All IPE articles in December 2010 (Online) – Page 2
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NewsNew PPF formula could double levy for some schemes, warns Barnett Waddingham
UK – More than one in five UK pension funds face a doubling of the levy it pays to the Pension Protection Fund (PPF), Barnett Waddingham has warned.
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NewsUkraine bows to pressure from IMF to reform pension system
UKRAINE – President Viktor Yanukovych has promised to overhaul the Ukraine's pension system in a speech in Riga, following pressure from the IMF and the World bank for him to undertake urgent pension reform.
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NewsF&C chairman criticises Sherborne attempt to oust him
UK – F&C Investments is facing a shareholder revolt to oust its chairman and one of its non-executive directors, according to reports.
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NewsUniversal state pension reforms delayed due to contracting-out
UK – The UK government's green paper outlining proposals for a universal, flat-rate state pension has been delayed, as it has been unable to meet its end-of-year planned consultation on radical state pension reforms.
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NewsPimco allows equity investments in shake up of Total Return bond fund
GLOBAL – Pimco’s US$ 250bn (€160bn) Total Return fund, the world’s largest bond fund, has expanded its investment remit to include up to 10% of its total assets in preferred stock, convertible securities and other equity-related securities.
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NewsRomania approves pension reform with changes to indexation, retirement age
ROMANIA – Romania is set to increase its retirement age and reduce the level of pension indexation, after reform laws were approved by its president this week.
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NewsSwedish roundup: Pensionsgruppen, Pensionsmyndigheten, Finansinspektionen, Nordea, AMF
SWEDEN – The Swedish government, through Pensionsgruppen, the multi-party pensions group, has authorised Swedish Pension Authority Pensionsmyndigheten to investigate reforming the country’s premium pensions system.
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NewsTurkey's largest pension scheme launches BRIC investment fund
TURKEY – Anadolu Hayat ve Emeklilik, Turkey’s largest pension fund in terms of assets under management, has launched a fund investing in companies active in BRIC countries.
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NewsNew Czech government confirms plans for funded second pillar
CZECH REPUBLIC – The newly-elected Czech coalition government has confirmed it will continue reforms to bring about the introduction of a funded pillar to the pension system.
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NewsAustrian Pensionskassen produce wide-ranging returns at end of Q3
AUSTRIA – Austrian Pensionskassen returned 4.1% on average for the first nine months of the year, with results differing significantly between schemes, the Austrian supervisory body FMA said.
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NewsGerman SMEs reluctant to offer pensions
GERMANY – Over 60% of companies currently not offering their employees any pension schemes are not planning to do so ever, the German insurance group Ergo has said.
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NewsDutch workers prefer guaranteed pension over current retirement age, says DNB
NETHERLANDS – Workers are willing to pay much higher contributions for a guaranteed pension, a survey by pensions regulator De Nederlandsche Bank (DNB) has suggested.
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NewsBT cannot increase prices to solve pension deficit, regulator rules
UK – BT will not be allowed to raise wholesale charges for telecoms services in order to help recoup its pension fund deficit, telecoms regulator Ofcom has ruled.
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NewsIrish finance minister to be given new powers over NPRF
IRELAND – The Irish government has announced plans to grant the minister for finance power over the National Pension Reserve Fund (NPRF).
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NewsMn Services to sue RBS in UK over sub-prime losses
EUROPE – The €69bn Dutch asset manager and pensions provider Mn Services says it will file a lawsuit against the Royal Bank of Scotland (RBS) for damages in wake of the sub-prime montage crash.
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NewsUnderfunded Ascoop Pensionskasse to be dissolved
SWITZERLAND – The heavily underfunded Ascoop Pensionskasse will be dissolved as of 1 January, it has been announced. The scheme, for employees in the transport industry, currently faces a CHF700m (€544m) shortfall.
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NewsATP draws DKK23bn from reserves to fund longevity
DENMARK – Denmark's ATP is setting aside an additional DKK23bn (€3bn) for future pensions payments after adopting new longevity measures, which takes into account projected future increases in life expectancy.
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NewsUK roundup: NEST, Stewardship Code, Barnett Waddingham, Pension Capital Strategies, Towers Watson
UK – The introduction of the National Employment Savings Trust (NEST) will reduce annual management costs across the industry, pensions minister Steve Webb has said.
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NewsReport claiming £100bn deficit for UK local government schemes 'misleading'
UK – Industry figures have attacked a report claiming that England's 81 local government pension schemes (LGPS) have seen their deficits increase to £100bn (€118bn).
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NewsDutch schemes failing to comply with governance code
NETHERLANDS – Dutch pension funds are doing too little to comply with the corporate governance code, according to the code's monitoring committee.
