reserve fund, FRR says its assets rose by €3.3bn after a modest 4.8% investment return for 2007.
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Wednesday people roundup
[15:00 CET 13-02] GLOBAL – PGGM, Russell, SSgA, Watson Wyatt, TPR, UBS, AGI, Pioneer Investments, Axa IM, Capita Hartshead.
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NewsNakamura leaves ERAFP
[10:00 CET 13-02] FRANCE – Jean-Louis Nakamura, the chief executive officer (CEO) of the €4.8bn French public service supplementary pension scheme ERAFP has announced his departure after less than six months in office.
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Danish Industriens loses CFO
[15:00 CET 12-02] DENMARK – Jan-Ole Hansen, chief financial officer of the Industriens Pension, Denmark’s DKK46.7bn industry-wide pension fund for blue collar workers, has left the fund.
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DNB to vet individual pension managers
[13:00 12-02] NETHERLANDS – The Dutch pension regulator and central bank, DNB has decided to start testing new pension fund managers on an individual basis.
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‘Stop internal rivalry’ – Holland Financial Centre
[12:00 CET 12-02] NETHERLANDS – Holland Financial Centre (HFC) is set to publish a business plan pleading for a departure from "internal competition" in the Dutch pension sector.
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Estonia mulls raising equity cap to 70%
ESTONIA – The Estonian ministry of finance is looking at drafting new legislation to allow pension funds to increase their equity investments from 50% to 70%, IPE has learnt.
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Physios to double hedge fund exposure
[16:00 CET 11-02] NETHERLANDS – The €1.8bn occupational pension funds for physiotherapists, SPF, is looking to nearly double its investments in hedge fund investments to 15%, IPE has learnt.
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Lærernes fund replaces PFA Pension
[15:00 CEt 11-02] DENMARK – The DKK25.8bn (€3.5bn) Danish teachers' pension and life fund, Lærernes Pension, has replaced PFA Pension, which managed DKK13.3bn (€1.8bn) worth of bond mandates, with Nordea Investment Management.
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PGGM taps Mercer for ESG emerging markets managers
[15:30 CET 08-02] NETHERLANDS – PGGM, the newly separated manager of the €88bn pension fund Zorg en Welzijn, has hired Mercer to find emerging markets asset managers who incorporate environmental, social and governance (ESG) issues in their investments.
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Brinkman hints at ABP’s export value
[14:00 CET 07-02] NETHERLANDS – ABP-head Eelco Brinkman believes there are opportunities for Dutch industry-wide second pillar pension funds, such as ABP, to export elements of their practices to other countries.
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Dutch property association launches anti fraud framework
[15:00 CET 06-02] NETHERLANDS – The Dutch Association of Institutional Property Investors (IVBN), is setting up a framework for risk management to prevent fraud in institutional real estate investment.
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Wednesday people roundup
[12:30 CET 06-02] GLOBAL – People roundup: ABP, Russell, BGI, BNP Paribas, Paternoster, Standard Life, Watson Wyatt, Henderson, Robeco, Orbit.
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Belgian 2nd pillar returns 1.4% in 2007
[13:00 CET 06-02] BELGIUM – Belgium’s second pillar pension funds saw an average return of 1.4% last year, says the Belgian Association of Pension Funds (BVPI).
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Dutch VAT exemption 'may take years'
[16:30 CET 05-02] NETHERLANDS – Revelations suggesting the Dutch government could immediately abolish value-added tax (VAT) on asset management services sought by pension funds are simply not true, according to PricewaterhouseCoopers (PwC).
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Italian Laborfonds 'below average' in 2007
[15:00 CET 05-02] ITALY – The €451m Laborfonds, the regional scheme for workers in Trentino South Tyrol, saw a return of 0.16% in 2007 – “below average” according to the fund.
