All articles by Daniel Brooksbank – Page 36
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EU raps 11 member states over pension directive
EUROPE – The European Commission has ratcheted up the pressure on 11 member states it says have not fully implemented the occupational pension funds directive.
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US custodians report double-digit asset growth
US – Three large US custodian banks – Mellon, Northern Trust and State Street - reported first-quarter assets under custody today.
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Ageing driving European life insurance – CEA
EUROPE – The European life insurance market’s growth to a record turnover is due in part to changing demographics, says European industry group the Comité Européen des Assurances.
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ABP data used in analysis of equity trade costs
NETHERLANDS – A paper prepared by staff at the Dutch central bank and civil service pension fund ABP has found that a small number of trades causes most market impact.
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Turkey sees 'exponential' pension asset growth
TURKEY - Turkey's new individual pension system is experiencing exponential growth, according to officials.
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CalSTRS, CalPERS build new manager database
US – US pension fund giants CalSTRS and CalPERS are putting together a database of emergent asset management companies in a bid to gain access to “untapped talent”.
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IPE-QUEST: Canadian firm tenders debt
GLOBAL – A Canada-based investment management firm has made three sub-advisory debt searches via IPE-Quest.
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Ex-Pru MD Wood sees “massive” economies of scale
UK – Former Prudential UK chief Mark Wood says his new Paternoster pensions buyout firm could generate “massive” economies of scale by aggregating mid-sized pension funds.
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Fortis adapts allocation at own schemes
EUROPE – Fortis plans to adapt the asset allocation at its own pension schemes to match asset duration with liabilities.
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Rolls-Royce to pay €724m to cut pension deficit
UK – Aerospace group Rolls-Royce is proposing to make a £500m (€724m) lump sum contribution to help ease a £1.3bn pension deficit.
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Bird flu could cut pension liabilities – Mercer
GLOBAL – A potential pandemic of avian influenza may have one upside – cutting pension plan liabilities, says consulting firm Mercer.
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ING IM providing ALM, asset allocation to schemes
EUROPE – ING Investment Management is performing asset liability modelling and asset allocations for European pension funds, says chief executive Angelien Kemna.
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Pension funds, managers buy new bond system
UK – Portfolio analytics provider StatPro says institutional investors such as pension funds and asset managers are showing a lot of interest in its new fixed income system.
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Barclays scheme puts €281m into emerging markets
UK – The Barclays UK Pension Fund has put £195m (€281m) into an emerging market debt mandate, according to BlueBay Asset Management.
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IMF sees bird flu impact on pension regulators
GLOBAL – The International Monetary Fund says pension industry regulators may have to swing into action in the event of a pandemic of avian flu.
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UK university scheme’s Thamotheram joins AXA
UK – Raj Thamotheram, senior adviser for responsible investment at the Universities Superannuation Scheme, is to join AXA Investment Managers.
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Green not Turner is UK’s top pension personality
UK – Lord Turner, who as chairman of the Pensions Commission has been front-page news in the last few months, was not in the running for personality of the year at the UK pensions awards last night.
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Deutsche backs new UK pensions buyout firm
UK – Deutsche Bank has emerged as one of the backers who have put up £500m (€720m) into former Prudential UK head Mark Wood’s new defined benefit pension buyout venture.
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OECD releases pension investment survey
GLOBAL – The Organisation for Economic Cooperation and Development has released its latest survey of global pension fund investment regulations.
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No data on longevity impact on yields – study
GLOBAL – There’s no quantitative data on the impact of pension fund buying and longevity changes on bond yields, according to a new study.