Investor Strategy – Page 126
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News
Video interview: SCA considers early adoption of multi-OPF
[16:30 CET 10-12] NETHERLANDS – Officials at the Dutch pension funds of SCA Paper and Hygiene could be one of the first Dutch groups to create a multi-OPF next year, in a bid to gain improved governance and administration.
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Long-term investing could be dead, says FRR chief
[15:00 CET 10-12] EUROPE - Antoine de Salins, chief executive of FRR, France's national pension reserve fund, has urged institutional investors to lobby for greater macro-financial stability, as he warned greater incidence of extreme “tail events” could otherwise leave long-term investing “dead”.
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Neste Oil to transfer pension to Ilmarinen
[15:00 CET 08-12] FINLAND – The Neste Oil pension fund is employing its larger pensions colleague Ilmarinen Mutual Pensions Insurance Company to manage its statutory occupational pensions and portfolio from next year.
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Sweden’s AP funds should be merged - report
[16:45 CET 07-12] SWEDEN - A report has been published by an independent think-tank from within the Swedish Ministry of Finance suggesting the country’s first four pension buffer funds should be merged into one, to achieve scale advantages and potentially boost assets by SEK1bn (€958m) annually.
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Pension funds weakened corporate recovery – Watson Wyatt
[16:20 CET 07-12] UK - Deficits in final salary pension schemes are making it much harder for UK companies to restructure and prepare themselves for an economic recovery, according to research by Watson Wyatt and the UK employers organisation the CBI.
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Consultancy sees Pensionsfonds growth
[17:05 CET 04-12] GERMANY – New accounting rules and a higher levy charged by Germany's PSV pension insolvency fund could boost interest in the creation of Pensionsfonds, according to Febs Consulting in Munich.
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UK roundup: Environment Agency, Logica and Vodafone
[17:10 CET 03-12] UK – The Environment Agency is seeking global bond managers for its £1.4bn (€1.5bn) active pension fund.
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SNPF appoints Aegon for fixed income
[16:55 CET 03-12] NETHERLANDS – The €1bn Stichting Notarieel Pensioenfonds (SNPF) has awarded Aegon Asset Management a mandate to run part of its fixed income allocation and provide a fixed income overlay for an existing loans portfolio.
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Tories to review means-testing with personal accounts
[16:50 CET 03-12] UK – Theresa May MP, the shadow secretary of state for work and pensions, has stated the current UK government's failure to address the impact of means-testing on the 2012 pension reforms will be one of the issues it will include in a review of the personal ...
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Deutsche Bank opens cross-border pension vehicle to clients
[15:45 CET 01-12] GERMANY – Deutsche Bank has created a cross-border asset-pooling vehicle for its own pension assets, and is now inviting clients to join too.
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UK roundup - Torfaen, RPMI, BMI, Harrods, East Riding
[16:30 CET 30-11] UK – Torfaen Council has appointed a global equity manager, while RPMI has been awarded the administration contract for the Arup pension fund.
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Pension schemes warned to prepare inflation-proof strategies
[16:15 CET 30-11] GLOBAL/UK – Pension funds and other institutional investors, particularly those with inflation-linked liabilities, have been advised by Watson Wyatt to plan ahead for a return to high inflation, even though suitable investments could in some cases prove expensive.
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Credit Suisse pension fund cuts equities
[16:00 CET 30-11] SWITZERLAND – Credit Suisse reduced the equity exposure in its Pensionskasse by 10 percentage points in September and October, but officials have indicated they may hike the fund's equity holding again soon.
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IPE study: Good marks for consultants on asset allocation
[16:45 CET 27-11] EUROPE - Pension funds responding to an IPE survey have largely given their thumbs-up to consultants as providers of asset allocation.
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Time is ripe for LDI, says Union's Neumann
GLOBAL - Active management and risk management are key parts of a pension fund's armoury in the post-crisis financial environment, according to Union Investment's head of quantitative strategies Thorsten Neumann, and liability-driven investment (LDI) will take on renewed importance.
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Fiduciary management to evolve as 'risk will be the new return'
[15:15 CET 26-11] GLOBAL - Fiduciary management is entering a “post-product” era with the creation of bespoke, unbundled services for pension funds, and assets managers will win “the fiduciary turf war” in the battle for business, according to a report on the fiduciary management market.
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Personal accounts get support for alternative assets
[16:25 CET 25-11] UK – The Personal Accounts Delivery Authority (PADA) has revealed that around 80% of pensions social partners support the use of alternative assets in the investment strategy of personal accounts, with property and commodities considered the most appropriate diversifiers.
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Icelandic Investment Fund delayed
[15:50 CET 24-11] ICELAND – The establishment of the Icelandic Investment Fund (IIF) has been delayed until next month to give pension funds more time to decide whether or not to join the venture.
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Pension funds to up focus on 'creeping' climate change
[16:45 CET 23-11] EUROPE – A group of UK-based institutional investors, including the Universities Superannuation Scheme (USS), has urged investors to engage with companies and policymakers on the issue of climate change adaptation, and to incorporate the related risks into their analysis and decision-making.
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Weekly pension updates 'relax trustees' - BP
[16:15 CET 23-11] UK – Providing trustee boards with weekly updates on the financial position of the fund does not encourage investment short-termism but instead makes them more "relaxed" to market volatility, according to the chief executive of BP Trustees Limited.
