All articles by Daniel Brooksbank – Page 13
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OECD sees “vicious circle” of pension bond demand
GLOBAL – The Organisation for Economic Cooperation and Development says new accounting standards may have set up a “vicious circle” of bond demand from pension funds.
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UK’s PPF outlines investment principles
UK – The UK’s Pension Protection Fund has outlined its investment principles, highlighting a diversified, liability-driven approach with derivatives.
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SSGA’s UK head Duncombe replaced
UK – State Street Global Advisors’ UK managing director Paul Duncombe is leaving the company to be replaced by European marketing chief Kanesh Lakhani.
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ABP’s Van de Vaart joins Morley
REAL ESTATE – Morley has hired Paul van de Vaart from Stichting Penisoenfonds ABP to lead its real estate securities capability.
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AP3 puts €215m into fundamental indexing
SWEDEN – The SEK196bn Swedish buffer fund Tredje AP-fonden, AP3, is putting an initial SEK2bn (€215m) into FTSE’s new Global Wealth Allocation fundamental index.
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Pension fund “lemmings” into hedge funds – IMF
GLOBAL – Pension funds are going into hedge funds like lemmings, according to the International Monetary Fund’s research chief Raghuram Rajan.
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British Coal Scheme appoints Watts, Read
UK – The £11.9bn (€17.6bn) British Coal Staff Superannuation Scheme has appointed Philip Read and Nick Watts as chairman and trustee director respectively.
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Liechtenstein ends civil service scheme payments
LIECHTENSTEIN – Liechtenstein’s civil service pension scheme will no longer receive top-up payments out of the state budget, under new proposals.
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Pension funds back buyout firm Paternoster
UK – Traditional pension funds are among the shareholders of new pension fund buyout company Paternoster, says chief executive Mark Wood.
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Norway to transfer €36bn to state pension fund
NORWAY – The Norwegian government plans a net transfer of NOK308bn (€36.5bn) to the Government Pension Fund – Global in 2007, according to the budget announced today.
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DNB amends FTK parameters
NETHERLANDS – The Dutch pension regulator De Nederlandsche Bank has released new recommendations about the parameters for the new Financial Assessment Framework, or Financieel Toezichtskader (FTK), for pension funds.
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IMF queries quality of pension supervisors
GLOBAL – The International Monetary Fund has queried whether international pension supervisors pay enough to attract the best people.
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Watson Wyatt hires Hewitt’s Everness
UK – Watson Wyatt says it has hired Hewitt Associates’ Graham Everness as a senior consultant in its Pensions Technical Unit.
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ECB hikes rates, cites pensions
EUROPE – The European Central Bank raised its key interest rates today, saying it did so in part to create stable conditions for pension reform amid population ageing.
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New UK pension buyout firm eyes Europe - FT
EUROPE – The new pensions buyout firm Pension Insurance Corp. has gained £1bn (€1.47bn) in financing and may target deals outside the UK, the Financial Times reported.
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Schemes 'unsatisfied with funds of hedge funds'
GLOBAL - Mercer Investment Consulting says only 23% of pension schemes are satisfied with funds of hedge funds investments.
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IPE-QUEST: Danish fund tenders Europe large caps
DENMARK – Danske Bank is conducting a search for long-only European large-cap equities on behalf of a Danish pension fund via IPE-Quest.
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Custody hires at BNP Paribas, JP Morgan
EUROPE – BNP Paribas Securities Services and JP Morgan Worldwide Securities Services have separately announced senior appointments.
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Deloitte to expand pension investment group
UK – Professional services firm Deloitte is looking to expand the pension and investment services group within its Deloitte Total Reward & Benefits Investment Services practice.
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France’s FRR seeks SRI service providers
FRANCE - The €27.6bn Fond de Resérve pour les Retraites, the French Pensions Reserve Fund, is looking for assistance in socially responsible investing.
