All articles by Nyree Stewart – Page 27
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News
AP4 and Folksam target corporate bonds and loans
[16:45 CEST 03-09] SWEDEN – Fjärde AP-fonden (AP4), the Fourth Swedish National Pension Fund, has joined forces with Swedish insurer Folksam to invest in a vehicle targeting private corporate bonds and public corporate loans.
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News
Irish managed funds return 3% in August
[16:45 CEST 03-09] IRELAND – Irish managed pension funds have produced a positive return for the sixth month in a row, resulting in an average return of 14.5% in the first eight months of 2009.
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News
Camden to consider real estate increase
[16:55 CEST 02-09] UK – The London Borough of Camden is considering the next stage of the restructure of its pension fund investment portfolio including a potential increase in property.
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News
Lothian focuses on alternatives in new strategy
[17:00 CEST 01-09] UK – Lothian Pension Fund is set to increase its allocation to alternative assets from 24% to 35% in a gradual transition to its new investment strategy.
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News
Expert panel to review Norway Global active strategy
[16:30 CEST 01-09] NORWAY – The Ministry of Finance has appointed an international group of specialists to evaluate the active management of Norges Bank in relation to the Government Pension Fund – Global as part of an external review into the continuation of active management strategies.
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Features
Ireland: Crisis spurs change
Nyree Stewart assesses regulatory changes to Ireland’s pension system
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Country Report
PADA’s 2012 challenge
Nyree Stewart investigates how the Personal Accounts Delivery Authority is faring in its task of delivering a national low cost DC scheme within three years
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News
Kensington, Enfield and Falkirk seek managers
[17:00 CEST 28-08] UK – Three local authorities are tendering investment manager roles for their pension funds to cover UK property, active global equities and a passive portfolio.
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News
VER returns 5.3% on equity gains
[17:00 CEST 28-08] FINLAND – Improvements in equity markets helped Valtion Eläkerahasto (VER), the State Pension Fund, post a return of 5.3% in the first half of 2009.
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News
AP3 rises 5.2% but warns system rebalancing takes time
[16:55 CESt 28-08] SWEDEN – Tredje AP-fonden (AP3), one of the four buffer funds, reported a net first half return of 5.2%, but warned the pension system's balancing mechanism will still be activated in 2010 meaning pension benefits and entitlements will not be indexed in line with wage growth.
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News
Nottingham considers pension merger
[16:55 CEST 27-08] UK – Nottinghamshire County Council is considering a potential merger of its two Local Government Pension Scheme (LGPS) funds, ahead of the next triennial valuation in 2010.
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News
Barnet considers search for custodian
[16:50 CEST 27-08] UK – The London Borough of Barnet is preparing to tender for global custodian services for its £481m (€546m) pension scheme for the first time.
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News
Norway domestic pension returned 12.8%
[16:45 CEST 27-08] NORWAY – The Government Pension Fund – Norway achieved an investment return of 12.8%, or NOK11bn, in the first half of 2009 as the total value of its investment assets reached NOK98.9bn (€11.4bn).
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News
AP1 changes yield 6.7% return
[17:25 CEST 26-08] SWEDEN - Första AP-fonden (AP1), the First Swedish National Pension Fund, has reported a net first-half return of 6.7%, following the implementation of a new investment model.
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News
Oil returns drive ATP's DKK3.3bn profit
[17:20 CEST 26-08] DENMARK – ATP Group has reported a first-half profit of DKK3.3bn (€443m) as its investment portfolio achieved a market return of 3%, or DKK11bn gross, thanks to positive returns in four of its five investment risk classes.
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News
Ulster and RBS salary cap plans ignite unions
[17:15 CEST 26-08] UK – Planned changes by Ulster Bank and its parent company Royal Bank of Scotland to its defined benefit (DB) schemes, such as capping pensionable salary at 2% or the rate of inflation have met with resistance from trade unions.
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News
Cumbrian pensions funding drops to 56%
[16:45 CEST 25-08] UK – The Cumbria County Council pension fund had a 56% funding level at the end of March 2009, according to figures from the council's statement of accounts.
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News
AP2 seeks global credit managers
[16:35 CEST 25-08] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is seeking external global credit bond managers for mandates valued at up to $600m (€418m).
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News
Equities bring AP4 a strong first-half return
[16:30 CEST 25-08] SWEDEN – Fjärde AP-fonden (AP4) the Fourth Swedish National Pension Fund, reported a gross first-half return of 7.9% as its 60% allocation to equities benefited from the recent stock market improvements.
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News
AP2 generates 6.4% gain
[16:10 CEST 24-08] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, has managed to undo some of the losses from last year as active in-house management of certain investments helped generated a first half return of 6.4% on its portfolio.