IPE's United Kingdom Coverage – Page 274
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News
Fifth of small schemes to cut UK equities in 2009
UK – More than 20% of the smallest firms offering defined benefit (DB) schemes plan to decrease their allocation to UK equities over the next year, research from the Association of Consulting Actuaries (ACA) has revealed.
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News
BT staff vote to accept pension changes
[15:15 CET 19-12] UK – Members of the BT Pension Scheme involved in consultative ballots with the trade unions Connect and the Communication Workers Union (CWU) have voted to accept the pension package unveiled by the company earlier this year.
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News
Glasgow university seeks actuarial and admin support
[16:55 CET 18-12] UK – The University of Glasgow is seeking one or more providers for actuarial and consultancy services and scheme administration and related services for its pension scheme for non-academic staff.
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News
RSA to develop low cost pension option
[16:50 CET 18-12] UK – The Royal Society for the Encouragement of the Arts Manufacture and Commerce (RSA) has confirmed it intends to develop a business plan for a new low-cost pension fund which it believes will fill a gap in the market.
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News
UK life expectancy to 'level off' from 2021
[14:00 CET 18-12] UK – Life expectancy at the UK state pension age (SPA) will begin to "level off" between 2021 and 2051 for the average person, although members of the lower socio-economic groups, such as unskilled workers, could see life expectancy decline.
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News
Government to take on Royal Mail deficit
[13:00 CET 17-12] UK – The government has agreed with recommendations from an independent panel that it should take responsibility for Royal Mail's historic pension liabilities, as its deficit is currently estimated at £5.9bn (€6.6bn) and is making the firm "balance sheet insolvent".
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NewsKensington seeks custodian and increases equities
[15:40 CET 05-12] UK – The Royal Borough of Kensington and Chelsea (RBKC) is seeking a global custodian for its £409.6m (€478.9m) local government pension fund.
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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
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
Nottingham signs Barnett Waddingham
[16: 40 CET 24-11] UK – Nottingham County Council has appointed Barnett Waddingham to take over responsibility for actuarial services from Mercer Consulting.
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News
SSgA wins Hillingdon's multi-asset mandate
[14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.
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NewsBT pension changes will save €119m a year
[16:20 CET 13-11] UK – British Telecom (BT) has revealed the proposed changes to its defined benefit pension scheme will save the firm around £100m (€119m) a year.
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News
BT consults with staff on pension changes
[15:50 CET 11-11] UK – British Telecom is beginning a formal 60-day consultation period with employees on proposed changes to its defined benefit (DB) and defined contribution (DC) pension schemes to make the pension provision "sustainable and affordable".
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News
UK's combined deficit now €119bn - PPF
[17:30 CET 10-11] UK – The Pension Protection Fund (PPF) has revealed the aggregate funding position of almost 7,800 defined benefit (DB) schemes reached a deficit of £97.3bn (€119bn) at the end of October.
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News
Guernsey superannuation fund drops £142m
[17:20 CET 07-11] UK – The States of Guernsey has revealed the Superannuation Fund for public sector employees has declined in value by £142m (€175m) in 2008.
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News
1 in 9 unable to save for retirement
[16:15 CEST 30-06] UK – Approximately 60% of the UK population not currently saving for retirement claim they cannot afford to put money aside, a study by Scottish Widows has revealed.
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Features
Continuing reform focuses on governance and inclusion
The UK pensions industry needs Barclays. It is a market that is full of doom and gloom. It is only fitting then that Barclays should win the IPE European Country Silver Award 2005. For this is a sterling example of how to move forward. The dynamism, enthusiasm and sheer determination ...
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Features
Getting results from promoting greener way of investing
Socially responsible investing (SRI) has for some time been in fashion among institutional investors. Yet it is an approach that is easier to talk about than put into practice. This year’s SRI winner – the Environment Agency Active Fund – has, however, managed to translate the rhetoric into action. The ...
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Features
Embracing the challenge of a changing pensions system
It will come as no real surprise to see Barclays walk away again with IPE’s Country Award for the United Kingdom. Last year, it won for its innovative ‘afterwork’ concept, a hybrid defined benefit and defined contribution scheme. This year, its success is thanks to its excellent stakeholder engagement policy. ...
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News
2001 proves boost for fund specific benchmarks
UK- 2001 saw an increased number of UK pension schemes adopting their own fund specific benchmarks according to the latest Russell/Mellon CAPS pension survey. The increase continues a gradual trend evident throughout the 1990s- in 1990, only 4% of pension funds used their own benchmark opposed to 68% at the end of 2001.
