Advisers – Page 44
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News
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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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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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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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 turning to LDI, alternatives for pension schemes
GERMANY – German multinational companies have been using hedging strategies, liability-driven investment (LDI) and alternatives increasingly, but are still reducing equities, according to a survey by Towers Watson.
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NewsMercer urges investors to step up developing market exposure
GLOBAL – Mercer has urged institutional investors to consider developing markets as an alternative to developed countries that suffer from high debt burdens and a dearth of bank lending.
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NewsPension funds in Henderson legal dispute revealed
UK – The dispute between a group of 30 pension funds and Henderson Global Investors over the management of two of its PFI funds has shifted up a gear as some of the biggest names in the UK pensions industry were named as being party to the case.
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NewsSwedish roundup: Collectum, Statistics Sweden, Morningstar, Finansinspektionen, Folksam
SWEDEN – One-third of Swedes under the age of 30 believe they will have to work beyond the national retirement age of 65, according to a survey by Statistics Sweden commissioned by Collectum, the supplementary occupational pension administrator.
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NewsDutch pension fund groups to merge into federation
NETHERLANDS – The three Dutch pension fund lobbying organisations have agreed to intensify their co-operation by merging their resources into a federation.
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NewsUK roundup: PwC, Pension Protection Fund, Club Vita
UK – PricewaterhouseCoopers (PwC) has announced the closure of its two defined benefit schemes, which have a combined deficit of £164m.
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NewsTowers Watson acquires Swedish consultancy HRS
EUROPE – Towers Watson has acquired HRS, a Swedish-based consultancy specialising in executive compensation, for an undisclosed sum.
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NewsAon: Employers underestimating risk of poor DB data
UK – Most UK employers running defined benefit schemes are underestimating the risks associated with poor-quality data, according to Aon Consulting's latest employer survey.
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NewsUK roundup: PricewaterhouseCoopers, Hewitt Associates, Pension Corporation
UK – Companies looking to repair defined benefit scheme deficits will be using assets – more than cash contributions – over the next year, according to analysis by PricewaterhouseCoopers (PwC).
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NewsScheme redesigns triggering contribution cuts, says Mercer
GLOBAL – Employers redesigning their pension schemes are reducing their contribution rates drastically, while a third will make changes to their defined benefit schemes in the near future, according to a survey by Mercer.
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NewsUK roundup: ACA, NEST, KPMG
UK – More than 40% of employers are considering levelling-down their pensions because they are concerned about the costs of auto-enrolment, the Association of Consulting Actuaries (ACA) has said.
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NewsHewitt: Dutch coverage ratios under yet more pressure
NETHERLANDS – The Actuarial Society's new longevity figures, which will be presented officially on Monday, will be worse for Dutch pension funds than initially assumed, according to consultancy Hewitt Associates.
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NewsUK roundup: F&C, Thames River, Barnett Waddingham, Hargreaves Lansdown
UK – F&C Asset Management has announced it expects to complete its acquisition of Thames River Capital by the beginning of next month, after it was given authorisation by the Financial Services Authority.
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NewsTender roundup: AHV, Hewitt, LCP
EUROPE – The CHF26.5bn (€20.2bn) Swiss first-pillar fund AHV is looking for one or more active commodities future managers.
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NewsDutch consultants scheme hires BlackRock, APG
NETHERLANDS – The €5bn occupational pension fund for Dutch medical consultants (SPMS) has appointed BlackRock as fiduciary asset manager and APG as pensions provider.
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NewsMercer shines spotlight on FTSE100 accounting
UK – Small assumptions on things such as inflation, investment returns and life expectancy are having a big and varied impact on the UK's largest pension funds.
