All IPE articles in September 2010 (Online)
View all stories from this issue.
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NewsUK pensions regulator faces legal challenge from Nortel, Lehman Brothers
UK – The Pension Regulator (TPR) is facing a legal challenge from Lehman Brothers and Nortel Group over two Financial Support Directions (FSD) totalling £2.3bn.
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NewsRatings agencies 'inadvertently' destabilised market, says IMF
GLOBAL – The International Monetary Fund (IMF) has urged regulators to rely less on credit ratings agencies (CRAs), as the way ratings are employed has "inadvertently" led to financial instability in the recent global crisis.
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NewsAdjustment of existing Dutch pension contracts 'inevitable', experts say
NETHERLANDS – Dutch pension funds' existing pension contracts will have to be adjusted to have enough impact on the financial position of funds with shortfalls, risk management experts have claimed.
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NewsSwiss roundup: Complementa, Swisscanto, second-pillar reform
SWITZERLAND – The true amount of asset management fees paid by Swiss Pensionskassen is unclear and difficult to compare, according to consultancy Complementa.
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NewsUK roundup: Arnold Laver Pension Scheme, Pension Insurance Corporation, PPF, NAPF, KPMG
UK – Trustees of the Arnold Laver Pension Scheme have entered into a pension insurance buyout deal with Pension Insurance Corporation (PIC).
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NewsIrish DB pension schemes at 'tipping point', says Mercer
IRELAND – Defined benefit pension schemes in Ireland have reached the "tipping point", and the government will need to take urgent action to save them, according to Mercer.
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NewsLack of long-term policies dissuading low-carbon investors
EUROPE – A lack of long-term policies has cut institutional investor appetite for low-carbon investment, according to research conducted by international law firm Norton Rose on behalf of the Institutional Investors Group on Climate Change (IIGCC).
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NewsBerkshire pension fund considers exposure to emerging market currencies
UK – The £1bn (€1.1bn) Royal County of Berkshire is looking to explore its investment options by inviting managers to pitch the advantages of an emerging markets currency portfolio, as well as methods of addressing investment and liability tail risk.
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NewsSwisscanto justifies pension funding statistics
SWITZERLAND – Swisscanto has defended its figures on funding levels of Swiss Pensionskassen, saying divergences with official stats can be explained by differing samples and methods.
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NewsRegulatory pressure to invest in bonds could kill economy, says Belgium's Neyt
EUROPE – Europe is running the risk of "killing" its own economy by applying regulatory pressure on pension funds to make them invest in bonds, according to Philip Neyt, president of the Belgian Association of Pension Institutions.
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NewsFrance's proposed changes jeopardising AIFM directive, says Hewitt
EUROPE – Moves by the French government to change the Alternative Investment Fund Management (AIFM) directive are jeopardising the new regulation and could render it meaningless, Hewitt has warned.
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NewsSignatories to Principles for Responsible Investment surge by 30%
GLOBAL – Signatories to the UN's Principles for Responsible Investment (PRI) initiative have jumped by more than 30% since July 2009.
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NewsWednesday people roundup
GLOBAL – Hewitt Associates, Mercer, Northern Trust, BT Investment Management, Sturgeon Ventures, Patrizia Immobilien, Fidelity Investment Managers
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NewsDutch watchdog putting final touches on two-tier financial assessment framework
NETHERLANDS – A new dual-approach financial assessment framework (FTK) will offer Dutch pension funds the option of providing their participants either nominal security or arrangements that target a real coverage ratio but depend on market developments and longevity.
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NewsUK roundup: Hewitt Associates, Barnett Waddingham
UK – Hewitt Associates has warned of a new wave of benefit reviews, as pension schemes come to terms with regulations on pension tax relief and the switch to the consumer price index (CPI).
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NewsTender roundup: West Midlands, Lancashire
UK – The £6bn (€7.1bn) West Midlands Authorities Pension Fund is seeking advice on the formulation of its latest investment benchmark, which it reviews annually.
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NewsSweden's AP3 reorganises fund, appoints Hagerud as CIO
SWEDEN – Sweden's third buffer fund AP3 has promoted its head of alpha and beta management to head of asset management and executive vice-president of the board in a shake-up of the organisation's structure.
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NewsLuxembourg's Alfi supports creation of UCITS-backed European Retirement Plans
EUROPE – The Association of the Luxembourg Fund Industry (ALFI) has thrown its weight behind the creation of Officially Certified European Retirement Plans backed by UCITS investment funds.
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NewsGerman province to promote fund-based pensions
GERMANY – The German province of Hessen is aiming to increase the share of small and medium-sized enterprises in the second pillar by promoting fund-based pensions.
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NewsNorges Bank files $735m suit against Citigroup over inflated stock prices
GLOBAL – Norges Bank has filed a $735m (€562m) lawsuit against Citigroup, claiming it bought shares in the group at inflated prices between 2007 and the beginning of 2009.
