All IPE articles in July 2009 (Online) – Page 7
-
News
HSE reports pension deficit hits €29m
[16:40 CEST 23-07] IRELAND – The Health Service Executive (HSE) has revealed there was a 45% increase in the deficit of its defined benefit (DB) pension costs totalling €29m by the end of May.
-
News
Research claims UK adults expect to retire past 70
[16:45 CEST 23-07] UK – Less than half of workers expect to be able to retire before the age of 70, while 69% of those already aged over 65 do not know when they will be able to start retirement, Barings Asset Management has claimed.
-
News
TPR 'willing to enforce' DC improvements
[16:50 CEST 23-07] UK – The Pensions Regulator has signalled its intention to take a tougher stance on defined contribution (DC) pensions governance, with a particular focus on retirement options and processes and employer engagement.
-
News
Aberdeen offers £160m global equity mandate
[16:55 CEST 23-07] UK – Aberdeen City Council is seeking investment managers to run a specialist portfolio in global equities excluding UK for its local government pension fund.
-
News
Investors back forest footprint project
[13:30 CEST 24-07] GLOBAL - Sixteen investors worth $2.2trn (€1.5trn) have thrown their weight behind an initiative calling on businesses to disclose what they describe as their ‘forest footprint’.
-
News
Shell scheme saw assets dive by 43%
[14:00 CEST 24-07] NETHERLANDS - The Dutch pension fund of energy giant Shell saw its assets drop by over 43% to €10.6bn last year, and its cover ratio plummeted from 180% to 80%.
-
News
Mutual funds to see surge in German institutional interest
[15:00 CEST 24-07] GERMANY – Interest in mutual funds (publikumsfonds) is "high" and "set to grow" among German institutional investors, according to a poll of fund managers and investors.
-
News
Actuarial vote falls short for merger plan
[15:30 CEST 24-07] UK – The merger of the UK's two actuarial profession bodies received has significant support from members of both organisations, however the plans have been delayed as a vote by the Institute of Actuaries fell short of the required majority to continue with the merger.
-
News
AIFM could bring less fund choice, claims law firm
[17:00 CEST 24-07] EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
-
News
Cornwall drops £215m in 2008/09
[17:05 CEST 24-07] UK – Cornwall Council's local government pension fund lost £215m in the year to 31 March 2009, figures have revealed.
-
News
Hymans wins Macmillan investment role
[16:05 CEST 24-07] UK – Publishing company Macmillan has appointed Hymans Robertson to provide investment consulting services to its pension fund.
-
News
Suffolk suspends transition manager search
[17:05 CEST 24-07] UK – Suffolk County Council has confirmed it has suspended the procurement process for a transition manager after it had problems with offering the contract on a contingency basis.
-
News
Swiss pensions shift to equities and property
[13:30 CEST 27-07] SWITZERLAND – Swiss pensionskassen made a definite shift back into equities in the second quarter of this year alongside a record level of real estate investments, new figures suggest.
-
News
SR Technics to be excluded from pensions lifeboat
[14:00 CEST 27-07] IRELAND – Trustees of the SR Technics pension fund have been told the scheme is not eligible for help from the new rescue fund for pensions known as the Pensions Insolvency Payment Scheme (PIPS) as the government cannot extend the categories of insolvency to still solvent employers.
-
News
Merchant Navy asks KPMG to review 'delegated CIO'
[14:30 CEST 27-07] UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has tasked KPMG with assessing whether Watson Wyatt should continue as its ‘delegated CIO’ or whether a new fiduciary manager should be appointed.
-
News
Westminster deficit hits £331m as fund drops 24%
[15:00 CEST 27-07] UK – Westminster City Council has revealed the deficit in its pension fund had more than doubled to £331.9m by the end of March 2009.
-
News
1 in 3 Irish schemes 'will not clear deficit in 10 years'
[16:00 CEST 27-07] IRELAND - Irish employers are “substantially re-evaluating their funding obligations” as a potential 30% do not have the ability to fund deficits over the next 10 years, suggests research from PricewaterhouseCooper (PwC).
-
News
Hedge limits Dutch retail funds loss
[17:10 CEST 27-07] NETHERLANDS - The €6.9bn pension fund for the retail sector (BD) says it limited its loss to -1.1% in 2008, thanks to an interest rate hedge on two-thirds of its liabilities.
-
News
Pension funds rally against need to report cooperation
NETHERLANDS – Representatives of the Dutch pension funds arena have lodged an appeal with the competition regulator NMa against a duty to report any cooperation of activity between pension funds.
-
News
Trying to time the market 'is dangerous', claims author
[15:45 CEST 28-07] GLOBAL - Investors should not play the markets, according to Burton Malkiel, author of the book entitled ‘A random walk down Wall Street’ and Chemical Bank chairman’s professor of economics at Princeton University.
