All articles by Julie Henderson – Page 13
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News
Fund managers return to client priorities - Investit
[12:30 CEST 07-08] GLOBAL – The recent economic crisis has forced asset managers to rethink their priorities away from sales and product development in favour of risk transparency and client information delivery, suggests a study conducted by Investit.
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News
Aviva to float Delta Lloyd
[16:10 CEST 06-08] GLOBAL – Aviva is planning to float some its holding in Delta Lloyd, the Netherlands-headquartered life insurance operation, in a bid to give the firm more capital and ahead of what officials claim will be consolidation in the Netherlands.
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News
Pensions risk could lead to use of 'EBITDAP' - LCP
[16:50 CEST 05-08] UK – Pensions consultancy firm Lane, Clark & Peacock has predicted companies might in future adapt their accounting reports to carry financial results which list pensions activity as an extension of their ‘EBITDA’ calculations.
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Belgian pensions make Q2 comeback
BELGIUM – Belgian pension funds have pulled back some of the losses seen in the financial turbulence of last year, as a strong performance in all sectors lifted funds within the second quarter, suggests data from Mercer.
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Wednesday people roundup
[13:00 CEST 05-08] GLOBAL – PGGM Investments, Hermes Fund Managers, Redington Partners, Gartmore, Ignis Asset Management, T.Rowe Price
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NewsAIFM could cost pension funds €25bn a year
[15:30 CEST 04-08] GLOBAL – The Alternative Investment Fund Managers (AIFM) Directive could cost European pension funds €25bn a year through charges and lower investment returns if is implemented in its current form, the Alternative Investment Management Association has claimed.
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NewsInvestors slam Myners' two-tier shareholder plan
[16:45 CEST 03-08] UK – Investors and bodies representing pension funds have criticised a proposal by UK City minister Lord Myners to boost investor engagement by creating a ‘two-tier’ shareholder regime.
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More Greek reforms needed to alter 'generous' pensions - OECD
GREECE – The Greek government needs to consider yet more reforms to its pensions regime, including a major overall of actuarial calculations used as current projections suggest its public pension payments will account for 24% of GDP in 40 years’ time, suggested a report produced by The Organisation for Economic Cooperation and Development.
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NewsUK could face 'inconsistent' legal actions
[13:00 CEST 03-08] UK – Development of a route for tackling shareholder actions has taken an unexpected route in the UK which lawyers claim could be more complicated than a US-style legal-based civil action framework and is likely to create inconsistencies among cases.
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NewsBorland to leave Hymans Robertson
[16:00 CEST 31-07] UK – Russell Borland, managing partner at Hymans Robertson, is stepping down from his role and retiring from the firm for health reasons, the consultancy has announced.
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NewsDutch pension fund to invest in US debt
[16:25 CEST 30-07] IPE QUEST – A Dutch pension fund is looking to invest $150m (€106m) in US investment grade debt, using IPE-Quest.
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NewsBT and BAE hit by wider pension deficits
[16:15 CEST 30-07] UK – The BT Pension Scheme is still the UK’s largest pension scheme but financial figures published today show its deficit widened to a massive £8bn (€9.38bn) gross in the first quarter of its telecoms sponsor’s financial year, while BAE’s UK pensions deficits is now at over ...
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News
Consultancy attains independent trustee status
[12:00 CEST 30-07] IRELAND – Attain Consulting is tapping what it expects to be the next big growth market in pensions and investment consulting by launching a separate independent trustee business to assist Irish company pension schemes.
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NewsMangustaRisk to conduct Fondo Cometa review
[16:30 CEST 29-07] ITALY – Fondo Cometa, Italy’s largest pension fund, has asked MangustaRisk to review all nine of its existing investment manager mandates, which in total are currently worth €4.3bn.
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NewsPensions deficit adds to BAA loss
[16:15 CEST 29-07] UK – BAA, the UK airports operator, suffered a £575m loss in the first half of this year, and almost half of this was generated by its defined benefit pension fund.
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NewsWednesday people roundup
[13:00 CEST 29-07] GLOBAL – AIC, Henderson New Star, Ignis Asset Management, Axa Rosenberg, Watson Wyatt, Gartmore, RWC Partners, SGSS
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News
Surplus assets reduce on BP pension
[17:00 CEST 28-07] UK – BP, the petroleum company, today revealed its post-retirement and defined benefit plan liabilities rose in value a fraction between December 2008 and June 2009, from £10.43bn (€12.09bn) to £10.52bn, yet the scheme remains in surplus as the fund’s assets under management were £11.555bn at the end of last year.
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News
Merchant Navy asks KPMG to review 'delegated CIO'
[14:30 CEST 27-07] UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has tasked KPMG with assessing whether Watson Wyatt should continue as its ‘delegated CIO’ or whether a new fiduciary manager should be appointed.
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News
AIFM could bring less fund choice, claims law firm
[17:00 CEST 24-07] EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
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News
PfZW maintains 100% cover ratio
[16:00 CEST 23-07] NETHERLANDS – Pensioenfonds Zorg & Welzijn, the Dutch pension fund for care and welfare workers, has managed to hold onto the 100% cover ratio achieved by the end of May, thanks to a strong second quarter of gains in most asset classes.
