All articles by Julie Henderson – Page 20
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News
Interest rate decline hits SPP’s Q1 return
[16:10 CEST 07-05] SWEDEN - SPP Livförsäkring AB, the Swedish pensions provider owned by Storebrand, saw its sales increase by 33% during the first quarter of this year but the firm still generated a negative return of SEK647m (€61.7m), according to its latest results.
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Inflows outdo BNP Paribas' losses
[16:45 CEST 06-05] EUROPE – BNP Paribas, the French-headquartered asset manager, managed saw higher inflows at the beginning of this year than the losses it suffered during market turmoil, according to first quarter financial results released today.
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Wednesday people roundup (amended)
[16:00 CEST 06-05] GLOBAL – People roundup: Sourcecap International, Henderson Global Investors, Calamos Investments, ECPI, Robeco, Hymans Robertson, Managing Partners Limited, ING Real Estate
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AFM extends UPO deadline
[15:00 CEST 06-05] NETHERLANDS - The Authority Financial Markets (AFM) has extended the deadline by which the Uniform Pension Statement must be send out by pension funds and insurers.
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Mercer saw manager searches put on hold
[16:20 CEST 05-05] EUROPE - European pension funds chose to largely focus on strategic issues during last year's financial markets turmoil rather than press ahead with manager or structural changes to their portfolios, according to consulting firm Mercer.
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Aberdeen AM sees fixed income outflows
[16:00 CEST 05-05] UK – Aberdeen Asset Management saw its asset under management fall in the first half of its financial year to the end of March by almost £8.5bn (€9.55bn) thanks largely to outflows from its fixed income.
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News
Employer reps can conflict pensions board, say trustees
[13:00 CEST 01-05] UK – Finance directors may be able to wear two hats and operate both on behalf a company and as a trustee of a pension scheme providing there are likely to be no significant disagreements over funding, according to trustees.
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UK and Germany yet to embrace sustainable investing
[16:45 CEST 30-04] GERMANY/UK –Two separate studies into attitudes towards responsible investing suggests UK pension funds and major German investors are looking at investments wth environmental and social governance (ESG) in mind, though further work is still needed to get all investors onboard as just a handful have fully embraced ...
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NewsBNP wins over Fortis Belgium shareholders
BELGIUM – BNP Paribas has finally won the support of Fortis shareholders and is now just awaiting regulatory approval to complete the long-running takeover of Fortis Belgium.
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News
Economic crisis could lengthen deficit recoveries
[16:00 CESt 30-04] UK – Calculations made by Towers Perrin suggest the current levels of corporate bond yields alongside growing defined benefit pension scheme deficits could lengthen funds’ recovery times to as much as 20 years.
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Wednesday people roundup
[16:30 CEST 29-04] GLOBAL – People roundup: ICGN, RiskMetrics, Hymans Robertson, Nordea, BNP Paribas.
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News
Mercer takes on competitors with ‘boutique’ research
[17:00 CEST 28-04] GLOBAL – Mercer, the pensions and investment consultant, has split out its investment manager research into individual asset class ‘boutiques’, in a bid to provide its pension consulting clients with more specialist investment manager data.
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News
AADB to test Mazars' role in PensCorp/ Thresher deal
[15:45 CEST 28-04] UK – The UK’s Accountancy and Actuarial Discipline Board (AADB) has launched an investigation into the advice given by an individual and by accounting and consultancy firm Mazars to trustees of the First Quench Pension Fund, which was bought in 2007 through a controversial deal by Pension ...
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News
Henkel creates global fiduciary pensions structure
[16:00 CEST 27-04] GLOBAL - Henkel, the Düsseldorf-based personal and consumer goods multinational, has completed what is thought to be the first global restructuring of pension schemes as a notional pooling structure and appointed three firms to manage its plans globally as custodian, fiduciary and risk manager.
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News
Talking Point: Larger reserves needed?
The Dutch pensions regulator, De Nerderlandsche Bank, has suggested local pension funds may in future need to hold larger surplus reserves to ensure their liablities can be met. But is this an issue all pension funds should now be considering?
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News
Danes to withdraw €3.3bn from pensions 'for luxuries'
[16:35 CEST 24-04] ATP, the manager of the Danish state-owned SP pension scheme, says approximately DKK25bn (€3.35bn) could be withdrawn from the scheme to be spent on luxuries by the Danish population when the government allows access to the assets later this year.
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News
Interest rate hedge doubles PME’s loss
[15:00 CEST 24-04] NETHERLANDS – PME, the industry-wide pension fund for Dutch metalworkers electricians, saw its assets under management fall by 1.4% in the first three months of this year as an earlier move to protect the fund against falling interest rates instead damaged its returns.
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News
Equity bounce limited PfZW and PMT falls
[16:15 CEST 23-04] NETHERLANDS – PfZW and PMT, the giant industry-wide pension funds for healthcare and metal industry workers, suffered losses of over 4% in the first quarter of this year, despite a slight recovery in equity markets last month.
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News
Pension funds turn to specialists and alternatives
[14:30 CEST 23-04] EUROPE – Pension funds are increasingly moving into alternatives but the next growth area could be in the expansion of specialist fixed income mandates and single strategy hedge funds, according to Mercer’s review of pension fund asset allocation.
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News
Wednesday people roundup
[15:30 CEST 22-04] GLOBAL – People roundup: Credit Suisse Asset Management, Legal & General IM, Hermes BPK Partners, Watson Wyatt, LaSalle IM
