All articles by Carolyn Bandel – Page 46
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News
Siemens faces strike over DB scheme closure
[14:15 CEST 04-10] UK – German technology firm Siemens could face strike action by its British workers over plans to close its £2.5bn (€3.6bn) UK defined benefit (DB) scheme to all members.
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News
Interpolis taps ABN Amro Mellon
[17:00 CEST 03-10] NETHERLANDS – The pension asset management division of the Dutch insurer Interpolis has tapped ABN Amro Mellon Global Securities Services to take on the accounting for its €220m global high yield pooled fund.
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News
Pension funds eye traded life strategies
[16:30 CEST 03-10] EUROPE – European institutional investor interest in traded life policy (TLP) funds has risen since the recent subprime credit crunch, according a report prepared by Bristol Business School for Managing Partners Limited (MPL).
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News
Wednesday people roundup
[11:30 CEST 03-10] GLOBAL – PGGM, GSAM, HSBC, State Street, Barings, CEIOPS, Nordea, Hewitt, Mercer, BlackRock, DekaBank, Sprenkels & Verschuren, Aon.
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News
Watson Wyatt plans career average switch
[17:00 CEST 02-10] UK – The consulting actuary Watson Wyatt has said today it plans switch its £200m (€288.3m) defined benefit (DB) pension arrangement to a career average scheme from early next year.
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News
Cost of Swiss APK bailout: 31 leave, one stays
[17:00 CEST 02-10] SWITZERLAND – Around a fifth of employer clients - some 31 local authorities - are to leave the Aargauische Pensionskasse (APK), the CHF6bn (€3.6bn) pension fund for local government employees. The move is planned for December.
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News
'If you don’t know it, don’t buy it' – Laboul
[16:45 CEST 01-10] EUROPE – Pensions funds should be more prudent to prevent losses on asset-backed securities related for instance to the recent US subprime credit crunch, says the OECD’s Andre Laboul.
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News
OECD to revise governance guidelines
[16:50 CEST 01-10] EUROPE – The Organisation for Economic Cooperation and Development (OECD) will revise its guidelines on the governance of pension funds, IPE has learned.
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News
Nest outperforms Swiss funds in SRI approach
[14:30 CEST 01-10] SWITZERLAND – Nest, a CHF600m (€361m) Swiss corporate pension fund, is outperforming competitors with its strict socially responsible investment (SRI) approach, according to Nest chief executive Felix Pfeifer.
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Features
Keeping it simple and long term
Carolyn Bandel finds that building on a traditional approach can pay dividends
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Features
Creating space for innovation
Despite having to cope with regulatory tribulations, pension funds were unfazed and clocked up healthy returns, Carolyn Bandel writes
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News
Solvency II is a ‘devil in disguise’ – Maassen
[12:30 CEST 28-09] EUROPE – Solvency II will load a very high cost on European occupational pension schemes, according to Jaap Maassen, chairman of the European Federation for Retirement Provision (EFRP).
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News
ABP considers move into age-based investment
[16:00 CEST 27-09] NETHERLANDS – ABP, the €215bn Dutch pension fund giant, is looking at the possibility of moving into age-related investments, according to chief investment officer Roderick Munsters.
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News
Norway Petroleum to up equities by 50%
[14:30 CEST 27-09] NORWAY - The Norwegian petroleum fund will increase its equity allocation from 40% to 60%, according to its executive director Knut Kjaer.
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News
EC takes portability directive forward
[12:00 CEST 27-09] EUROPE – The European Commission (EC) is breathing live into the recently-shelved EU pensions portability directive again through new proposals to the European Parliament.
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News
Wednesday people update
[11:00 CEST 26-09] GLOBAL – People moves roundup: Permira, Caceis, BlackRock, State Street, Watson Wyatt, BNP Paribas, NBIM, Fortis, Investec, Millennium Global Investments, Premier Pensions Management, Morse, Nordea.
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News
ACA urges government to introduce pension reform
[16:33 CEST 25-09] UK – The Association of Consulting Actuaries (ACA) is urging the UK government to encourage risk-sharing schemes by introducing legislative reforms.
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News
eShare to set up online trustee forum
[16:30 CEST 25-09] UK – eShare, a UK provider of web-based governance tools, is setting an online discussion forum for pension fund trustees.
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News
ABP to double microfinance holdings again
[15:30 CDEST 25-09] NETHERLANDS – Major Dutch pension fund ABP expects to increase its investments in microfinance from $20m to around $40m (€28.4m) by the end of this year.
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News
Pensions Corporation buys out Telent shell
[14:30 CEST 25-09] UK – Edmund Truell’s Pension Corporation has agreed a £400m (€570.5m) takeover bid with Telent plc, the UK telecoms equipment making arm of the Marconi group.
