All IPE articles in July 2009 (Online) – Page 3
-
NewsWednesday people roundup
[14:00 CEST 08-07] GLOBAL - Hewitt Associates, Mercer, Skagen Funds, Pensions Management Institute, RBC Capital Markets
-
NewsShetland Islands tenders investment and actuarial services
[14:30 CEST 08-07] UK – Shetland Islands Council is tendering both the investment consultancy and actuarial consultancy roles for its local authority pension fund.
-
NewsIBM considers closure of UK DB scheme
[16:00 CEST 08-07] UK – IBM, the computer manufacturer, has begun a consultation with its employees which could see the closure of its UK-based defined contribution pension scheme.
-
NewsUK pensions could carry 'traffic light' style risk warning
[17:00 CEST 08-07] UK – The UK’s finance minister has unveiled a wide range of proposals concerning financial services regulation which are designed to tighten risk management of the entire UK financial system after the recent crisis, but could also impose some form of ‘traffic light system’ style risk warning ...
-
News
Judges allow Foster Wheeler appeal
[17:05 CEST 08-07] UK – Foster Wheeler has been allowed an appeal by the UK Court of Appeal against an earlier High Court judgment, which allowed members of its pension scheme with mixed Normal Retirement Dates (NRDs) to take all pension benefits at the earlier age without an actuarial reduction.
-
News'Buy and hold' pension strategies is over, claims banker
[17:10 CEST 08-07] AUSTRIA – New strategies and reforms are needed in the Austrian pensionskassen system, according to banking officials, yet politicians have claimed the first pillar is good enough even when young Austrians disagree.
-
NewsGwynedd limits Fidelity mandate over emerging markets
[17:20 CEST 08-07] UK – Gwynedd Council appointed Fidelity International to manage an active global equity mandate earlier this year, but it is now holding back some of the investment until the firm establishes an emerging market select fund.
-
NewsDNB approves ABP and PFZW recovery plans
[15:45 CEST 09-07] NETHERLAND – The pensions regulator, De Nederlandsche Bank, has approved proposals presented by the ABP and PfZW pension funds for recovery of their plans assets.
-
NewsDB accrual cuts will impact at snail's pace – Towers Perrin
[16:10 CEST 09-07] UK – Employers who halt defined benefit pensions accrual will see very little cost saving in the short-term, according to analysis conducted by Towers Perrin.
-
NewsCredit crisis 'could cause PPF cuts'
[17:00 CEST 09-07] UK – One potential consequence of a prolonged credit crisis is that the Pension Protection Fund (PPF) could be forced to cut the level of compensation paid to beneficiaries in order to survive, Barnett Waddingham has claimed.
-
NewsSwiss canton fund raises contributions
[17:10 CEST 09-07] SWITZERLAND – The CHF1.5bn (€1bn) Schaffhausen Pensionskasse is battling a 10.5 percentage point drop in its funding level.
-
NewsFoster Wheeler ruling could trigger further legal action
[17:15 CEST 09-07 UK – The Court of Appeal's judgement in the Foster Wheeler case has received conflicting reactions from the industry including a suggestion that the ruling could lead to further litigation.
-
News
Schemes advised be 'wary' of new mortality models
[17:20 CEST 09-07] UK – Pension schemes have been warned to be ‘wary’ of moving towards longevity projections based on data from the wider UK population rather than occupational scheme data, following the publication of the rationale behind a prototype mortality model.
-
.jpg)
NewsLAPFF fails to pass M&S resolution
[17:20 CEST 09-07] UK – A shareholder resolution put forward by the Local Authority Pension Fund Forum (LAPFF) calling for an independent chair of the board of Marks & Spencer (M&S) was backed by just 38% of shareholders.
-
NewsBritish Steel's internal team seeks Asia Pacific equity expert
[16:45 CEST 10-07] UK – The £9.8bn (€11.4bn) British Steel Pension Fund is looking to strengthen its internal investment team with the appointment of an Asia Pacific equity manager.
-
NewsUK schemes see outsourcing as key to admin cost cuts
[16:50 CEST 10-07] UK - Cost-cutting is the number one priority for UK pension schemes, according to the Pension Administration Survey 2009 from Hewitt Associates.
-
NewsIreland may be better off with first pillar
[16:55 CEST 10-07] IRELAND - The collapse in asset values of Irish pension funds has strengthened the arguments for pay-as-you-go (PAYG) financed pensions rather than funded ones, according to a senior finance lecturer at Dublin’s Trinity College.
-
NewsIrish ministerial pension cut is 'political cowardice'
[17:00 CEST 10-07] IRELAND – The government has been accused of "political cowardice" for reducing the pensions of former ministers by 25% instead of abolishing the entitlement immediately.
-
News
Partners Group sees CHF1.4bn inflows
[17:10 CEST 10-07] SWITZERLAND – The alternative asset manager Partners Group has reported a growth in assets under management to CHF24.9bn (€16.5bn) to June 30.
-
NewsUK PPF updates investment principles following insolvencies
[17:45 CEST 10-07] UK - The Pension Protection Fund (PPF) has updated its statement of investment principles (SIP) in response to the expected increase in its funds under management because of the surge in company failures.
