All IPE articles in July 2009 (Online) – Page 5
-
NewsIrish 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.
-
NewsTNT 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.
-
NewsAmex 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.
-
NewsUnusual 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 ...
-
NewsDutch 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.
-
NewsStudy 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.
-
NewsDNB 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.
-
NewsABV 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.
-
NewsNorway Global gains lead to record assets
[16:40 CEST 15-07] NORWAY – The Government Pension Fund – Global has reported a continued increase in its fund value with a further NOK75bn increase in June to reach NOK2.383trn €262.9bn).
-
NewsIslington tenders UK and global property
[16:30 CEST 15-07] UK – Islington Council is seeking one or more managers to run new active UK and global property mandates with a combined value of £100m (€117m).
-
NewsABP, PME and PMT see positive gains so far
[16:30 CEST 15-07] NETHERLANDS – Three of the Netherlands' largest pension funds saw significant improvements to their investment returns and cover ratios during the last three months, though PME said it is still awaiting regulatory approval of its recovery plan.
-
NewsLegal issues prevent early UK pensions auto-enrolment
[14:30 CEST 15-09] UK – The UK government has claimed auto-enrolment cannot be brought forward before 2012 as the obstacles related to legal and European issues are "insurmountable".
-
NewsWednesday people roundup
[14:00 CEST 15-09] GLOBAL – People roundup: Janus Capital, Cardano, Standard Life Investments, Robeco, NAPF, OPF/VB, Fortis Belgium, F&C, Russell Investments, ProTrak
-
NewsUK DB deficit grows £20bn in June
[17:00 CEST 14-09] UK – The funding position of defined benefit (DB) schemes deteriorated in June for the first time since March, as the aggregate deficit of around 7,400 schemes increased by more than £20bn to £200.1bn (€233.3bn).
-
NewsIrish pensions paybill to hit €2bn in 2009
[16:55 CEST 14-09] IRELAND – The net cost of pensions to the Irish Exchequer increased by 56.5% between 2004 and 2009 to reach almost €2bn, figures from the department of finance have revealed.
-
NewsRetirement age review may cause DB admin headache
[16:50 CEST 14-09] UK – The potential removal or increase of the default retirement age (DRA) of 65 could cause "administrative wrinkles" for defined benefit (DB) schemes with different normal retirement ages.
-
NewsPensions deficits grow to €1.7bn at Philips
[16:45 CEST 14-09] GLOBAL – Philips, the electronics manufacturer, has reported the deficit on its defined benefits pensions plans now stands at over €1.7bn globally as a result of negative market activity in the last six months.
-
NewsDC members might want lower risk defaults – Hymans
[16:00 CEST 14-09] GLOBAL – Pensions consultancy Hymans Robertson has suggested trustees who are thinking of creating defined contributions scheme defaults containing diversified growth funds should try to avoid the ‘one size fits all’ offering and instead recommend offering members several ‘risk rated’ investment options.
-
NewsSwiss pensionskassen return 3.3% in H1
[15:45 CEST 14-09] SWITZERLAND – The last three months have proven to be very positive for the 100 Swiss Pensionskassen included in Credit Suisse's index.
-
NewsCrisis highlights importance of risk premium
[15:30 CEST 14-09] NETHERLANDS - The financial crisis has emphasised the need for investors to become more innovative and creative when seeking risk premium, according to Ronald Wuijster, managing director strategic portfolio management at APG Asset Management.
