All articles by Daniel Brooksbank – Page 150
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News
Call for Petroleum Fund to link to pension system
NORWAY – The International Monetary Fund has called for the 97.9 billion-euro Petroleum Fund to be more explicitly linked to the rest of the Norwegian pension system.
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News
New EU countries need “prudent person” – ADAM
EUROPE – New European Union countries in central and eastern Europe need to lift investment restrictions and implement the “prudent person principle”, Allianz Dresdner Asset Management says.
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News
S&P says ageing to hit OECD credit ratings
GLOBAL – Standard & Poor’s says that the consequences of population ageing could, on current trends, lead to OECD member countries’ credit ratings collapsing to non-investment grade.
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News
Europeans cautious over PAYG woe - forecasters
EUROPE – A group of economic forecasters has said that problems with pay-as-you-go pension systems in the major euro zone countries are making consumers cautious.
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News
ABN Amro sets aside extra E901m for pensions
NETHERLANDS – ABN Amro has set aside an extra 901 million euros to cover is pension plans in the Netherlands, UK and Germany.
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News
Standard Life Investments avoids job cull
UK – Standard Life says it will cut 1,000 jobs – although none will go at its asset management unit Standard Life Investments.
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News
Big Norwegian companies seen moving to DC
NORWAY – Larger Norwegian companies are expected to shift away from defined benefit pension schemes towards defined contribution, says life insurer Storebrand.
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News
UK unions plan pension rally in June
UK – The Trades Union Congress, the umbrella body for UK unions, is planning a pensions demonstration in London on June 19.
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News
Alliance Capital’s bond chief named S&P president
GLOBAL – Standard & Poor’s has named Kathleen Corbet, the head of Alliance Capital Management’s fixed income division, as its new president.
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Features
Europe needs you!
The problem facing European pension systems was articulated in surprisingly stark terms by a senior official at the European Commission at a meeting in Brussels recently. The issue was not couched in the regular Brussels-speak – indeed, it would be hard to have been more explicit. “We need more people,” ...
