All articles by Jonathan Williams – Page 126
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News
German government bonds offer strongest return, according to S&P Index
EUROPE – German government bonds returned almost 7% in the first half of 2010, according to Standard & Poor’s (S&P) Eurozone Government Bond index.
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NewsUkraine agrees to pension reform in exchange for $15.5bn IMF loan
EUROPE – Ukraine has agreed to "robust structural reforms" of its pension system in exchange for a $15.5bn (€11.9bn) loan from the International Monetary Fund (IMP).
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NewsInterest in UK debt rebounds following CPI-link announcement
UK – Interest in index-linked gilts returned this week, after the UK Debt Management Office successfully sold £6bn worth of bonds maturing in 2040.
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NewsUK roundup: default retirement, Local Government Pension Scheme
UK – The government today confirmed its plans to abolish the default retirement age, allowing workers to continue in their position beyond 65.
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NewsStandard Life Investments enters alliance with Japan's Chuo Mitsui
GLOBAL – Standard Life Investments (SLI) has entered into a strategic alliance with Japan's Chuo Mitsui Asset Trust and Banking Company.
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NewsHymans Robertson warns of 'demise' of pension system
UK – Taxing pension savers below the annual allowance could "accelerate" the demise of pensions, Hymans Robertson warned today.
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NewsNorthern Trust wins £2bn pension mandate from Babcock International Group
UK – Northern Trust today announced it had been awarded a £2bn (€1.5bn) global custody mandate by Babcock International Group.
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NewsWednesday people roundup
GLOBAL – The Association of Corporate Trustees, Legal & General, Vontobel Asset Management, PIMCO, BNY Mellon Asset Management, Deloitte, Hymans Robertson, Capita Hartshead, Lane Clark & Peacock, Olivetree Securities
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NewsConstruction Federation Scheme's O'Reilly to join Attain Consulting
IRELAND – Phelim O'Reilly, general manager at the €400m Construction Federation Executive Pension Scheme (CFEPS), will become a partner at Attain Consulting.
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NewsUK government to unveil pension tax relief plans by autumn
UK – The government today published a discussion paper examining proposed changes to pension tax relief and said to expect a decision on the matter by autumn.
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NewsUK government considers career-average pensions for ministers
UK – The government has revealed details of possible reform for ministerial pensions, with changes that will bring MPs' retirement benefits in line with changes to the overall pension system.
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NewsCanadian pension fund buys UK group Tomkins for £2.9bn
GLOBAL – The Canada Pension Plan Investment Board (CPPIB) today announced the successful acquisition of UK engineering group Tomkins for £2.89bn (€3.4bn).
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NewsUnion threatens Ford with legal action over Visteon pensions
UK – Ford is facing a lawsuit over pension rights for the former employees of Visteon, a supply group sold by the company in 2000.
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NewsInvestment managers could offer more liability 'solutions', says IMA
UK – The chief executive of the Investment Management Association (IMA) has speculated that investment managers might supply more solutions that address specific liability needs.
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NewsUS governance experts Corporate Library and GMI merge
GLOBAL – US corporate governance experts The Corporate Library and GovernanceMetrics International (GMI) have announced a merger, effective immediately.
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NewsUK roundup: Ofcom, BT, Havering
UK – BT has suffered a blow in its bid to offset its £7.6bn pensions deficit by increasing the wholesale rates it charges competitors.
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NewsUSS board approves scheme changes
UK – The board of the £28bn (€33bn) Universities Superannuation Scheme (USS) last night approved changes that will see new scheme members paid career-average pensions rather than ones based on their final salary.
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NewsUK roundup: The Pensions Regulator, Hewitt, John Lewis Pension Fund
UK – The Pensions Regulator today released its annual report and accounts, outlining all actions it has taken over the last year, while Hewitt urged employers to prepare for the changes to pension taxation before a final legislation was drawn up and John Lewis Pension Fund significantly reduced its stake ...
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NewsNew York pension fund joined by four others in BP class-action suit
GLOBAL – The $132bn (€102bn) New York Common Retirement Fund has been joined by four further pensions funds from the US state of Ohio in a $200m class-action suit against BP.
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NewsUK tender roundup: Cardiff, Hillingdon
UK – Cardiff County Council has tendered a £25m global real estate fund-of-funds mandate, while London's borough of Hillingdon has appointed three new asset managers for a £180m mandate.
