Investor Strategy – Page 127
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News
Pension funds rethink hidden investment risks
[16:00 CET 23-11] EUROPE – Pension fund officials say the unexpected investment risks suffered by many European pension funds in the last two years has forced many executive boards to completely rethink their priorities, the sources of their investments and the way they conduct business.
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NewsCrisis allows Invensys to renegotiate terms
[14:30 CET 19-11] EUROPE – Pension funds should use the current financial pressures to renegotiate the terms, conditions and pricing with every service provider and contract they engage in, according to the UK’s Invensys pension plan. This would help them to improve their financial positions and raise the level of ...
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NewsUK trustees need improved investment delegation
[12:30 CET 19-11] UK – Trustees of UK defined benefit (DB) schemes need to enhance their investment decision-making processes, including more efficient delegation, to allow them to focus on key issues such as funding, strategy and risk, according to research from Russell Investments.
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NewsUK's CDC completes buy-in with Rothesay Life
[17:00 CET 17-11] UK - The CDC Pension Scheme has bought in insurance to back benefits for defined benefit members in a £370m (€417m) deal with Goldman Sachs subsidiary Rothesay Life, which has parties say has been structured to give the scheme “unique” security.
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NewsUK roundup: Celestica, North Yorks and ICAEW
[14:30 CET 17-11] UK – Celestica's UK scheme has adopted an implemented consulting strategy, while the £1.2bn (€1.34bn) North Yorkshire pension fund is seeking investment advisers and consultants, and the Institute of Chartered Accountants for England and Wales (ICAEW) is in consultation to shut it defined benefit (DB) scheme to ...
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NewsUnilever's Docherty predicts trustee behaviour change
[14:00 CET 17-11] UK – The recent economic downturn is likely to have led to a change in trustees' behaviour with regards to pension investment strategy and a greater balance between risk and reward, according to Unilever pension fund's Angela Docherty.
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NewsPension funds 'should rethink allocation strategy as a priority'
[13:30 CET 17-11] UK – The economic downturn has caused pension trustees to gain a “full appreciation of the risks out there”, and led to a renewed focus on planning for the time when markets recover and forced pensions officials to rethink allocation strategy, claim consultants.
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NewsPensionsFirst adapts to launch 24-hour valuations
[16:30 CET 16-11] UK – PensionsFirst, which was launched in 2007 to assist pension funds manage long-term liabilities through pensions buyouts, has shifted its business direction and unveiled the first known technology system to deliver actuarial valuations within 24 hours.
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NewsGermany's MetallRente to target 80% equities
[15:30 CET 13-11] GERMANY – MetallRente, the pension group for the German metal industry, now has a target allocation of 80% equities in its Pensionsfonds - a pensions vehicle that it believes is most appropriate for young people.
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News
Finnish railways pension follows outsourcing track
[15:30 CET 12-11] FINLAND – The VR Pension Fund, which covers the employees of the Finnish State Railways, has announced it will transfer its statutory pension liabilities to Varma, the €28.3bn mutual pension insurance company, by the end of year.
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News
Progress' member council loses indexation case
[16:30 CET 11-11] NETHERLANDS - The participants’ council of Unilever’s Dutch pension fund, Progress, has lost a legal case against the scheme concerning indexation.
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News
Move to DC led by costs calculability – AllianzGI
[12:00 CET 11-11] EUROPE - Pensions analysts in key western European regions believe the move to defined contribution (DC) pension plans is largely being driven by the ability to better calculate costs, according to research.
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News
Dutch workers warm to part-time retirement
[11:00 CET 11-11] NETHERLANDS - Nearly six out of 10 workers in The Netherlands would consider taking a part-time pension in the final years of their working life, according to a study commissioned by pension provider Aegon.
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News
Pensions security overrides Swiss diversification – study
[16:50 CET 10-11] SWITZERLAND – Credit Suisse has conducted a study on the efficiency of Swiss Pensionskassen’s asset allocation, which indicates the strategies applied by schemes are “relatively efficient” but have room for improvement in terms of diversification.
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News
IBM trustees seek legal clarity on UK DB closure
[16:00 CET 10-11] UK – Trustees of IBM's £4.36bn (€4.87bn) UK defined benefit (DB) pension schemes have told members they plan to seek legal approval for the proposed changes to the schemes before they amend the trust deed and rules.
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News
Schemes' investments based on active members - DNB study
[15:30 CET 10-11] NETHERLANDS - Dutch pension funds focus their strategic asset allocation on active participants rather than taking the interests of all participants into account in equal measure, according to research commissioned by pension regulator De Nederlandsche Bank.
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News
Consultancy LCP encourages return to UK property
[16:55 CET 09-11] UK – Consulting firm Lane, Clark & Peacock is advising its pension fund clients to move back into investing in UK property, following recently improved sentiment towards the UK commercial sector.
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News
Study uncovers 'unfathomed' liquidity risks
[15:30 CET 09-11] GERMANY – A study conducted by Union Investment has claimed methods for measuring portfolio liquidity risks are insufficient. It also suggests German institutional investors are already less concerned about this risk measure, despite the recent crisis.
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News
UK roundup: mandates and scheme closures
[15:00 CET 09-11] UK – Several UK pension funds are searching for managers to handle asset allocation mandates or have made appointments, while two defined benefit funds have announced they intend to close schemes to future accrual.
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News
PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
