All articles by Daniel Brooksbank – Page 224
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News
IBM contributes $3.95bn to US pension fund
US – Computer firm International Business Machines Corp. says it has made a 3.95 billion dollar (3.78 billion euro) contribution in cash and shares to its 62.5 billion dollar US pension fund – more than it had expected, due to falling markets.
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Book Review
New pensions books: roundup
EUROPE – The pensions industry continues to generate new publications going into the new year. Here is a roundup of some new and soon-to-be published books dealing with all aspects of pensions policy and the crisis facing the industry.
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Features
'Avoid fashion' advice for funds
The head of the E2.4bn pension scheme for UK airport operator BAA says pension administrators should not follow fashion and try to work out their requirements for themselves. “Don’t be a dedicated follower of fashion, think about it, and work it out for yourself,” is BAA Pension Fund director Stuart ...
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Features
Sinking under weight of words
The European Council of Ministers adopted its so-called “common position” on the pensions directive on November 5 last year. The 43-page document is currently going through its second reading at the European Parliament. While parliament mulls over the document this winter, it is helpful to examine exactly what the Council ...
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News
Barcelona to host European pensions summit
SPAIN – The European Pensions and Investing Summit is to take place in Barcelona on February 24 and 25 and will focus on active management, risk structures, alternative investments, professional governance and activism, say organisers Information Management Network.
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News
Stoxx managing director Stark leaves
SWITZERLAND – The managing director of European index provider Stoxx Ltd., Scott Stark, is to leave company and will be replaced on an interim basis by the SWX Swiss Exchange’s Ettore Candolfi.
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News
UK private equity: Epic in e76.8m float
UK – The 76.8 million euro flotation of Epic Brand Investments on the Alternative Investment Market shows there’s still life in the UK private equity market.
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News
Irish Pensions Board fines occupational trustees
IRELAND – The Irish Pensions Board says it has prosecuted the trustees of three occupational pension schemes – serving notice that it intends to pursue breaches of regulations through the courts where necessary.
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News
Danish pensions need market development – report
DENMARK – The Danish Insurance Association says the second and third pillars of Denmark’s pensions system should be developed by the market and that the country’s “robust” system must not be unbalanced by rash changes.
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News
Greece says pension viability vital for Europe
EUROPE – Greece has included pensions viability amongst a set of problems such as organised crime and immigration that it says the European Union must tackle in order to re-establish a climate of “security and confidence” for its citizens.
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News
Finland expects 200,000 pensions web visitors
FINLAND – The Central Pension Security Institute in Finland has launched a website for occupational pensions, and says it expects 200,00 visitors to the site in the first year.
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News
Aegon gets OK for French pensions buy
FRANCE – Dutch-based insurer Aegon says it has received regulatory approval to buy 20% of French pensions and life insurance specialist La Mondiale, in a step towards setting up a pan-European pensions group.
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News
UK names pension commissioners
UK – The UK government has named a trade union official and an academic as members of a commission investigating pensions policy.
