All IPE articles in June 2008 (Online) – Page 2
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News
aba fears 'automatic link' to Solvency II
[15:15 CEST 04-06] GERMANY/EUROPE – aba, the German pension vehicle federation, has warned pension providers could still see an impact from Solvency II through the IORP Directive, even if the European Commission makes no explicit link.
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Wednesday people roundup
[15:30 CEST 04-06] People roundup: GLOBAL – F&C, BoNY Mellon, BSAM, LGIM, RREEF, Strategeon, Pimco, Barnett Waddingham, Henderson Global Investors, SNS Reaal, Loyalis, Schroders.
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News
SEB's pension divisions fined for regulatory failures
[16:00 CEST 04-06] SWEDEN - Financial services firm SEB has been fined SEK30m (€3.2m) by the regulator for failing to have risk or compliance controls in place at its two pensions businesses, and been given three months to put things right.
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Regulatory compliance 'challenge' for UK and Netherlands
[16:15 CEST 04-06] GLOBAL – Around 45% of pension funds find it challenging to comply with pension regulation following increased complexity in governance requirements, according to SEI Global Institutional Solutions.
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News
SWF ESG policy is not "political interference"
[13:15 CEST 05-06] NORWAY - The decision to exclude companies from the investment universe of a sovereign wealth fund (SWF) should not be seen as “undue political interference”, the Norwegian minister of finance has claimed.
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News
Managed funds hit second positive month
[13:30 CEST 05-06] IRELAND – Irish group managed pension funds delivered a second month of positive returns, with an average result of 0.2% in May.
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News
Delta Lloyd to outsource German fund administration
[14:00 CEST 05-06] GERMANY – Kas Bank, the Dutch securities bank, today announced it has entered into discussions on an exclusive basis with Delta Lloyd Deutschland AG to take over fund administration activities in Germany.
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Delta agrees partial buyout with PIC
[14:45 CEST 05-06] UK – Delta has agreed a £451m (€571m)partial buyout with Pension Insurance Corporation (PIC) to insure the liabilities of existing pensioners.
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News
Dutch pension assets still invested in weapons
[15:00 CEST 05-06] NETHERLANDS - A considerable number of Dutch pension funds are still investing in weapons, such as landmines, cluster ammunition and nuclear weapons, according to a pressure group.
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News
IASB hints at watering down of pensions review
[16:20 CEST 05-06] GLOBAL - The International Accounting Standards Board could be on the verge of scaling back the scope of its Phase I project to address pensions accounting.
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News
UK considers move to conditional indexation
[16:30 CEST 05-06] UK – The Department for Work and Pensions (DWP) has issued a consultation on alternative ways to share risk in occupational pension schemes, including the potential for introducing conditional indexation.
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News
Aegon to roll out pension asset pooling in autumn
[16:35 CEST 05-06] NETHERLANDS – Aegon is planning to launch a pension asset pooling platform in autumn which is is being developed with Citigroup and TKP Investments andis specifically targeted at multinational companies, IPE has learnt.
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News
Pension buffers protected from credit impact - Donner
[11:00 CEST 06-06] NETHERLANDS - The legally required financial buffers for pension funds have been adequate in preventing shortfalls as a consequence of the credit crisis, according to social affairs minister Piet Hein Donner.
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News
Finland must adjust pension system - OECD
[12:00 CEST 06-06] NETHERLANDS – The Organisation for Economic Co-operation and Development (OECD) has warned Finland its medium-term fiscal policy challenges need to be addressed with further pension reform and tighter fiscal policy in the short-term.
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News
Fiduciary managers to be stamped with hallmark
[12:30 CEST 06-06] NETHERLANDS – The planned code of conduct for fiduciary managers pitching services to Dutch pension funds will take the shape of a quality mark, IPE has learnt.
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News
IAPF warns of compulsory pensions 'havoc'
IRELAND – The Irish Association of Pension Funds (IAPF) has warned introducing compulsion to Irish pension schemes would “cause havoc”.
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News
German CGT reforms 'to cut pensions'
[14:00 CEST 06-06] GERMANY – Lifting the capital gains tax (CGT) exemption for pension funds would create a double burden on pensioners, the association of company-specific pension schemes (VFPK) hs warned.
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NewsTeeside offers £1.75m direct property mandate
[15:45 CEST 06-06] UK – Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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NewsActuaries criticise dismissal of enhanced transfers
[16:00 CEST 06-06] UK – Enhanced transfer values can offer a genuine opportunity for members to receive a bigger pension and should not be automatically rejected, actuaries have claimed.
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News
OECD reaches 'proportional' safeguards to SWFs threat
[16:30 CEST 06-06] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has managed to secure agreement between governments they will apply investment safeguards considered “proportional to clearly-identified national security risks” where sovereign wealth funds (SWFs) attempt to invest in domestic assets.
