All articles by Julie Henderson – Page 10
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News
Corridor, smoothing would assist pensions risk - EDHEC
[16:15 CEST 08-10] GLOBAL – Companies and pension funds must be allowed to continue to use the ‘corridor approach’ when assessing a sponsor’s pension fund liabilities under IAS19 as any move otherwise would encourage schemes to shed risky assets, according to research by the French business school EDHEC.
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News
Custody pricing models set to change
[11:00 CEST 07-10] GLOBAL – Pension funds should expect to see a change in the fees paid to custodians and firms delivering associated investor services, according to Northern Trust, because pricing structures no longer reflect the work undertaken.
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News
Mercer to set PACE on Co-op’s alternatives
[17:00 CEST 06-10] UK – The Cooperative Group’s £5bn (€5.39bn) Pension Average Career Earnings (PACE) scheme has signed Mercer to deliver implemented consulting on its alternatives investments portfolio.
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News
European pension fund considers enhanced passive mandate
[16:45 CEST 06-10] IPE-QUEST – A continental European pension fund is looking for a manager to take on a $300m (€206m) global developed markets enhanced passive equity mandate, and is conducting the search using IPE-Quest.
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News
Aviva to go ahead with Delta Lloyd IPO
[16:55 CEST 05-10] NETHERLANDS – Aviva has today confirmed it will float Delta Lloyd in a Dutch shareholder offering, although the parent group will continue to hold the majority share in the firm.
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News
Swiss consultant rewarded for pre-empting crisis
[16:20 CEST 05-10] SWITZERLAND/UK – Swiss pension fund consultant, Felix Kottman, has been awarded an honorary doctorate at the UK’s University of Birmingham, as his work predicting the recent economic crisis allowed the university pension fund to make positive returns, rather than lose money.
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News
FRR report mulls environment in investment policy
[16:20 CEST 02-10] FRANCE – Fonds de Reserve pour les Retraites, the €27bn French national pension fund, has published a working document on investment policy which reveals just how complex it is for pension funds to consider whether environmental issues should be factored into investments.
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News
RPMI shake-up brings new admin head
[13:30 CEST 02-10] UK - Pensions administrator RPMI has completed a major restructuring designed to boost its third-party business potential which will see Xafinity’s Robert Branagh become managing director for administration within the newly-streamed RPMI team.
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News
LPFA considers 'unitised' local government pensions
[12:45 CEST 02-10] UK – The London Pension Fund Authority, which manages €3bn in assets for local authority pension plans, is investigating the possibility of creating ‘unitised’ pension plans for local government schemes which essentially ringfence an employer’s asset allocation strategy but create economies of scale in the asset management.
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News
Eureko secures exit from Polish PZU row
POLAND – Eureko, the Netherlands-headquartered insurance group, has finally secured a financial settlement and exit strategy from its ownership of PZU following a long-running dispute with the Polish government.
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Features
Risk and human bias
Risk managers are being advised to take more notice of the human element when investing in the financial markets and economic theory cannot truly work unless it incorporates human emotional traits, according to research conducted by Investor Analytics and BNY Mellon Alternative Investment Services’.
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Features
Tide turns on PE balance of power
Calpers, the giant US public pension fund, announced in September that it would endorse principles set out by the Institutional Limited Partners Association (ILPA) to promote stronger alignment of interests between private equity limited and general partners. Experts in the private equity market are touting those principles as a foundation ...
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News
Wednesday people roundup (amended)
[15:30 CEST 30-09] GLOBAL – BNY Mellon AM, Avenir, Financial Supervisory Authority, Government Actuary’s Department, Gartmore, Skagen, Standard Life Investments, Aviva Investors, Profund, SNS Reaal, Insparo, UBS
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News
ITP calls in fund experts to assist tender review
[13:30 CEST 30-09] SWEDEN – Officials responsible for ITP, the Swedish white collar workers defined contribution pension scheme, are in the process of reviewing the entire operation and seeking advice from fund-related businesses on how to go about it, as the existing insurance wrapper contracts are due to expire next ...
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News
Pension fund takes share of Jessops in debt swap deal
[16:45 CEST 29-09] UK – Jessops, the chain of UK photographic stores, has been saved from administration by a deal which will see trustees of its defined benefit pension plan as well as an unnamed employee benefits trust take the majority stake in the company.
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News
Swisscanto expands its pensions potential
[16:50 CEST 28-09] UK – Swisscanto, the asset manager, has widened its European presence and is now planning to target UK pension fund investor, even though it has operated in the UK for over 20 years.
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News
Former Dexia chief to head up Belgium’s Amonis
BELGIUM – Hugo Lasat, the former chief executive of Dexia Asset Management, has just become the new head of the €1bn defined contribution pension fund for medical professionals, Amonis OFP.
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News
Comic book hero to draw Dutch pensions interest
[16:30 CEST 25-09] NETHERLANDS – SPF Beheer, the pension administrator to the Dutch railway and public transport workers’ pension schemes, has come up a novel way of communicating pensions with younger members by explaining key information via a comic strip.
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News
Dilworth surfaces as Allianz GI's German CEO
[15:30 CEST 25-09] GERMANY - James Dilworth, former head of European at Morgan Stanley Investment Management, is joining Allianz Global Investors Germany from 12 October as its new chief executive, ahead of major changes to its European operational strategies.
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News
Alpinvest picks up fresh ABP mandate
[16:00 CEST 24-09] NETHERLANDS – APG has extended an investment agreement with Alpinvest, the alternative investment manager, which will see it invest another €4bn on behalf of the ABP pension fund over the coming years.