All IPE articles in July 2008 (Online) – Page 10
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News
UK solvency ratios worst hit by credit crunch
[16:00 CEST 30-07] EUROPE – UK pension funds saw the steepest decline in solvency ratios in the first half of 2008 thanks to falling asset values and rising inflation, according to Lehman Brothers.
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News
LPFA commits to ING’s global real estate FoF
[16:10 CEST 30-07] UK - The London Pension Fund Authority has committed £150m (€190m) of capital to a new global property fund of funds (FoF) launched this week by ING Real Estate Select.
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News
UK business warns of pensions retreat to MFR
[15:00 CEST 31-07] UK – Business leaders have warned increasing regulatory pressure on the UK defined benefit pensions market could force a slide back towards the application of a Minimum Funding Requirement.
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News
Dutch institutions too relaxed in tackling fraud - FEC
[15:15 CEST 31-07] NETHERLANDS – Financial institutions and service providers do too little to tackle fraudulent real estate transactions in the Netherlands, an official analysis of criminal and supervisory investigations has found.
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News
PMA keeps cover ratio to 185%
[15:45 CEST 31-07] NETHERLANDS - The €1.1bn pension fund for pharmacies’ staff PMA has managed to maintain a cover ratio of approximately 185%, despite experiencing a 23 percentage point drop in the first half of 2008.
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News
Slovak pension returns drop just 0.7% in H1
[16:00 CEST 31-07] SLOVAKIA – Slovak pension funds suffered less from the ravages of the financial markets in the first half of 2008 than their European peers thanks to their very conservative asset allocation.
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News
Telegraph opts for bulk buyout as prices begin to rise
[16:15 CEST 31-07] UK – The Telegraph Media Group, publisher of UK broadsheet the Telegraph, has tapped Legal & General to buy out £12m of its defined benefit staff pension plan liabilities.
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News
Fiduciary trend boosts compliance monitoring demand
[16:30 CEST 31-07] NETHERLANDS – The growing trend towards fiduciary management in the Netherlands has led to increased demand among pension fund trustees for the monitoring of manager performance, according to asset servicing firm Northern Trust.
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NewsFSA tells insurers to speed up annuity transfers
[16:45 CEST 31-07] UK – The UK’s financial services regulator, the Financial Services Authority has revealed the process of transferring pensions annuity cases between at insurance companies is being delayed in over 60% of cases in part because participants are confused by the forms to be completed.
