All articles by Daniel Brooksbank – Page 94
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News
Harmonisation seen in EU pension supervision
EUROPE - The Committee of European Insurance and Occupational Pensions Supervisors says it sees a gradual harmonisation of European occupational pension supervision.
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News
Aon AM taps Bank of NY for $1.5bn custody
UK – The Bank of New York says it has been appointed by Aon Asset Management to provide custody for $1.5bn (€1.13bn) in assets.
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Law Debenture trustee profit rises 52%
UK – Law Debenture Corp., the London-based trustee services and investment trust group, has posted a 52.2% increase in pre-tax profits at its trustee services division.
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S&P warns ageing could hit Germany’s rating
GERMANY – Rating agency Standard & Poor’s has warned that Germany’s credit rating could come under threat if it doesn’t face up to the pressures of population ageing.
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TPG scheme takes €560m interest-rate hit
NETHERLANDS – Dutch logistics firm TPG says lower interest rates have caused a €560m increase in its pension liabilities.
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UK electricity scheme eyes commission recapture
UK – The £17bn (€24.6bn) Electricity Supply Pension Scheme has appointed the Bank of New York to supply commission recapture services, on top of other services the bank already provides.
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Mercer launches DC investment platform
UK - Mercer Investment Consulting has launched an investment platform for defined contribution pension schemes.
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Features
Between a rock and a hard place
News that a conference on longevity and the capital markets in February was so massively oversubscribed that a video link had to be set up to accommodate the overspill demonstrates just how topical this issue has become recently. The conference came on the heels of news that both the French ...
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Features
Finland faces tough choices
The Finnish government has been urged to usher in more politically difficult pension reform measures to make its finances sustainable. The “political arithmetic” suggests there may be dangers in waiting too long, a new report warns. It comes as it appears that the initial response to a new flexible retirement ...
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Features
Hedge funds provide good return for Shell
Stichting Shell Pensioenfonds, the e13.7bn scheme of the oil giant, made a 6.9% return on its hedge fund investments in 2004. “On the hedge fund portfolio a return of almost 7% was achieved,” the scheme says in a statement on its website. Hedge funds, including currency hedging, account for 5.5% ...
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News
France’s Ionis names custodian for €7.2bn
FRANCE – BNP Paribas Securities Services says it has appointed sole custodian for French pensions and savings group Ionis’ €7.2bn assets.
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News
JLT sees fewer players in UK pension admin
UK - Jardine Lloyd Thompson sees a “reducing number” of outsourced providers in the occupational pension administration market.
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News
Jobs go as Safeway outsources pensions admin
UK – Jobs at supermarket chain Safeway’s roughly 20-strong pensions team are going as the company transfers administration to Capita Hartshead.
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ABP outlines post-Frijns board composition
NETHERLANDS – The €168bn,Dutch civil service scheme Stichting Pensioenfonds ABP has announced the composition of its board when Roderick Munsters takes over from Jean Frijns.
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Occupational system crumbling, say BT members
UK – The UK’s occupational pension system is crumbling, say telecom and postal industry pensioners – who want to make pensions a high-profile issue in the forthcoming election.
