Consolidation – Page 32
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Neighbouring UK councils consider £4bn pension fund merger
UK – Local authorities hopeful of support for plan that predates government merger consultation.
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London council proposes collective vehicle as merger alternative
UK – Retaining status quo of individual management ‘not viable alternative’ to mergers.
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UK 'would not rule out' LGPS merger, but more evidence needed
UK – Official says mergers remain ‘untested’, calls for more evidence of benefits.
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Danish roundup: JØP/DIP merger, Industriens Pension
DENMARK – Pension fund for lawyers, economists to merge with scheme for engineers.
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Dutch roundup: Atos arbitration, Helvoet-PGB merger
NETHERLANDS – IT provider Atos stops paying additional contributions into ailing pension fund.
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Dutch roundup: PGGM, SPH, KNVG on board seats, Eumedion
NETHERLANDS – €8bn SPH to become first client for PGGM’s tailor-made services.
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Imtech's Dutch pension scheme to fold due to 'increased complexity'
Implementation costs growing ‘at expense of pensions accrual’, chairman says.
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Mediq pension fund to merge with €1.2bn scheme PMA to 'minimise' risk
Number of Dutch schemes falls from more than 630 to fewer than 450 over last three years.
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Dutch retail fund seeks co-operation with similar schemes
NETHERLANDS – Detailhandel, the €7.7bn pension fund for the retail sector, is seeking co-operation with similar sector-wide schemes “to keep on providing a proper pension to its participants”.
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Dutch schemes have 'huge potential' for efficiency through consolidation
NETHERLANDS – Pension funds in the Netherlands can significantly improve their efficiency through consolidation, a comparative study of 90 large pension funds in Holland, the US, Canada and Australia suggested.
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Romanian pension funds return nearly 10% in H1
ROMANIA – Mandatory second-pillar funds in Romania returned 9.9% over the first half of 2010, and plans to cut contributions are now off the table, according to the Romanian pension fund association APAPR.
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Finland's Varma to take on healthcare pension
FINLAND – PlusTerveys, a private healthcare provider, is the latest company to transfer its pension provision to Varma Mutual Pension Insurance Company.
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Merging LGPS 'impossible' for governance reasons
[13:00 CET 12-01] UK – The case for merging the administration of the Local Government Pension Scheme (LGPS) is strong enough to overcome any minor obstacles, however the practicalities of consolidating the investment side would be “difficult if not impossible”, according to a former manager of two LGPS schemes.
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Nottinghamshire approves pension merger
[16:15 CEST 23-10] UK – Nottinghamshire County Council has approved the merger of its two local government pension funds (LGPS) following an additional report into the impact on contribution rates.
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Nottingham considers pension merger
[16:55 CEST 27-08] UK – Nottinghamshire County Council is considering a potential merger of its two Local Government Pension Scheme (LGPS) funds, ahead of the next triennial valuation in 2010.
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Consolidation stage set in Romania
ROMANIA – The Romanian pension market is set for consolidation within in its first full year of business, Simona Diţescu, CEO of BCR Administrare Fond de Pensii, has told IPE.
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€20bn scheme ‘eyes Irish pension pooling’
IRELAND – State Street says it has received enquiries from multinational corporations, some with pension assets of up to €20bn, about setting up a pension pooling deal in Ireland.
