All articles by Jonathan Williams – Page 125
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News
FRR sees weak second quarter, as it posts negative returns
FRANCE – Fonds de Réserve pour les Retraites (FRR), France’s national pension reserve, has seen a reversal of fortunes as it posted a -4.2% return in the second quarter to the end of June.
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NewsMercer calls for progressive risk sharing, LGPS system in all public sector pensions
UK – Progressive risk sharing and a public sector pension system modelled on the local government pension scheme (LGPS) was today urged in a reform proposal made my Mercer.
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NewsIPE Quest: Swiss pension fund tenders €1.1bn corporate bond mandates
IPE Quest – A Swiss pension fund is looking to hire a suitable manager for two corporate bond mandates totalling €1.1bn, using IPE Quest.
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News
UK government should wait to increase retirement age, says NAPF
UK – The National Association of Pension Funds (NAPF) has called for the retirement age not to increase before the end of the decade, warning that a rise to 66 by 2016 would be “too hasty”.
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NewsAustrian pension funds return 2.4% in H1
EUROPE – Pension funds in Austria returned just under 2.4% over the first six months of the year, according to figures from the Austrian Control Bank (OeKB).
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News
Managers for Irish pension funds rally in July, return 4.2%
IRELAND – Pension funds in Ireland saw their fortunes improve last month, as the market stabilised and the average managed fund began seeing year-to-date returns of 4.2%.
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NewsUK roundup: ACA, Barclays UK Retirement Fund, Pitmans Trustees
UK – The Association of Consulting Actuaries (ACA) has called for "better safety valves and flexibility" in the public sector pension scheme.
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News£1bn Berkshire LGPS tenders for global custodian
UK – The £1bn (€1.1bn) Royal County of Berkshire Pension Fund is searching for a global custodian for its assets.
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NewsUK roundup: Hymans Robertson, Premier Foods, AJ Bell
UK – Hymans Robertson has outlined its proposals for a "once-in-a-generation opportunity" for reform to public sector pensions in submissions made to Lord Hutton’s pension review.
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NewsUK pension fund tenders £155m global equity mandates
UK – The London Borough of Redbridge is tendering three equity mandates totaling £155m (€187m) for its local government pension scheme (LGPS), accounting for almost half of the scheme's March 2009 value.
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NewsWednesday people roundup
GLOBAL – NAPF, UBS Pensionskasse, Pensionskasse SBB, Barclays UK Retirement Fund, Finnish Association of Pension Foundations, BNY Mellon Asset Management, JP Morgan Asset Management, IMMFA, SEI, Cushman & Wakefield, HR Trustees, Association of Investment Companies
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NewsMedium-sized companies in Germany 'unprepared' for accounting changes
GERMANY – Medium-sized companies are not preparing to finance their pension liabilities fully as new accounting standards take effect, the chief executive of Allianz Pension Partners has warned.
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NewsHewitt urges Irish DC schemes to avoid long-term bonds
IRELAND – Hewitt has urged defined contribution (DC) pension funds to invest more heavily in short-term government bonds, as it predicted the long-term downturn in interest rates would reverse.
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NewsUK roundup: Mercer on longevity, F&C on inflation hedging
UK – Pension scheme liabilities for FTSE 100 companies increased by 1.5% last year, as longevity expectations increased for the fourth year running, according to Mercer.
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News
BNP Paribas sees Q2 profits drop by 8%
EUROPE – BNP Paribas today announced its second-quarter results, which saw the company’s net profits drop by almost 8% compared with the previous quarter.
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NewsAon warns on overfunding as UK DB schemes cut deficit by 25%
UK – The 200 largest defined benefit (DB) schemes cut their funding shortfall by £26bn between June and July, according to figures released by Aon Consulting.
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News
UK roundup: BA, the Pensions Regulator, Towers Watson, Mercer
UK – The Pensions Regulator has agreed to a recovery plan for British Airways’ (BA) two pension schemes in a move that makes a merger between the airline and Spanish carrier Iberia evermore likely.
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News
DC schemes increase market share to a third of European pension assets
EUROPE – Defined contribution (DC) schemes have witnessed an almost uninterrupted increase in assets over the last five years and now account for almost a third of all European pension assets, according to Cerulli Associates.
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NewsItalian roundup: Prima-Anima merger, pension reforms
ITALY – Prima and Anima, two of Italy's largest asset managers, have signed of a memorandum of understanding that will lead to an alliance between the two companies.
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News
UK Roundup: BT, Islington
UK – BT yesterday announced a £1bn (€1.1bn) reduction in the BT Pension Scheme’s (BTPS) deficit, while also indicating it would fight a recent decision by Ofcom barring it from increasing wholesale prices to close the shortfall.
