All IPE articles in July 2009 (Online) – Page 7
-
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.
-
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.
-
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.
-
NewsJudges 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.
-
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 ...
-
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.
-
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.
-
NewsWednesday people roundup
[14:00 CEST 08-07] GLOBAL - Hewitt Associates, Mercer, Skagen Funds, Pensions Management Institute, RBC Capital Markets
-
NewsCardiff seeks emerging markets manager
[17:20 CEST 08-07] UK - Cardiff County Council is seeking an emerging markets equity manager to run a specialist portfolio for the Cardiff & Vale of Glamorgan Pension fund.
-
NewsMerseyside appoints managers to transition panel
[16:55 CEST 07-07] UK – Wirral Borough Council has appointed four transition managers to aid the movement of assets in the Merseyside Pension Fund following strategy changes.
-
NewsNorway prepares review of active management
[16:55 CEST 07-07] NORWAY – The Norwegian ministry of finance is seeking a consultant to prepare a report which will then feed into the government’s evaluation of the active investment management of the NOK 2.3trn (€254.9bn) Norwegian Government Pension Fund – Global.
-
NewsTorfaen to move into global equities
[16:50 CEST 07-07] UK - Torfaen County Borough Council is searching for one or more managers to run a new global equity portfolio valued at around £100m.
-
NewsAhold scheme saw cover ratio fall 40%
[16:45 CEST 07-07] NETHERLANDS - The €1.8bn pension fund of retailer Ahold saw its cover ratio drop by 68 percentage points to 102% last year, through falling equity markets combined with decreasing long-term interest rates.
-
NewsSuffolk No.1 fund deficit nears £700m
[16:45 CEST 07-07] UK – The deficit of Suffolk County Council's main pension fund has more than quadrupled over the past two years to £690m (€800.8m).
-
NewsOECD calls for better pensions governance
[16:30 CEST 07-07] GLOBAL – The Organisation of Economic Cooperation and Development has just published guidelines and regulatory principles from which it believes all pensions regimes should base their pension fund governance, to deliver “stronger regulation and better governance”.
-
NewsKeva chief resigned ahead of exoneration
[16:00 CEST 07-07] FINLAND – Markku Kauppinen, the chief executive of Finland’s Local Government Pensions Institution (Keva), resigned yesterday following allegations of corruption concerning his political role and investments made by the pension fund. Yet supervisory officials today stated its own investigation found there was no sign of any wrongdoing.
-
NewsRomanian funds return 7% amid consolidation
ROMANIA – Funds in the Romanian mandatory second pillar reported an average return of 6.97% for the first half of 2009, and there are further consolidations in the pipeline.
-
NewsBorghouts quits ABP amid political pressure
[17:25 CEST 06-07] NETHERLANDS – Harry Borghouts, interim chairman of ABP, has chosen to step down from duties at the civil service pension fund following controversy around his role as Queen’s commissioner in the Noord-Holland province.
-
NewsBBC pension fund drops £1.6bn
[17:15 CEST 06-07] UK – The value of the BBC Pension scheme dropped £1.6bn (€1.86bn) to £6.5bn at the end of March 2009.
-
NewsGov't Finance Bill amendments not enough
[17:10 CEST 06-07] UK – Government amendments to anti-forestalling proposals ahead of the restriction of higher rate tax relief in 2011 have addressed some concerns held by pensions experts, though officials warn yet more needs to be done.
