All IPE articles in August 2008 (Online) – Page 8
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News
Gov't denies policy u-turn on personal accounts
[16:00 CEST 29-08] UK – The government has rejected industry accusations suggesting it has performed a "policy u-turn" and is "destroying" existing pension provision by ignoring pensions industry proposals for a principles-based approach to contribution levels.
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News
Gov't told employers 'need to be pressured into risk sharing'
[16:15 CEST 29-08] UK – A risk-sharing approach to pension provision, such as conditional indexation, would only be adopted by employers if faced with regulation or pressure from competitors, according to BMRB Social Research.
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News
AP3 loses €1.8bn in H1
[16:30 CEST 29-08] SWEDEN – Tredje AP-fonden (AP3), the third Swedish national pension fund, saw its fund capital fall SEK17.3bn (€1.8bn) in the first half of this year, as a result of "turbulent and weak conditions on financial markets".
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News
Aegon taps new Spanish wealth
[16:45 CEST 29-08] SPAIN – Aegon, the Netherlands-headquartered insurer and asset manager, has taken a 50% stake in the life and pensions arm of north-eastern Spanish savings bank Caixa Terrassa for €190m, in a bid to expand the take-up of its life and pensions offering.
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News
Irish DC members may switch in ‘semi-state’ DB change
[17:00 CEST 29-08] IRELAND – Trustees of defined contribution pension schemes at Irish universities are considering recommending their members move into defined benefit schemes following a recent decision by the Irish government to take responsibility for the assets and liabilities of ‘semi-state’ bodies’ pension plans.
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News
Abolition of pensions divorce limits delayed six months
[16:10 CEST 29-08] UK – Restrictions imposed on people who receive part of their ex-partners pension benefits following a divorce will be removed from April 2009 - at a delay of six months - the government has confirmed.
