All IPE articles in July 2009 (Online) – Page 4
-
NewsUK pension complaints keep stable in 2008/09 despite ‘turmoil’
[16:45 CEST 21-07] UK – The number of complaints to the Pensions Ombudsman remained steady in 2008/09 at 742, despite receiving the highest level of enquiries for four years.
-
NewsUN staff fund grew 12.3% in second quarter
[16:30 CEST 21-07] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) reported an increase of $3.5bn (€2.46bn) in the second quarter of 2009.GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) reported an increase of $3.5bn (€2.46bn) in the second quarter of 2009.
-
NewsUnion finds corporate bond Spezialfonds in demand
[16:15 CEST 21-07] GERMANY – Frankfurt-based Union Investment saw net inflows of €3.8bn in the first half of 2009.
-
NewsBuilding society announces closing of DB fund
[14:35 CEST 21-07] UK – West Bromwich Building Society has announced it is closing its defined benefit (DB) scheme to existing members from next month.
-
NewsLiechtenstein Sozialfonds to enhance risk taking
[14:20 CEST 21-07] LIECHTENSTEIN – The largest pensionskasse in the small principality of Liechtenstein, the ‘Sozialfonds’, says it is strong enough to take on longevity and other demographic risks itself.
-
NewsDiscipline board investigates actuaries about First Quench fund
[17:15 CEST 20-07] UK – The Accountancy and Actuarial Discipline Board (AADB) has initiated an investigation into the conduct of actuaries in relation to the substitution of the sponsoring employer of the First Quench Pension Fund.
-
NewsNorway global fund appoints UK ethical research firm
[16:55 CEST 20-07] NORWAY – The Ministry of Finance has announced that UK firm Livingstone & Company will provide research on companies included in the investment portfolio of the NOK 2.38trn (€264.2bn) Government Pension Fund – Global that may be in conflict with its ethical guidelines.
-
NewsUK DC plan assets hit by falling markets
[16:45 CEST 20-07] UK – Falling global equity markets have caused the total assets in UK defined contribution (DC) plans to drop 2.3% to £420bn (€488bn), Aon Consulting has revealed.
-
NewsInterest and currency hedges help TNO limit losses
[16:40 CEST 20-07] NETHERLANDS - The €1.9bn pension fund of the institute for applied scientific research TNO managed to limit its loss to - 7.1% thanks to major hedging of both its interest and currency risks.
-
NewsLack of advisers''toolkit' knowledge raises TPR concerns
[16:30 CEST 20-07] UK – The Pensions Regulator (TPR) has admitted to concerns that certain parts of the pension industry, particularly advisers, are "not as familiar" with its 'toolkit' on trustee knowledge and understanding (TKU) requirements as they claim to be.
-
NewsOECD says DC needs 'careful' regulation after losses
[16:15 CEST 20-07] GLOBAL – The regulation of investment choices and default options in defined contribution (DC) pension schemes need to be more carefully implemented than has been done in the past, the Organisation for Economic Co-operation and Development (OECD) has warned.
-
NewsBA trustees give up guarantee to avoid insolvency
[17:00 CEST 17-07] UK – Trustees of the British Airways pension schemes have handed £330m (€382m) of contingent assets back to the airline as part of an effort to try and help improve the firm's liquidity and avoid insolvency.
-
NewsBarclays faces strike threat over DB closure
[16:15 CEST 17-07] UK – Barclays workers are to be balloted by Unite the Union for potential strike action over the closure of the final salary pension scheme.
-
NewsWest Yorks tenders for custodian as NDA appoints lawyers
[16:00 CEST 17-07] UK – The West Yorkshire Pension Fund (WYPF) has released further details of its search for a banking and custodian services provider.
-
NewsGov't recommended to halt NPRF premiums
[15:45 CEST 17-07] IRELAND – The continual payment of 1% of GDP into the National Pension Reserve Fund (NPRF) is "difficult to justify" and should be suspended in an effort to control public spending and borrowing, a group known as An Bord Snip Nua has told the government.
-
NewsFTSE 100 cash pension deficit passes £300bn
[15:30 CEST 17-07] UK – The total cash amount needed to meet the deficits in FTSE 100 defined benefit (DB) schemes now exceeds £300bn (€349bn), according to global accounting and consultancy firm Deloitte.
-
NewsSlovak funds down amid 'dramatic changes'
SLOVAKIA – The six funds in the Slovak mandatory second pillar posted negative returns for the second quarter of this year, halving the six-months’ performance just as a new bill introduced structural changes.
-
NewsSFP picks ING as its asset manager
[15:00 CEST 17-07] NETHERLANDS - The €370m pension fund for privatised government organisations (SFP) has chosen ING Group as its new asset manager.
-
NewsABP appoints Ed Nijpels as chairman
[13:15 CEST 17-07] NETHERLANDS - Ed Nijpels will become the new chairman of ABP, the €180bn pension fund for civil servants and teachers, from 1 August.
-
NewsTPR warns of tougher stance under new ECR
[16:25 CEST 16-09] UK – The Pensions Regulator (TPR) has warned the pension industry it will "see a very different regulator" once it implements the Employer Compliance Regime (ECR) for the 2012 pension reforms.
