All IPE articles in June 2008 (Online) – Page 4
-
NewsECJ sets date for UK age discrimination case
[16:45 CEST 19-06] UK/EUROPE – The European Court of Justice (ECJ) has set a date for the hearing of a legal action claiming the UK government has breached age discrimination regulations by allowing employers to set a mandatory retirement age of 65.
-
NewsTreasury criticises 'inadequate' with-profits regs
[16:40 CEST 19-06] UK – The UK parliamentary Treasury Select Committee (TSC) has criticised the Financial Services Authority (FSA) for the "inadequacy" of the regulatory regime surrounding with-profits funds, and warned if the system is too complex the FSA needs to have a good argument why with-profits products should continue.
-
NewsEuro-equities hit popularity low with institutions
[16:35 CEST 19-06] GLOBAL – Stagflation fears are driving institutional investors out of equities and bonds into cash, as fund mangers globally have their most negative stance towards equities in a decade, according to investment bank Merrill Lynch.
-
NewsAMF Pension wins Cannes Lions advertising award
[16:30 CEST 19-06] SWEDEN – The advertising bureau behind a novel advertising campaign for Sweden’s largest fund company AMF Pension has won a prestigious prize lauding the campaign’s success in making young people think about pensions.
-
.jpg)
NewsPension deal might break coalition
[16:25 CEST 19-06] AUSTRIA – The recently settled deal on sustainability in the pension system might now turn into the breaking point of the government coalition as one of the parties is changing its course.
-
NewsLGPS funding levels rise to 83.5%
[14:00 CEST 19-06] UK – Local government pension schemes (LGPS) improved the average funding level in 2007 to approximately 83.5% of liabilities, a survey has revealed.
-
NewsPADA to start administration search in 2009
[13:30 CEST 19-06] UK – The Personal Accounts Delivery Authority (PADA) has revealed it intends to issue a tender for scheme administration services for the new system of personal accounts in January 2009 with the contract expected to be awarded by the summer of 2010.
-
NewsUni fund fancies private equity co-investments
[13:15 CEST 19-06] UK – Britain’s second largest pension fund, the £30bn (€38bn) Universities Superannuation Scheme (USS), is eyeing co-investments in private equity and has announced a $750m (€484m) commitment to a US buyout fund.
-
NewsWorried pension trustees step up covenant reviews
[17:00 CEST 18-06] UK – Pension scheme trustees are reviewing the strength of their existing employer covenants on pension plans on a more regular basis, as a report issued by consultancy Mercer reveals the number of schemes asking for independent covenant reviews has risen to 28%.
-
NewsPolish pension reforms deemed "incomplete"
POLAND – The Organisation for Economic Cooperation and Development (OECD) has described recent Polish pension reforms as a welcome measure but branded them “incomplete” and called for further stringent reviews.
-
NewsMorgan Stanley axes 'award-winning' ETF team
[16:45 CEST 18-06] UK – Morgan Stanley has disbanded the renowned ETF research team, headed by Deborah Fuhr, as part of its move to cut jobs.
-
NewsEnvironment Agency and Somerset enters searches
[16:40 CEST 18-06] UK – The Environment Agency has begun a search for a firm to manage the administration of its two local government pension funds.
-
NewsWednesday people roundup
[16:00 CEST 18-06] GLOBAL - People roundup: Fidelity Investments, SGAM, BNY Mellon, Opal, Schroders, Hermes, Midas Capital, Merrill Lynch, Morgan Stanley, CQS.
-
NewsUK 'buy-in' specialist goes overseas (amended)
[15:20 CEST 18-06] UK – PensionsFirst, the recently-launched company which claims to completely immunise defined benefit (DB) schemes from risk, is now planning the launch of two separate offices in the US and Japan.
-
NewsIndustriens eyes consolidation of small pension schemes
[15:10 CEST 18-06] DENMARK - Two of Denmark’s smaller pension funds are considering merging with the much larger Industriens Pension, in a deal which could boost Industrien’s assets by 13%.
-
NewsBank withdraws Romanian pension business
ROMANIA – MKB Romexterra has quit the newly-created Romanian occupational pension sector because there are too few participants in its fund.
-
NewsFunds critical of non-cap-weighted indices
[16:30 CEST 17-06] EUROPE – A panel of institutional investors have expressed its doubt about the added value of non-cap-weighted indices such as fundamental indices.
-
NewsParmalat investors launch new European legal action
[16:15 CEST 17-06] EUROPE – Institutional investors are backing a group of 4,000 Parmalat investors who lost money in the Italian dairy firm’s collapse by launching legal action against certain banks and international auditors in the case.
-
NewsUN's doubles RI standards' signatories
[16:00 CEST 17-06] GLOBAL – Signatories to the Principles of Responsible Investing, drafted by two agencies of the United Nations (UN), have more than doubled so far in 2008 to 381 participants.
-
NewsLords warned of 'qualifying earnings' risk
[15:40 CEST 17-06] UK –Professional bodies representing the UK pensions industry have collectively warned changes are needed to the current Pensions Bill because the current definition of ‘qualifying earnings’ limit creates a benefits chasm between the proposed personal accounts and existing employer-based schemes.
