All articles by Daniel Brooksbank – Page 32
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IPE-QUEST: Dutch fund tenders leveraged loans
NETHERLANDS – A Dutch pension fund has tendered $10m-$50m in European leveraged loans via IPE-Quest.
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Big UK schemes back renewable energy fund
UK – Major UK pension funds such British Airways, USS and South Yorkshire have invested in a fund specialising in renewable energy.
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Norway global fund set to top €218bn
NORWAY – Norway’s Government Pension Fund – Global, the former Petroleum Fund, is set to grow to about NOK1.7trn (€218.4bn) by the end of this year.
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Pensions portability plan
EUROPE - The European Parliament has been told in no uncertain terms by the European Federation for Retirement Provision that the Commission's proposed pensions portability directive is “not workable".
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Insight, Russell team up to offer LDI
UK – Insight Investments and Russell Investment Group have teamed up to offer customised liability-driven investment solutions to mid-sized UK pension funds.
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Railpen names head of investment management
UK - Railpen Investments, which runs the £17bn (€24.9bn) industry-wide Railways Pension Scheme, has named the Wellcome Trust's Keith Shepherd to the new role of head of investment management.
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IPE-QUEST: European fund tenders real estate
EUROPE – A continental European corporate pension fund has tendered substantially in excess of $100m (€78m) in indirect global real estate via IPE-Quest.
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IPE-QUEST: Foundation tenders W. Pacific equities
GLOBAL – An Asian foundation has tendered $100+ (€77.5m) in west Pacific (including Japan) equities via IPE-Quest.
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UK schemes to pay for actuarial discipline cases
UK – UK pension schemes may have to contribute towards a fund to cover the costs of actuarial discipline cases, according to the Financial Reporting Council.
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Mercer in hedge fund research tie with HFR
GLOBAL – Mercer Investment Consulting has signed an agreement to gain access to research on single strategy hedge funds from Hedge Fund Research.
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Watson puts millions into underfunded UK schemes
UK – US-based pension consulting firm Watson Wyatt Worldwide is putting $7m (€5.5m) into its underfunded UK pension funds – despite an almost 10% return on investments.
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Dutch minister: don’t blame me for FTK impact
NETHERLANDS – Dutch social affairs minister Art Jan de Geus says he takes no responsibility for the impact on pension funds’ asset allocation following the new Financial Assessment Framework (nFTK).
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F&C names institutional sales head
UK - F&C Asset Management has named John Bills as head of institutional sales in London.
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Schroders wins €617m Countrywide brief
UK - Schroders says it has been awarded a further £421m (€617m) by Countrywide Assured plc in addition to the £400m it already managers.
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Turkish president vetoes pension reform – report
TURKEY – Turkish president Ahmet Necdet Sezer has vetoed the pensions and health insurance reform bill, according to a news agency report.
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Swiss schemes want investment rules relaxed
SWITZERLAND – Swiss occupational pension funds want investment regulations relaxed, according to a survey by Swisscanto Asset Management.
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Dutch SFP fund awards custody to Northern
NETHERLANDS – Northern Trust says it has been awarded an asset servicing mandate by the €330m Stichting Federatief Pensioenfonds.
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DNB stress tests ‘to show funds’ improvement’
NETHERLANDS – Stress tests currently being conducted by the Dutch central bank are expected to show a “significant improvement” in Dutch pension funds’ coverage ratios, according to a new report.
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Switch to DC implies lower liabilities - S&P
EUROPE – European Union countries that switch to defined contribution pension schemes will have lower long-term pension liabilities, Standard & Poor’s says.
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UK regulatory change boosts Watson in Europe
EUROPE – Consulting firm Watson Wyatt has reported a 21% increase in third-quarter revenues at its European benefits group – driven by the impact of regulatory change in the UK.
