All IPE articles in December 2008 (Online)
View all stories from this issue.
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News
Roche departure strengthens Aon's Swiss team
[16:30 CET 01-12] SWITZERLAND – Matthias Pfiffner, international benefits manager at Roche, has left the pharmaceutical giant to join the pensions team at Aon Consulting Switzerland.
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News
EC tackles Portugal, Spain and UK over pensions
[16:45 CET 01-12] EUROPE – The European Commission has initiated action against the governments of Portugal, Spain and the United Kingdom for what it believes is a breach of EU rules concerning the terms applied to European pensions.
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News
Pension pressure improves human rights at Sodexo
[17:00 CET 01-12] SCANDINAVIA – Constructive dialogue by the Ethical Council of the Swedish AP-Funds has resulted in the service company Sodexo adopting a company-wide human rights policy, and has in turn led to it being re-instated as an investment option for the Norwegian life insurer Kommunal Landspensjonskasse (KLP).
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News
Conflict potential should not discourage trustees
[17:05 CET 01-12] UK – The potential for conflicts of interests should not put people off from becoming a trustee, as resignation is now seen as the 'last resort', lawyers have claimed.
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News
Market crisis makes CWPS cases harder - Kenny
[17:15 CET 01-12] IRELAND – The Pensions Ombudsman has admitted the impact of the financial crisis on construction companies is making it harder to get contributions from employers who have failed to pass deductions onto the Construction Workers Pension Scheme (CWPS).
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News
Shropshire to add second global bond portfolio
[17:20 CET 01-12] UK – Shropshire County Council is seeking a fund manager to runs a second global bond portfolio for its £750m (€890m) pension fund.
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News
NPRF may be used to shore up Irish banks
[17:209 CET 01-12] IRELAND – Brian Lenihan, the minister for finance has confirmed the government could use the National Pension Reserve Fund (NPRF) "in certain circumstances" to shore up its banking industry and financial system.
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News
Pension firms attack Danish contributions ceiling
[11:00 CET 02-12] DENMARK - Pension experts have slammed a proposal from Denmark's 'economic wise mean to place a DKK100,000 (€13,423) a year ceiling on pensions contributions and claim most people could instead finance this tax saving by the payments they make when they retire.
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NewsPNO Media's cover ratio falls to 95%
[16:15 CET 02-12] NETHERLANDS - The €2.5bn pension fund PNO Media has seen its cover ratio drop by 25% so far this year, leading to a funding ratio of 95.1% at the end of October - far below the critical level of 105% at which the fund must tell regulators ...
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News
PADA highlights issues for non-UK savers
[16:30 CET 02-12] UK – The Personal Accounts Delivery Authority (PADA) has admitted there could be issues for non-UK residents in the future when it comes to accessing savings held in personal accounts.
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News
McCreevy looks into hedge funds
[16:35 CET 02-12] EUROPE – Charlie McCreevy, the European Commissioner for internal market and services, has announced he will start a wide-ranging public consultation on the supervision and risks hedge funds.
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News
Germany warns against ban on dividend payments
[16:45 CET 02-12] GERMANY – German finance minister Peer Steinbrück has warned against a categorical ban on dividend payments by banks which have been rescued by the their governments.
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News
ABP votes against Fortis directors (Update)
[16:50 CET 02-12] NETHERLANDS – Giant Dutch pension fund ABP has voted against all but one of the proposed appointments to the board of directors at nationalised Belgian-Dutch bancasurer, IPE has learnt. (Updated with quotes from Paul Frentrop)
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NewsIrish funds drop 4% in November
[16:55 CET 02-12] IRELAND – Irish managed pension funds fell 4% in November although there were signs of some stability towards the end of the month, Hewitt Associates has claimed.
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News
Danish pensions avoid 'red' traffic light
[17:00 CET 02-12] DENMARK – Finanstilsynet, the Danish Financial Supervisory Authority, has confirmed no life insurance companies and pension funds has triggered the 'red light' in its traffic light warning system.
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NewsHammersmith prepares for 2009 adviser search
[13:15 CET 03-12] UK – The London Borough of Hammersmith & Fulham is to begin looking for a new investment consultant for its £432m (€512m) pension fund, to be appointed early next year.
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News
Cleaners' scheme appoints Cordares
[15:10 CET 03-12] NETHERLANDS - Pensions provider Cordares has been chosen as the new administrator for the €1.35bn industry-wide pension fund for the cleaning and window cleaning sector.
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NewsDWP postpones revaluation cut
[16:15 CET 03-12] UK – The department for work and pensions (DWP) has confirmed the implementation date for the revaluation cap on deferred pension benefits has been postponed by four months until April 2009.
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NewsDanish pension interest could fall to 4%
[16:20 CET 03-12] DENMARK – Forsikring & Pension, the Danish Insurance Association, has warned pension customers are likely to see interest on their accounts fall below the base rate to at maximum of 4.5% in 2009.
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NewsWednesday people roundup
[16:30 CET 03-12] GLOBAL – People roundup: USS, Cardano, Bouwfonds Asset Management, T. Rowe Price, Pioneer Investments, Laven Partners, SAM, Pimco, LG, Architas, Insynergy.
