All articles by Nyree Stewart – Page 83
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NewsQuant strategies helped "intensify" financial crisis
[12:00 CET 15-02] UK/GLOBAL – Quantitative strategies are "partly guilty" of market distortion as "sudden de-levering" helped intensify equity market corrections, Barclays Capital has revealed.
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NewsNorway seeks independent evaluation of NBIM
[16:15 CET 14-02] NORWAY – The Norwegian Ministry of Finance is seeking a consultant to evaluate and monitor the performance of the NOK 2.084trn (€262bn) Government Pension Fund – Global.
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NewsTPR to introduce mortality funding 'trigger'
[15:30 CET 14-02] UK – The Pensions Regulator (TPR) has confirmed it intends to consult on the introduction of a "trigger" for pension scheme valuations based on mortality assumptions.
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RPMI appointed TPA for MPs DB scheme
[12:00 CET 13-02] UK – RPMI has been appointed to provide the pension administration services to the House of Commons Parliamentary Contributory Pension Fund (PCPF).
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Midas and Iimia MitonOptimal in £100m merger
[11:30 CET 13-02] UK – Midas Capital Partners and iimia MitonOptimal have agreed terms for a merger, which would create a multi-asset fund management company with more than £2.9bn (€3.9bn) assets under management.
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NewsWeak equities increase DB deficit by over £40bn
[15:30 CET 12-02] UK – The aggregate deficit of almost 7800 defined benefit schemes increased by more than £40bn (€54bn) in January to record the highest deficit for almost two years, the Pension Protection Fund (PPF) has revealed.
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EU must not favour cross-border DC "at expense" of DB
[11:00 CET 12-02] EUROPE – EU member states need to avoid over-regulating and discouraging defined benefit (DB) schemes in favour of a cross-border defined contribution (DC) pensions system, Barnett Waddingham has warned.
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Durham completes asset allocation 'shake-up'
[15:30 CET 11-02] UK – Durham County Council has completed its shake-up of the local authority pension fund's investment strategy, and replaced three balanced mandates with six awards, including an 8% allocation to global property.
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PRSA assets reach €1.25bn in 2007
[14:30 CET 11-02] IRELAND – Assets held in Personal Retirement Savings Accounts (PRSAs) increased to €1.25bn by the end of 2007, according to the latest figures from the Pensions Board.
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Trustees increase demand for buyout advice
[13:30 CET 11-02] UK – An increasing number of employers and trustees are demanding specialist buyout advice as they consider the options for risk management of the scheme, Lane Clark & Peacock has reported.
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Mortality changes add £6bn to FTSE100 liabilities
[13:30 CET 08-02] UK - Nearly 50% of the defined benefit schemes in the FTSE 100 changed their mortality assumptions over the last year, adding more than £6bn (€8bn)to pension scheme liabilities, Watson Wyatt have claimed.
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Emerging markets lifts AP2 assets
[12:15 CET 08-02] SWEDEN – Andra AP Fonden (AP2) has reported an increase in its capital assets of SEK 10.7bn (€1.1bn) to SEK 227.5bn (€24.1bn) following a strong performance from investments in emerging and Asian markets.
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Gov't guilty of injustices "beyond financial losses"
[11:15 CET 08-02] UK – Pension campaigners have claimed a legal victory over the UK government after the Court of Appeal ruled the government misled 125,000 people about the safety of their pensions and caused injustices "beyond financial losses".
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TVM awards ING/AZL €450m fiduciary mandate
[16:50 CET 07-02] NETHERLANDS – TVM Verzekeringen has appointed ING/AZL to provide fiduciary management services for its entire €450m investment portfolio.
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Sea Containers agrees trustee deal
[16:45 CET 07-02] UK – Sea Containers Limited has withdrawn its appeal against two Financial Support Directives issued by The Pensions Regulator, as it has agreed a deal with pension trustees
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Pension Fennia sees returns halved
[12:30 CET 07-02] FINLAND – Pension Fennia has reported investment returns fell more than four percentage points to just 4.1% in 2007, following continued instability in the equity markets.
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West Midlands awards £1.3bn currency hedging mandate
[16:30 CET 06-02] UK – The £7.9bn (€10.6bn) West Midlands Metropolitan Authorities Pension Fund has appointed JPMorgan to provide currency hedging for its non-UK assets.
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Govt stops enhancements to NI teacher scheme
[17:00 CET 06-02] UK – The Northern Ireland Department of Education is refusing to fund any more enhanced pensions for college lecturers following an increase in the number of early retirements.
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Irish funds see biggest monthly fall in over five years
[13:40 CET 06-02] IRELAND – Group managed pension funds fell 6.7% in January, the largest monthly fall since September 2002, after Société Générale "exacerbated" volatility in the global equity markets.
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Trustee support 'key battle' for private equity
[11:00 CET 06-02] UK – Private equity firms need to work harder to win over pension trustees, as 72% are fearful about possible private equity acquisitions, Aon Consulting has revealed.
