All IPE articles in December 2009 (Online) – Page 4
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NewsTwo down, one to go: FRR signs fresh credit strategies
[13:30 CET 11-12] FRANCE - Fonds de Reserve pour les Retraites (FRR), the French pension reserve fund, has completed the appointment for its second lot of bond mandates, and now has just one more to go.
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NewsAHV reports over 9% for first 10 months
[13:00 CET 11-12] SWITZERLAND – Marco Netzer, head of the Swiss first pillar fund AHV, expects „a very good“ annual result and prepares for major structural changes next year.
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NewsVideo interview: SCA considers early adoption of multi-OPF
[16:30 CET 10-12] NETHERLANDS – Officials at the Dutch pension funds of SCA Paper and Hygiene could be one of the first Dutch groups to create a multi-OPF next year, in a bid to gain improved governance and administration.
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NewsUK roundup - Royal Mail, Wandsworth, Oxford and Powys
[16:15 CET 10-12] UK – Royal Mail has also revealed its pension deficit may have tripled in the last three years while three local authorities are making changes to their pension funds.
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NewsGerman association fears contribution drop
[16:00 CET 10-12] GERMANY – The VFPK, the German association of company Pensionskassen, has warned that a government move to introduce tax advantages for employers offering shares as part of salary entitlement could divert money from occupational pension schemes.
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NewsLong-term investing could be dead, says FRR chief
[15:00 CET 10-12] EUROPE - Antoine de Salins, chief executive of FRR, France's national pension reserve fund, has urged institutional investors to lobby for greater macro-financial stability, as he warned greater incidence of extreme “tail events” could otherwise leave long-term investing “dead”.
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NewsUK public sector pension cap is 'scam' - Ros Altmann
UK – Expected savings of around £1bn (€1.1bn) a year on public sector pensions, following the introduction of a cap on taxpayer contributions, is a “scam” according to a pensions expert.
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NewsIrish public sector turns to career average scheme
[14:00 CET 10-12] IRELAND – A new career average pension scheme is being introduced for new entrants to the public sector workforce from next year, in an effort to cut the government pay and pensions bill.
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NewsDutch DC providers fail cost clarity test
[13:30 CET 10-12] NETHERLANDS - Pension funds and insurers must provide their members with more clarity on the costs of their defined contribution arrangements as few are meeting regulatory requirements, according to communications watchdog the Financial Markets Authority.
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NewsUK employee contributions outstrip employers
[17:05 CET 09-12] UK – Employee contributions to funded pension schemes reached £42.5bn in 2008, overtaking the rate of employer contributions for the first time in six years.
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NewsDutch schemes performed better than overseas - study
[17:00 CET 09-12] NETHERLANDS - Dutch industry-wide pension funds lost an average of 9.3% on their investments in 2008, but this is still considerably better than the performance of pension plans elsewhere, according to a study conducted by CEM Benchmarking.
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NewsUK gov't hints at auto-enrolment delay to pensions
[16:50 CET 09-12] UK – The UK government has revealed that the cost of private pension reform to UK businesses under the current economic climate is behind a decision to slow the implementation of future pensions auto-enrolment.
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NewsiShares refutes Watson Wyatt caution over ETFs (amended)
[16:35 CET 09-12] GLOBAL – Global ETF provider iShares has hit back at claims by consultancy firm Watson Wyatt suggesting ETFs are in most cases an unattractive investment for most institutional investors, and argued the pricing of products is in many cases equal to that of passive index investments.
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NewsÖPAG expects 9% return for 2009
[16:00 CET 09-12] AUSTRIA – The second-largest Austrian Pensionskasse, ÖPAG, will outperform the market average this year, according to Andreas Zakostelsky, head of the Vorsorge Holding.
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NewsWednesday people roundup
[14:00 CET 09-12] GLOBAL – Finansinspektionen, New Finance Capital, Cheyne Capital, BNY Mellon, Hermes, PensionsFirst, Finance Capital Partners, Invista Real Estate
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NewsG4S pension to get fiduciary management treatment
[16:15 CET 08-12] UK – Trustees of the G4S pension schemes have appointed Cardano UK to deliver its version of fiduciary management, known as Solvency Management, to the GSL part of its pension arrangements.
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NewsPKA faces sanction over undisclosed shareholdings
[16:00 CET 08-12] DENMARK - The Danish financial regulator has reported pensions provider PKA to the police for repeatedly failing to disclose holding large stakes in companies that were above legal limits.
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NewsNeste Oil to transfer pension to Ilmarinen
[15:00 CET 08-12] FINLAND – The Neste Oil pension fund is employing its larger pensions colleague Ilmarinen Mutual Pensions Insurance Company to manage its statutory occupational pensions and portfolio from next year.
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NewsBavaria freezes contribution to public pension fund
[13:30 CET 08-12] GERMANY – The Bavarian regional government is freezing the contributions to its public fund for civil servants instead of paying a promised €35m lift next year, on the back of the financial crisis.
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NewsBuyout market yet to encourage return of Paternoster
[13:00 CET 08-12] UK - Pensions buyout firm Paternoster is set to remain withdrawn from the market for the time being, according to chief Executive Ed Jervis, as market conditions are still insufficient to make the move worthwhile.
