All IPE articles in July 2009 (Online) – Page 5
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News
ABV gains assurances on 'first pillar' pensions status
[16:50 CEST 15-07] GERMANY – Politicians from the government coalition partner CDU have told the ABV, an association of pension funds for self-employed people such as doctors, lawyers or notaries, that the funds they represent will not be incorporated into the first pillar pension system.
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News
DNB rejects 'small number' of recovery plans
[17:00 CEST 15-07] NETHERLANDS - Pensions regulator De Nederlandsche Bank has rejected a ‘small number’ of recovery plans, and is still discussing fine-tuning recovery proposals with approximately 50 schemes.
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News
Study suggests alpha potential of sustainability research
[11:00 CEST 16-07] GLOBAL - Investing in sustainability leaders ultimately contributes to superior long-term investment results with improved risk/return profiles, according to the latest research by Swiss-based SAM.
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News
Dutch notaries and pharmacists face pension cuts
[13:00 CEST 16-07] NETHERLANDS - Approximately 5,000 participants of the pension fund for notaries could face an 8.4% cut in pension benefits and claims by 2012, while members of the SPOA scheme could see reduced pensions too.
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News
Unusual market conditions sparked RSA longevity deal
[15:45 CEST 16-07] UK – The defined benefit pension schemes of Royal & Sun Alliance would likely have been unable to protect their pensioner liabilities with a gilt swap and longevity insurance deal completed earlier this week if market conditions had not thrown the fixed income market into array, suggest ...
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News
Amex suspends UK pension contributions
[16:15 CEST 16-07] UK – American Express has confirmed it is suspending contributions into both its defined benefit (DB) and defined contribution (DC) schemes in the UK for 18 months.
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News
TNT doubles pension premiums to deliver security
[16:15 CEST 16-07] NETHERLANDS – TNT, the Dutch postal service, almost doubled the employer contribution into its pension fund starting from April, in a bid to improve the cover ratio of its pension scheme.
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News
Irish pension complaints rise 56% in 2009
[16:20 CEST 16-07] IRELAND – The number of complaints received by the Pensions Ombudsman increased 56% in the first half of 2009, driven by the increased vigilance of pensions members.
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News
TPR 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.
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News
ABP 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.
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News
SFP 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.
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News
Slovak 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.
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News
FTSE 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.
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News
Gov'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.
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News
West 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.
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News
Barclays 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.
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News
BA 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.
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News
OECD 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.
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News
Lack 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.
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News
Interest 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.
