All articles by Daniel Brooksbank – Page 42
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Pension funds in low-yield feedback effect – BIS
GLOBAL – A pension fund “feedback effect” could be behind the current puzzling low long-term yield situation says the Bank for International Settlements.
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Irish reserve fund in €6bn equity re-tender
IRELAND – The National Pensions Reserve Fund is re-tendering €6bn in passive equities mandates following a review.
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No initiative on scheme takeovers – UK regulator
UK – There’s no specific initiative to allow investment banks, asset managers or hedge funds to take over pension schemes of financially challenged firms, the Pension Regulator says.
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Watson ‘ recommending commodities to clients’
AUSTRALIA – Watson Wyatt is recommending commodities, particularly energy, to its clients, according to a report citing the firm’s investment consulting head Roger Urwin.
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BGI introduces Sudan divestment strategies
US - Barclays Global Investors has launched index strategies to help US pension funds to comply with new rules requiring them to divest of companies with ties to Sudan.
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Dutch doctors’ fund interim CIO moves on
NETHERLANDS – Ton Groeneveld, interim chief investment officer at Doctors Pension Funds Services, has left following the appointment of permanent CIO Jan Willem Baan.
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Hewitt opens human resources centre in Poland
POLAND – Hewitt Associates has announced the opening of a 300-person human resources outsourcing centre in Krakow, Poland.
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RBC Dexia tops R&M custody survey
EUROPE - RBC Dexia Services has topped the latest poll of custody providers organised by R&M Consultants.
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France’s AFPEN working on longevity bond
FRANCE – AFPEN, the French association of pension funds and retirement regimes, is currently working on a longevity instrument based around annuity futures, IPE understands.
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Ilmarinen returns 12.1%
FINLAND – Ilmarinen had reported a 12.1% return on investments in 2005 – one of the best years in its history.
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Hewitt CEO sees industry consolidation
GLOBAL – Dale Gifford, chief executive of Hewitt Associates, expects to see further consolidation in the human resources consulting and outsourcing industry in the coming years.
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Dexia says it’s winning pension fund mandates
EUROPE – Institutional mandates went up 18.6% at Dexia’s asset management arm in 2005, driven in part by new mandates from pension funds.
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UK mulls SRI for national pensions scheme
UK – The UK government is considering putting long-term socially responsible investing (SRI) at the heart of the proposed National Pensions Savings Scheme, an official has said.
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‘Major weaknesses’ in Belgian pension oversight
BELGIUM – “Major weaknesses” in the supervision of pension funds in Belgium have been identified by the International Monetary Fund.
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IPE-QUEST: Seven new searches on system
GLOBAL - There are seven new or recent searches, representing more than €500m in total, currently on IPE-QUEST.
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Actuaries ‘lack enthusiasm’ for longevity bonds
UK – Actuaries have expressed scepticism about the potential for the longevity bonds market to take off.
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Norway fund beats benchmark by 1.10 points
NORWAY – The Government Pension Fund – Global returned 11.1% in 2005, 1.10 percentage points above benchmark.
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Law Debenture cuts benefits at own scheme
UK – Pension trustee and investment firm Law Debenture has cut benefits for members of its own defined benefit pension scheme – despite £2.5m (€3.6m) in extra contributions.
