All IPE articles in July 2009 (Online) – Page 6

News
UK DC plan assets hit by falling markets

2009-07-20T15:45:00Z

[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.
News
Norway global fund appoints UK ethical research firm

2009-07-20T15:55:00Z

[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.
News
Discipline board investigates actuaries about First Quench fund

2009-07-20T16:15:00Z

[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.
News
Liechtenstein Sozialfonds to enhance risk taking

2009-07-21T13:20:00Z

[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.
News
Building society announces closing of DB fund

2009-07-21T13:35:00Z

[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.
News
Union finds corporate bond Spezialfonds in demand

2009-07-21T15:15:00Z

[16:15 CEST 21-07] GERMANY – Frankfurt-based Union Investment saw net inflows of €3.8bn in the first half of 2009.
News
UN staff fund grew 12.3% in second quarter

2009-07-21T15:30:00Z

[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.
News
UK pension complaints keep stable in 2008/09 despite ‘turmoil’

2009-07-21T15:45:00Z

[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.
News
Pensions delivery body clocks up £11m accounting deficit

2009-07-21T15:55:00Z

[16:55 CEST 21-07] UK – The Personal Accounts Delivery Authority (PADA) has ended the financial year to 31 March 2009 with a net accounting deficit of £11.1m (€12.8m) in its "general fund" of capital, as funding solely from the government was insufficient to meet annual costs of £30.9m.
News
CHF350m needed as special payment from Swiss employers

2009-07-22T12:00:00Z

[13:00 CEST 22-07] SWITZERLAND – Recovery measures planned by various Swiss pensionskassen will not have a significant effect on the country’s economy, according to a Swiss federal government report.
News
Wednesday people roundup

2009-07-22T14:00:00Z

[15:00 CEST 22-07] GLOBAL – People roundup: Swedbank Investment Funds, Fidelity International, Mercer, FSA
News
Thurgau puts faith in ALM study

2009-07-22T14:15:00Z

[15:15 CEST 22-07] SWITZERLAND – The pensionskasse for the northern Swiss canton of Thurgau (PKTG) has hired Swiss consultancy Complementa to conduct an ALM study, after returning -18.9% last year.
News
Goris unveils an 'integrated' pensions consultancy

2009-07-22T15:00:00Z

[16:00 CEST 22-07] NETHERLANDS - Goris & Partners, the Netherlands-based investment consultancy, has expanded its operation to offer pensions fund boards a full, integrated management support service.
News
Pharmacists to sue State Street for Lehman losses

2009-07-22T15:15:00Z

[16:15 CEST 22-07] NETHERLANDS – Two Dutch pension funds - the €203m pension fund OPG, for medicines wholesale group Mediq, and PMA, the fund for pharmacists - have begun legal proceedings against State Street for losses incurred in the Lehman Brothers collapse.
News
Flight staff scheme is best performer at KLM

2009-07-22T15:30:00Z

[16:30 CEST 22-07] NETHERLANDS - A €5bn pension scheme for KLM flight staff suffered an investment loss of 9.2% last year, yet this is hailed as being the best performing pension fund of the airline’s three large schemes in 2008.
News
Kingston finalises restructuring with eight manager hires

2009-07-22T15:40:00Z

[16:40 CEST 22-07] UK – Eight new investment managers have been appointed by the Royal Borough of Kingston-Upon-Thames as part of the restructuring process of its £278.7m (€322.2m) pension fund investment portfolio.
News
DC trustees forced to focus on admin

2009-07-22T15:45:00Z

[16:45 CEST 22-07] UK – The majority of defined contribution (DC) fiduciaries, such as trustee boards or monitoring committees, claim they are forced to focus on the administrative side of scheme governance rather than qualitative activities such as investment strategy, according to a study conducted by Watson Wyatt.
News
PfZW maintains 100% cover ratio

2009-07-23T15:00:00Z

[16:00 CEST 23-07] NETHERLANDS – Pensioenfonds Zorg & Welzijn, the Dutch pension fund for care and welfare workers, has managed to hold onto the 100% cover ratio achieved by the end of May, thanks to a strong second quarter of gains in most asset classes.
News
Positive Q2 pushes NPRF above €19bn

2009-07-23T15:15:00Z

[16:15 CEST 23-07] IRELAND – The National Pension Reserve Fund (NPRF) has grown in value by almost €4bn as it posted a second quarter investment return of 9.4%.
News
SPMS saw cover ratio drop by a third

2009-07-23T15:30:00Z

[16:30 CEST 23-07] NETHERLANDS - The €4.2bn pension fund for medical consultants SPMS returned –16.2% on investments in 2008 and saw its cover ratio drop from 146% to 98%.