All articles by Julie Henderson – Page 33
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News
Cresswell leaves Lehmans’ pensions team
[17:05 CEST 12-06] EUROPE – Nigel Cresswell, head of the Lehman Bros' pensions advisory team for Germany and Switzerland, has resigned after just a year with the firm, IPE has learnt.
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Analysis
Analysis: The LDI analogy of pensions and airlines
[13:00 CEST 11-06] EUROPE - The move to liability-driven investment strategies has been a hot topic over the last two years. But discussion with consultants has revealed pension funds are still not adopting the strategy’s full process, even though the break-even rate on 40-year inflation has now hit a new ...
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News
France presses call for Solvency II on pensions
[16:55 CEST 10-06] EUROPE – The French government is reiterated calls for a 'level-playing field' and argued all pension funds should be included under the requirements of the Solvency II directive, just weeks before it takes over the EU presidency.
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News
Danish pension fund pursues quest for equity
[16:55 CEST 06-06] DENMARK – A Danish corporate pension fund is searching for an active investment manager to handle a $70m (€50m) All-Cap Value global equity mandate, using IPE Quest.
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News
OECD reaches 'proportional' safeguards to SWFs threat
[16:30 CEST 06-06] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has managed to secure agreement between governments they will apply investment safeguards considered “proportional to clearly-identified national security risks” where sovereign wealth funds (SWFs) attempt to invest in domestic assets.
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News
Greek occupational fund selects manager
[17:00 CEST 03-06] GREECE – Alpha Trust Mutual Funds Company has been appointed by the Economic Chamber of Greece pension fund, one of Greece’s four occupational pension funds, to look after a balanced managed mandate of behalf of its members.
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News
Devon seeks managers after Capital sacking
[15:30 CEST 03-06] UK – Devon County Council has sacked Capital International as one of the asset managers to its £2.19bn (€2.76bn) pension fund and is now searching for new managers to look after three global fixed income and equity mandates.
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News
ESG push sees AP7 withdraw weapons
[16:15 CEST 02-06] SWEDEN – AP7, the Swedish pension fund buffer, is selling its equity stake in 10 companies producing cluster bombs and nuclear weapons, as part of its environmental, social and governance (ESG) negative screening policy.
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News
PPF ‘war chest’ levy doubles pensions pressure
[16:50 CEST 30-05] UK – Pensions consultants have warned the new Pension Protection Fund (PPF) levy to be charged on UK pension funds in 2008/09 will effectively leaving pension fund “running to stand still” because of the unexpectedly high increase in fees.
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News
Regulator moves to pension fund
[16:30 CEST 30-05] SWEDEN - Ingrid Bonde, director-general of the Swedish regulator Finansinpektionen, is stepping down from her current to take a job at one of the country’s largest pension funds.
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Analysis
Analysis: The struggle to balance pensions accounting standards
[15:30 CEST 27-05] UK/GLOBAL - Discussion around Accounting Standards Board (ASB) proposals for pensions accounting reforms really began in earnest last week, and what an uphill struggle it seems ASB officials face.
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News
Sponsors to push for increased VaR focus
[17:00 CEST 20-05] UK/EUROPE – Scheme sponsors are likely to begin pushing for increased focus on pensions risk management, according to consultancy firm Redington Partners, in the wake of increasing regulatory focus on asset risk factors such as ‘value-at-risk’ (VAR).
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News
North Yorks pension moves into property (amended)
[16:00 CEST 20-05] UK – The £1.2bn (€1.5bn) North Yorkshire County Council pension fund is adjusting its asset allocation and moving into real estate investment, as well as searching for an overseas equity manager.
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News
LAPFF widens focus on climate change engagement
[16:55 CEST 19-05] UK – The UK’s Local Authority Pension Fund Forum (LAPFF) has welcomed news from energy giant British Gas stating it is cutting its emissions target by 8%, but is now turning its attention to other sectors of the market in a bid to encourage improved corporate governance.
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News
Leicestershire to move out of gilts
[16:30 CEST 19-05] UK – Leicestershire County Council’s pension fund management board is following the recommendation of its investment consultant and increasing its total returns strategy by moving out of government bonds.
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News
Norway global fund "to grow 14%"
[15:45 CEST 19-05] NORWAY – Norwegian finance officials are predicting the Norway Pension Fund – Global will increase its market value by over 14% this year, having now pulled its assets back up to the level achieved by the end of 2007.
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News
Mercer shakes up investment consulting
[11:03 CEST 19-05] GLOBAL – Consulting firm Mercer has just announced a series of major changes to its senior investment consulting arm, including the appointment of Andrew Kirton as global head of the operation.
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News
DAF scheme solders deal with PME
[16:50 CEST 16-05] NETHERLANDS – DAGF, the €400m pension scheme for metal workers, has rejoined PME, the industry-wide pension scheme, to gain economies of scale under increasing regulatory pressure.
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News
PFA arrival widens external manager focus
[14:00 CEST 14-05] DENMARK - PFA Pension is boosting its external management team in a bid to increase alpha returns for its members, and has managed to lure Danske Bank’s fund selection chief to head it up.
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News
PADA to bring in personal account advisers
[16:40 CEST 12-05] UK – The Personal Accounts Delivery Authority (PADA) has begun search for three groups of specialist advisers to support the implementation of the personal accounts pension regime, due to begin in 2012.