BELGIUM - Demand for lower volatility in the wake of the IAS19 accounting standards has pushed Belgium's KBC pension fund to consider increasing its exposure to real estate as part of a shakedown of its strategic asset allocation.
The pension fund is already in discussion with a number of managers about a specific move into non-quoted real estate, with a decision set to be made in the first half of 2006. “Most likely we will...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.