All IPE articles in July 2009 (Online)
View all stories from this issue.
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NewsPPF to set up steering group for revising levy plans
[16:35 CEST 31-07] UK – The Pension Protection Fund (PPF) is to establish a steering group to aid in the "refinement" of proposals for the development of the risk-based levy, following concerns over key areas such as long-term insolvency probabilities and the treatment of sophisticated investment strategies.
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NewsDevon outsources assets to four new managers
[16:30 CEST 31-07] UK – Devon County Council has appointed four new investment managers to its £1.87bn (€2.19bn) pension fund following a decision last year to outsource a large proportion of its in-house managed assets.
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NewsThird pillar growth unbroken by crisis
[16:15 CEST 31-07] GERMANY/AUSTRIA – Interest in third pillar savings funds has remained high even through the financial crisis, according to both the German investment association BVI and the Austrian regulator FMA.
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NewsIASB trips up in corridor
[16:15 CEST 31-07] GLOBAL - A bid by the International Accounting Standards Board (IASB) to relax the requirements of IAS19 in respect of discount rate determination has run into the sand as staff and board have failed on three occasions to finalise transitional arrangements.
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NewsPressure grows for abolition of default retirement age
[16:15 CEST 31-07] UK – A cross-party group of MPs has reiterated its call for the default retirement age of 65 to be abolished, as it believes the practice is "discriminative and unnecessary".
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NewsBorland to leave Hymans Robertson
[16:00 CEST 31-07] UK – Russell Borland, managing partner at Hymans Robertson, is stepping down from his role and retiring from the firm for health reasons, the consultancy has announced.
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NewsFinancial crisis boosted fiduciary management - Kraneveld
[16:45 CEST 31-07] GLOBAL - The financial crisis has benefited fiduciary management, according to international pensions expert Peter Kraneveld.
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NewsPension funds 'still some way from climate change integration'
[15:30 CEST 31-07] GLOBAL - Pension funds still have a long way to go when it comes to integrating climate change into their investment management strategy, according to Danyelle Guyatt, principal at Mercer's responsible investment team.
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NewsKeva to set up transition manager panel
[16:50 CEST 30-07] FINLAND - Kuntien eläkevakuutus (Keva), the Finnish Local Government Pensions Institution, is looking to establish a transition manager panel for its €20bn scheme.
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NewsNDA awards Deloitte actuarial contract
[16:50 CEST 30-07] UK – The Nuclear Decommissioning Authority has appointed Deloitte Total Rewards and Benefits to provide actuarial advice on the pension arrangements that fall within the organisation’s remit.
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NewsGerman employers predict little second pillar growth
[16:45 CEST 30-07] GERMANY – German companies are convinced that interest in occupational pensions among their employees will not grow, according to a recent poll.
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NewsDutch pension fund to invest in US debt
[16:25 CEST 30-07] IPE QUEST – A Dutch pension fund is looking to invest $150m (€106m) in US investment grade debt, using IPE-Quest.
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NewsBT and BAE hit by wider pension deficits
[16:15 CEST 30-07] UK – The BT Pension Scheme is still the UK’s largest pension scheme but financial figures published today show its deficit widened to a massive £8bn (€9.38bn) gross in the first quarter of its telecoms sponsor’s financial year, while BAE’s UK pensions deficits is now at over ...
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NewsTrinity deficit rises €80m as bond yields hit home
[16:30 CEST 30-07] UK – Falling corporate bond rates and rising inflation caused the pension deficit of Trinity Mirror's 10 defined benefit (DB) pension schemes to increase by £68.3m (€80m) in the first half of this year.
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NewsConsultancy attains independent trustee status
[12:00 CEST 30-07] IRELAND – Attain Consulting is tapping what it expects to be the next big growth market in pensions and investment consulting by launching a separate independent trustee business to assist Irish company pension schemes.
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NewsNorthumberland appoints investment adviser
[17:10 CEST 29-07] UK – Northumberland County Council has appointed Mercer as its investment adviser, replacing Watson Wyatt who had held the contract for almost two decades.
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NewsHighland schemes seeks advice for tax recovery
[17:10 CEST 29-07] UK - The Highland Council is seeking a provider of tax advisory service to help its £627.8m (€730.9m) local government pension scheme (LGPS) claim back withholding taxes on dividends from EU and EEA sources.
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NewsAkzoNobel pension deficits hit €1.5bn
[17:05 CEST 29-07] UK/NETHERLANDS – Quarterly figures from Dutch paint and coatings firm AkzoNobel has revealed almost £20m (€23.3m) extra had to be pumped into the ICI UK defined benefit (DB) pension fund in the second quarter following its latest funding valuation.
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NewsPGGM mulls a cull of individual equities
NETHERLANDS - Asset manager PGGM Investments is thinking of drastically reducing the number of individual equity investments it holds, in order to simplify its investment policy and build an improved ESG focus on the companies it its portfolio.
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NewsBenefits of default retirement age are 'exaggerated'
[17:00 CEST 29-07] UK – The advantages of a mandatory retirement age of 65, implemented under employment equality regulations in 2006, "have been exaggerated", claims research conducted for the Employers Forum on Age (EFA) and The Age and Employment Network (TAEN).
