All articles by Daniel Brooksbank – Page 214
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News
UK property returns rise 3% in 2002
UK – New figures show that UK commercial property returns rose 3% in 2002 to 9.7% - fueled in part by institutions seeking a safe alternative to equities.
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News
R-R pension gap grows to e1.6bn
UK – Aerospace company Rolls-Royce – under ratings agency scrutiny for its pension liabilities – has reported a pension deficit of 1.117 billion pounds (1.6 billion euros).
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News
Norway's Petroleum Fund outlines bond, mandate policy
NORWAY – Norway’s Petroleum Fund says it is to continue to sell government bonds to buy non-government bonds – as well as signalling that it may award more external mandates.
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News
HSBC eyes DC growth in UK as DB goes "critical"
UK – The new head of HSBC’s defined contribution business is eyeing DC growth in the UK at the same time as the UK bank’s chairman is saying that defined benefit pension liabilities have become a “critical” issue.
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News
"Surprise" UK funds’ bond weighting
UK – UK corporate pension funds were 24% weighted towards bonds in 2002, according to a new survey by insurance broker and employee benefits firm Jardine Lloyd Thompson – it called the findings “surprising”.
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News
UK’s GKN sees “insignificant” FRS17 impact
UK – Engineering company GKN said the new FRS17 accounting standard would have had an “insignificant” impact on its profit and loss account if it had used the standard to calculate its current pension liabilities.
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News
Pension funds “need more bonds”
UK – Barclays Capital has pitched into the debate over the role of bonds in pension funds, saying there are six good reasons why UK pension schemes need more bonds.
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Features
Directive: failure is not an option
It’s hardly Watergate perhaps, but conspiracy theorists may be intrigued by two high-profile pensions events in Brussels recently. It is of course possible that the two events are entirely unconnected, yet as one pensions official remarked: “The timing was excellent.” For those who believe in coincidence, the first event was ...
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Features
'Nothing sacred' in reform
Japan appears to be in a vicious circle right now, with low interest rates, a banking industry burdened by bad loans and moribund financial markets all weighing on the world’s second largest economy. And that’s not to mention a rapidly ageing population. To try to dig its way out of ...
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News
UBS wins top European fund award
LUXEMBOURG – Swiss bank UBS has been named the “best overall” European fund promoter in the second annual European Funds Awards.
