Investor Strategy – Page 150
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News
Hymans to advise lighthouse authorities
[16:30 CEST 20-10] UK – The General Lighthouse Authorities (GLAs) for the United Kingdom and Ireland have appointed Hymans Robertson to provide advice on a range of pension fund issues.
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Generali bundles German schemes
[16:55 CEST 16-10] GERMANY – Pensor, the €128m pension fund of German insurer Volksfürsorge, will merge its “core competencies” with those of parent insurer Generali’s German Pensionsfonds.
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OPF seeks collective companies' funds
[15:40 CEST 15-10] NETHERLANDS - The Foundation of Company Pension Funds (OPF) has called for amendments to be made to the Pension Act to allow individual company pension schemes to work together in a companies’ pension fund.
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DC lifestyle funds show promise in market downturn
[17:15 CEST 14-10] GLOBAL - Lifestyle defined contribution pension funds have prove their worth in the current economic turmoil and may be a useful counterbalance to compulsory annuitisation, Watson Wyatt has claimed.
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Swiss funds stick to allocation
[17:10 CEST 13-10] SWITZERLAND – Swiss funds are in general content with their long-term asset allocation and are only making tactical adjustments, according to consultancy Lusenti.
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APG Group signs cross-border deal with PensPlan
[16:55 CEST 13-10] NETHERLANDS - APG Group has formalised a deal with the €1.6bn Italian pension administrator PensPlan which will initially see APG manage €100m in assets for the Italian provider.
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Energy watchdog seeks multi-employer fund membership
[17:05 CEST 10-10] AUSTRIA – E-Control, a Vienna-based independent authority related to the energy markets, is looking to join a multi-employer pension fund for the local government staff.
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ATP pumps money into Danish banks
[16:45 CEST 10-10] DENMARK – ATP, the largest pension scheme in Denmark, is lending billions of Danish kroner to Danish bank– described as deposits because of a government guarantee they carry - in a bid to help shore them up during the financial crisis.
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Ilmarinen to increase its alternatives focus
[15:00 CEST 09-10] FINLAND – Ilmarinen Mutual, Finland’s second-largest pension provider, is planning to increasing its private equity and property holdings in the coming years as well as diversify its equity holdings, IPE has learned.
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Iceland’s pension funds urged to thaw banking pressure
[17:00 CEST 06-10] ICELAND – The Icelandic Pension Funds Association (IPFA) has agreed to encourage its members to sell up to 50% of their foreign securities and injecting the capital back into the Icelandic currency market.
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Gloucester seeks equity manager as Clwyd picks advisers
[16:15 CEST 03-10] UK – Flintshire County Council has appointed seven external advisers for the Clwyd Pension Fund, while Gloucestershire County Council is tendering a global equity mandate valued at up to £200m (€257m).
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ÖPAG and university create ALM tool
[15:45 CEST 03-10] AUSTRIA – The multi-employer pension fund ÖPAG and the University of Vienna have developed an ALM tool to help the fund simulate future developments around their assets and liabilities.
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Camden to consolidate custody services
[17:20 CEST 03-10] UK – Camden County Council is seeking a global custodian for its £730m (€927m) local authority pension fund as part of its restructuring process.
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EC to test feasibility of pan-EU researchers' pension
[17:05 CEST 02-10] EUROPE – The European Commission is seeking a contractor to conduct a feasibility study into the potential for developing a pan-European pension fund for researchers working across the EU.
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News
Swiss funds still favour real estate
[16:55 CEST 01-10] SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.
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Greece begins final phase of pension fund mergers
GREECE - The Greek Ministry of Labor and Social Security is pushing through the third and last restructuring phase for the local public pension system tomorrow by merging the 133 current funds into 13 new ones.
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News
Re-assess risk management now
[17:00 CEST 29-09] EUROPE – Towers Perrin has warned companies ned to make re-assessing the risk management actions of their corporate pension fund a top priority, in their bid to weather the current market turmoil.
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Dutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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Merchant Navy treads fiduciary path (updated)
[17:00 CEST 26-09] UK – Executives of the UK’s Merchant Navy Officers’ Pension Funds have asked existing investment consultant Watson Wyatt to alter its duties and effectively deliver fiduciary management to the pension plans.
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Kellermann hits back on fair value claim
[17:05 CEST 22-09] NETHERLANDS – Joanne Kellermann, executive director at the Dutch central bank DNB, has brushed off criticism of the fair value accounting of pension liabilities, at the same time as the regulator becomes the latest to ban naked short-selling.