All articles by Jonathan Williams – Page 119
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NewsIPE Quest: UK manager seeks to invest in Asian, Japanese equities
IPE QUEST – A UK multi-manager is looking to place three multi-cap mandates of around $50m (€35m), targeting global and Asian equity generally, as well as Japanese equity.
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Changes to Hungarian pension system will undermine confidence, says IMF
HUNGARY – The International Monetary Fund (IMF) has warned that Hungary’s recently announced pension reforms risk undermining confidence in the system and constitute a “significant step back” for the country.
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NewsUK roundup: NAPF, PwC on state pension reform, Aon Hewitt on tax relief
UK – The government has confirmed plans for a reform of the state pension system, with expectations of a flat-rate pension for all by 2015.
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NewsFrench pension reforms clear senate, closing in on final approval
FRANCE – Reforms that will see France’s state pension age increase from 60 to 62 have passed one of the final hurdles, having been approved by the country's upper house.
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NewsIPE Quest: Austrian pension fund tenders €40m absolute return mandate
IPE QUEST – A Swiss investment consultancy is looking to award a number of mandates, including two on behalf of an Austrian pension fund, using IPE Quest.
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NewsMandate roundup: State Street Global Advisors, Ruffer, BlackRock, Nomura
EUROPE – State Street Global Advisors (SSgA) has been awarded a £45m (€50m) passive UK and global equities mandate by the £241m London Borough of Havering local government pension scheme (LGPS).
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NewsUK government must cover bulk of BT scheme deficit, court rules
UK – The UK government must cover the BT pension scheme's £7.6bn (€8.4bn) funding shortfall, the Royal Court of Justice has ruled.
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NewsLocal government schemes tender actuarial, investment management services
UK – The Environment Agency’s £1.6bn (€1.8bn) pension fund and five other local government pension schemes (LGPS) with assets totalling £7.3bn are seeking to appoint joint actuarial advisors and investment managers in a cost-cutting measure.
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NewsUniq proposes deficit-for-equity swap with trustees
UK – Food manufacturer Uniq has proposed a deficit-for-equity swap to its pension fund trustees in a deal that would see the fund take control of 90% of company shares.
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NewsPension savers may shun NEST due to high cost of debt repayment, consultancies say
UK – Towers Watson has warned that the level of debt repayment the recently confirmed National Employment Savings Trust (NEST) is facing could dissuade savers from using the platform.
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NewsUK increases pension age ahead of schedule, confirms NEST
UK – The government today announced its intention to go ahead with the foundation of the National Employment Savings Trust (NEST), as well as plans to increase the retirement age to 66 ahead of schedule.
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NewsING's Goris to head PGGM's board advisory service
NETHERLANDS – Erik Goris, a veteran of investment banking at ING and an independent pension consultant, has joined PGGM, the former investment arm of healthcare scheme PFZW.
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NewsNetherlands still has best pension system in world, says Mercer
GLOBAL – The Netherlands still boasts the best retirement income system in the world, according to a Mercer survey comparing more than a dozen counties.
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NewsIrish roundup: DB deadline, C&C Group
IRELAND – Defined benefit (DB) schemes submitting a funding proposal to the Pensions Board have been granted an extension beyond the original May deadline, the organisation said.
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NewsUK roundup: pension tax relief, Bexley, BlackRock, Accounting Standards Board
UK – The government has revealed details of the reform to pension tax relief, lowering the threshold to £50,000 – a drop of more than £200,000 – by April 2011.
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NewsRoyal Mail pension scheme to shrink to one-tenth of size under government proposals
UK – The UK government has confirmed it would split the Royal Mail Pension Plan (RMPP), reducing it to around one-tenth of its current size, in an effort to tackle the scheme's £8.4bn deficit.
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NewsWednesday people roundup
Avida International, Barrie & Hibbert, HSBC Asset Management, IASB, Kleinwort Benson Bank, LCP, Mercer, Nestlé Capital Advisers, Principal Global Investors, Syz & Co, Throgmorton
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Achmea investment funds unit awards €230m mandate to Standish Mellon
NETHERLANDS – Achmea Beleggingsfondsen Beheer has awarded a €230m fixed income mandate to Standish Mellon Asset Management, a subsidiary of BNY Mellon Asset Management.
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NewsUK roundup: Camden, CB Richard Ellis, Partners Group, Towers Watson, PPF
UK – The London Borough of Camden's pension fund has appointed two real estate managers for a mandate worth as much as £70m.
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NewsPPF levy open to abuse, could work against schemes, says Aon Hewitt
UK – Aon Hewitt has warned that proposed changes to the Pension Protection Fund (PPF) levy could end up working against pension funds.
