All articles by Nyree Stewart – Page 81
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News
AP6 and AP7 report positive returns
[16:00 CET 04-03] SWEDEN – Sjätte AP-fonden, the Sixth Swedish National Fund (AP6), reported a total net profit of 13.1% in 2007, which increased the fund capital to SEK 19.6bn (€2.1bn).
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Hammersmith & Fulham move towards dynamic asset allocation
[15:55 CET 04-03] UK – The London Borough of Hammersmith and Fulham pension fund is seeking a dynamic asset allocation manager to run a mandate worth £120m (€157m).
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Investment managers may pay for 'money guidance'
[16:50 CET 03-03] UK – Investment managers responsible for the assets of occupational pension funds should contribute to the funding of a new national system of "money guidance" expected to cost £49m (€64m) a year, an independent review has revealed.
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Islington seeks managers and eyes GTAA after review
[16:00 CET 03-03] UK – The London Borough of Islington pension fund is seeking managers for global equity and bond mandates, valued at up to £400m (€522m), and is keeping a watching brief on a possible move to global tactical asset allocation (GTAA).
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Good governance increases returns by 18%
[11:30 CET 03-03] UK – Companies with the best corporate governance procedures have delivered returns 18% higher than firms with poor governance, the Association of British Insurers (ABI) revealed.
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EPO seeks admin help for cross-border DC
[16:45 CET 29-02] EUROPE – The European Patent Office (EPO) is seeking an administration provider to help with the establishment of a new cross-border defined contribution scheme.
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IAPF favours SSIA over mandatory approach
[16:35 CET 29-02] IRELAND – The Irish Association of Pension Funds (IAPF) has warned the government adopting a mandatory approach to pensions would "exacerbate" the current problem of low contribution levels, and argued a type of special savings incentive account should be introduced instead.
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Rothesay Life completes first deal with Rank buyout (amended)
[14:00 CET 29-02] UK – In the largest pension buy-out deal to date, Rank Group has agreed to transfer its £700m (€913m) defined benefit scheme to Rothesay Life, a subsidiary of Goldman Sachs.
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Search for alpha increases fees by 50%
[11:00 CET 29-02] GLOBAL - Pension funds are paying 50% more in fees compared to five years ago, following an increased appetite for 'alpha' in the form of hedge funds and private equity, Watson Wyatt has revealed.
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Gov't targets 'commodity' treatment of pensions
[15:15 CET 28-02] UK – The UK government has confirmed it is "urgently" looking at ways to address concerns that the buy-out market seems to be treating pensions "as just another commodity".
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University of Leeds reviews equity managers
[15:00 CET 28-02] UK – The University of Leeds is seeking active UK and overseas equity managers to run a five-year mandate for its Pension and Assurance Scheme (PAS).
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Norway appoints Partners Group for real estate advice
[14:30 CET 28-02] NORWAY – The Norwegian Ministry of Finance has appointed Partners Group to provide real estate consultancy services to the NOK 2.1trn (€265bn) Government Pension Fund - Global.
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Governance key to reducing pension risks
[13:30 CET 28-02] UK – Around 60% of senior executives believe improved governance and decision-making is the best way to reduce the impact of pensions risk on company finances.
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News
PPF sets March deadline on parental guarantees
[16:30 CET 27-02] UK – Pension schemes using parental guarantees as a contingent asset could face an increased Pension Protection Fund (PPF) levy if they fail to re-certify the guarantee before the end of March, Lane Clark & Peacock (LCP) has warned.
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Merchant Navy alters course on 'no chief exec'
[16:00 CET 26-02] UK – The £3.2bn (€4.3bn) Merchant Navy Officers Pension Fund (MNOPF) has appointed Andrew Waring as its new chief executive.
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Ireland to regulate 'poor' pensions admin
[15:45 CET 26-02] IRELAND – The Irish government is to start regulating third-party administrators where they carry out scheme administration on behalf of trustees in an attempt to improve 'poor' standards.
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NewsLighthouse authority seeks actuarial help for new scheme
[15:30 CET 26-02] UK – The Northern Lighthouse Board is seeking a provider of actuarial services to help support its existing pension scheme and establish a new scheme.
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News
Trustees need to 'do better' on conflict management
[12:30 CET 26-02] UK – The Pensions Regulator (TPR) has issued a consultation on trustee guidance over possible conflicts of interest, which it expects to trigger a "marked improvement" in conflict governance.
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Paternoster secures Chrysalis deal
[16:30 CET 25-02] UK – Paternoster has agreed a buyout deal for the pension scheme of independent music company Chrysalis Group, which brings the total assets secured by the insurer to more than £1.6bn (€2.1bn).
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Haringey seeks investment and actuarial services
[16:10 CET 25-02] UK – The London Borough of Haringey is seeking a provider of investment and actuarial services for its pension fund.
