All articles by Nyree Stewart – Page 28
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News
Shropshire awards bond mandate to boutique
[15:15 CEST 24-08] UK – Shropshire County Council has awarded a new global bonds mandate for its £820m (€944.5m) pension fund to US boutique firm Strategic Fixed Income.
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Alecta posts 2.2% H1 return
[17:15 CEST 21-08] SWEDEN – Alecta has revealed the value of its investments increased by SEK6.4bn (€630m) in the first half of 2009, following an overall return of 2.2%.
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Ilmarinen investments jump €2bn on 6.6% return
[17:10 CEST 21-08] FINLAND – Ilmarinen Mutual Insurance Company has reported an increase in its investment assets of €2bn in the first half of 2009, as it revealed its "best ever quarter" in terms of investment performance.
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UK self-certified schemes to require 7.6% contribution
[17:00 CEST 21-08] UK – Initial draft regulations outlining the requirements under which employers will be able to "self-certify" that their existing pension scheme meets the criteria for auto-enrolment, are likely to require a minimum contribution threshold of 7.6% of qualifying earnings, IPE has learned.
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Charity lobbies local gov't pensions over mining
[16:45 CEST 20-08] UK – A number of local authority pension funds are coming under pressure from the charity ActionAid to use their investments in mining firm Vedanta to stop an open pit mine in India.
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Finnish H1 pension figures stay positive
[16:00 CEST 20-08] FINLAND – Three of Finland's mutual pension insurance companies have posted positive first half results, but Tapiola Pension yielded the highest return of 4.9%.
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Scottish Enterprise appoints Mercer and Hymans
[15:45 CEST 20-08] UK – Scottish Enterprise, the organisation established to further the development of Scotland's economy, has appointed two new advisers to its £370m (€428.4m) defined benefit (DB) pension fund.
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NBIM expects transparency over water management
[16:45 CEST 19-08] NORWAY – Norges Bank Investment management (NBIM) has warned companies that it invests in on behalf of the Government Pension Fund – Global must take a "long-term approach to the issue of water", and consider the impact of local communities on water and sanitation challenges.
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UK DC assets rise almost 7% in July
[16:40 CEST 19-08] UK – The combined value of the UK's defined contribution (DC) pension assets rose by £31bn (€36bn) in July and returned schemes collectively to the same levels recorded in September 2008, suggests data presented by Aon Consulting.
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Northants tenders global equities and bonds
[16:45 CEST 18-08] UK – Northamptonshire County Council is tendering two new investment mandates for global equities and bonds, following a review of its £866m (€1.01bn) pension fund's investment strategy.
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Positive gain for Varma ups assets by €2bn
[16:50 CEST 17-08] FINLAND – Varma Mutual Pension Insurance Company reported a first half return of 4.6%, resulting in the value of the investments increasing by almost €2bn to €26.5bn.
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Lincolnshire seeks global equity manager after strategy review
[16:40 CEST 17-08] UK – Lincolnshire County Council has initiated a tender search for one or more managers to run a £200m (€231.9m) global equity portfolio for its local government pension scheme, following a review of its asset allocation strategy.
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News
Norway-Global to drill water management
[16:00 CEST 17-08] NORWAY – A revised strategy for active ownership has been adopted by the Executive Board of Norges Bank for the Norway Government Pension Fund – Global, to include a new focus area on water management.
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News
ITV could have cut pensions deficit by £100m
[16:15 CEST 07-08] UK – ITV's pensions deficit had increased to £538m (€631m) on an IAS19 basis by the end of June. But the company has claimed this deficit could have been reduced by up to £100m if its proposals had been in place to cap pensionable salary increases to ...
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News
Keva posts 6.5% return in H1
[16:55 CEST 06-08] FINLAND - Kuntien eläkevakuutus (Keva), the local government pension institution, generated a return on its investments of 6.5% in the first half of 2009 following a continued rally from equity markets.
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Irish funds rose 6% in July
[16:40 CEST 06-08] IRELAND – Irish managed funds reported a positive performance for the fifth month in a row, after they returned of 6% in July.
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News
Partners Group wins Bucks alternatives mandate
[16:30 CEST 06-08] UK – Buckinghamshire County Council has awarded an alternative assets mandate to Partners Group on behalf of its £1bn (€1.17bn) local government pension scheme.
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News
TPR to use direct marketing for employer compliance
[15:30 CEST 06-08] UK – The Pensions Regulator (TPR) has signalled its intention to use direct marketing services as an initial step to inform employers and their advisers of their duties, under the new auto-enrolment requirements beginning in 2012.
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News
AIB aggregate deficit exceeds €1.2bn
[15:00 CEST 05-09] IRELAND – The pensions deficit of Allied Irish Banks (AIB) - one of the institutions recapitalised by the National Pension Reserve Fund (NPRF) - rose by more than €150m in the first half of 2009, to €1.26bn.
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Barra wins NPRF risk management contract
[14:00 CEST 05-08] IRELAND – The National Treasury Management Agency (NTMA) has appointed Barra International to provide a risk management system for the €19.4bn National Pension Reserve Fund.
