All IPE articles in September 2010 (Online) – Page 6
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NewsSwiss roundup: BVK, AFIAA, Canton Pensionskassen
SWITZERLAND – A parliamentary commission has been set up to investigate allegations of corruption at the Swiss public fund BVK.
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NewsObituary: Koen De Ryck – 'father of European pensions'
EUROPE – It is with deep regret that IPE reports the recent death Koen De Ryck, 66.
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NewsMandate roundup: IPE Quest, Cardiff & Vale of Glamorgan, Aberdeen Asset Management, Hymans Robertson
EUROPE – A Scandinavian institutional investor is looking for a manager for a $90m (€68m) global bond mandate, using IPE Quest.
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NewsAsset managers must bolster business models to stay afloat, says Fitch
EUROPE – European asset managers must restore investor interest in actively managed investment and strengthen the resilience of their business models, Fitch Ratings has said.
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NewsGerman companies keeping workers in dark on pension schemes
GERMANY – The number of occupational pension schemes would be much higher in Germany if employees were better informed, according to a survey by the Institute for Management and Economic Research (IMWF).
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NewsDenmark's Sampension returns 14% in first half
DENMARK – Major Danish pension fund Sampension reported a 14% pre-tax profit on investment for its with-profits scheme for the first half, bouncing back from a 3% loss in the same period last year due largely to bonds and Danish equities.
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NewsEuropean asset management hubs losing ground to Asian rivals, says PwC
GLOBAL – PricewaterhouseCoopers has predicted that Singapore will overtake London and Boston as the second-largest asset management hub in the world in the next 15 years.
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NewsTowers Watson questions liquidity of 100-year bonds
EUROPE – Towers Watson has argued that pension funds have little to gain from investing in centenary bonds, as the often small issuance results in an inherently illiquid market.
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NewsWednesday people roundup
GLOBAL – State Street Bank, Hermes BPK Partners, Merrill Lynch Wealth Management, Nordea, Altira Advisory, Dow Jones Indexes, Mercer, Xafinity Claybrook
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NewsInterest hedge sweeps Dutch cleaners pension scheme
NETHERLANDS – The €1.8bn pension fund for cleaners and window cleaners saw its 14% return on investments fall by 7.7 percentage points, largely due to its 75% hedge of the interest risk on its liabilities.
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NewsFalling bond yields hitting DB schemes worldwide, says Mercer
EUROPE – Falling corporate bond yields are wreaking havoc on the balance sheets of companies with defined benefit (DB) schemes, Mercer has said.
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NewsTributes pour in for Koen De Ryck
EUROPE – Koen De Ryck, who died age 66 last week, has been hailed by former colleagues for his hard work in establishing the European Federation for Retirement Provision (EFRP) as a powerful lobbying group on the continent.
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NewsPolicymakers turning blind eye to problem of deflation, says ING
GLOBAL – Policymakers for the world's larger economies have turned a blind eye to the very real risk of deflation, according to ING Investment Management.
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NewsUK roundup: Aviva, Deloitte, JLT Benefit Solutions, DWP
UK – The UK is now straddled with a bigger pensions gap per individual than any other country in Europe.
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NewsAsset managers set to consolidate, increase scale, says State Street
GLOBAL – Fewer and bigger players applying capabilities across a broad range of asset classes and strategies to deliver solutions rather than products – is the future of Europe's asset management industry as it goes through "unprecedented" change, according to State Street's latest VisionFocus.
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NewsEFAMA urges separate panel devoted to asset management for new EU supervisor
EUROPE – The director general of the European Fund and Asset Management Association (EFAMA) has called for the creation of a consultative panel for asset management matters, as part of a pan-European supervisory body recently agreed by the European Parliament.
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NewsSwiss government 'reluctant' to take legal action against former UBS board
SWITZERLAND – Taking legal action against the former board at UBS has to be weighed against public pension funds' interests, as they will have "little interest" in paying large sums for lawsuits, Swiss finance minister Hans-Rudolf Merz has told parliament.
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NewsUK roundup: British Airways, USS, Stewardship Code, Mercer, Scottish Widows
UK – British Airways (BA) and Iberia have moved one step closer to a merger, after the Spanish airline's board of directors said it was satisfied with the recovery plan worked out between BA and its pension fund trustees.
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Fiduciary management outperformed during financial crisis, says P-Solve
UK – Fiduciary management has significantly outperformed both equities and diversified static indices during the financial crisis, with a lower level of volatility, according to P-Solve.
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NewsHewitt: Ireland has highest reserve rates in Europe
IRELAND – Irish defined benefit (DB) schemes require the largest reserves out of 10 European countries, data from Hewitt has revealed.
