All articles by Daniel Brooksbank – Page 16
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Pension statements could shock – Mercer
UK - Occupational pension scheme members could be in for a shock when they receive statements explaining the funding position of their scheme this week, says Mercer Human Resource Consulting.
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Warwickshire to put 10% into alternatives
UK - Warwickshire County Council has tendered for up to £100m (€148m) in real estate and fund of hedge funds for the £1bn Warwickshire Pension Fund.
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Somerset awards currency brief to Record
UK – The £960m (€1.4bn) Somerset County Council Pension Fund has awarded Record Currency Management a currency hedging mandate.
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PPF seeking rule change on insured liabilities
UK – The Pension Protection Fund is seeking a change in legislation to ease difficulties with insured liabilities and valuations.
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ECB’s Trichet says contributions could double
EUROPE – European Central Bank president Jean-Claude Trichet has warned that pension contributions could double without further reforms.
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Swansea Pension Fund seeking investment advisor
UK – The City & County of Swansea Council is seeking one or more independent investment advisors for the £790m (€1.2bn) Swansea Pension Fund.
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USS recruiting for responsible investment
UK – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, is looking to hire two responsible investment staff as a result of “re-organisation and expansion”.
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Paternoster sees “gamesmanship” in buyout market
UK – Mark Wood, the chief executive of defined benefit pensions buyout firm Paternoster, reckons there’s “gamesmanship” going on in the market as providers seek to win business.
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Flemish Care Fund seeks ethical manager (Dutch)
BELGIUM – The Flemish Care Fund/Vlaams Zorgfonds is looking for an asset manager for the investment of an ethical stock portfolio.
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Institutional searches picking up – BlackRock
GLOBAL – BlackRock, set to announce a new branding following its merger with Merrill Lynch Investment Management, says institutional search activity is picking up again.
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UK national scheme seen impacting trustees
UK – Plans to introduce a national pensions savings scheme could have knock-on effects for existing pension fund trustees, a conference was told today.
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UK PPF to review levy calculation for 2008/9
UK – The Pension Protection Fund says it plans a “full review” of how it calculates the levy it charges pension schemes for the 2008/9 levy year.
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NAPF changes stance on pension accounts
UK - The National Association of Pension Funds, under new chief executive Joanne Segars, has changed its mind on plans to introduce individual pension accounts by 2012.
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ABN Amro scheme licenses ORTEC software
NETHERLANDS – Pensions software firm ORTEC says it has licensed its PALM asset liability management product to the €8bn ABN Amro Pension Fund.
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Man Group CEO Fink to step down
UK – Stanley Fink is to step down as chief executive of Man Group, the world’s largest listed hedge fund group, and be replaced by finance director Peter Clarke as from April 1 next year.
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KAS positions for pension pooling, directive
EUROPE – KAS Bank says it is well positioned for the burgeoning European asset pooling and pensions market.
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Netherlands: Interesting times
NETHERLANDS - There's an old Chinese curse that says 'may you live in interesting times'. It might have been coined for the Dutch pensions industry. "All times are interesting, especially for Dutch pension funds," says Jeroen Steenvoorden, director of pension fund for self-employed medical specialists SPMS. "There is so much ...
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UK: General trend into bonds
UK - Recent years have seen a general trend within the UK pensions industry from equities into bonds, according to Joanne Segars, incoming chief executive at the National Association of Pension Funds (NAPF).
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Germany: Book reserves still common
GERMANY - Although there are five different ways of creating an occupational pension the most common, with more than 50% of all pension assets and totalling around €400bn, is still through the book reserves of the employer, according to Klaus Stiefermann, general manager of the Association of Company Pension Schemes ...
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TOP 1000: European assets grow to €3.02trn
EUROPE - Assets under management of the top 750 continental European pension funds, including those in Ireland and Iceland, and the top 250 in the UK, rose to €3.02trn in 2005 from the previous year's €2.63trn.
