All IPE articles in June 2008 (Online) – Page 9
-
News
Airline union faces strike over staff pension closure
[13:00 CEST 27-06] UK – The GMB union has confirmed the British Air Line Pilots' Association (BALPA) will face industrial action by its own employees on July 2 over changes to its final salary pension scheme.
-
News
Swiss canton faces dear DB/DC change
[13:30 CEST 27-06] SWITZERLAND – The member committee of the Bernische Pensionskasse (BPK) wants the canton to guarantee all pension benefits should there be a switch from a defined benefit to a defined contribution scheme.
-
News
PGGM cuts alternative beta target
[14:00 CEST 27-06] NETHERLANDS – PGGM, the asset manager in charge of the €88bn assets of the Dutch health care pension fund PFZW, is likely to halve its 8% target allocation to alternative beta.
-
News
Czech Republic and Slovakia eye pension reforms (amended)
[14:30 CEST 26-07] EUROPE – The Czech parliament has finally approved changes to the pension system which will increase the State retirement age and incentivise savings in private plans, and Slovakia is planning to alter its private pension investment rules following pressure from the European Commission.
-
News
Gov't to consult on targeting TPR buyout powers
[15:35 CEST 27-06] UK – The UK government has claimed regulations extending the powers of The Pension Regulator (TPR), to allow it to force employers to contribute to pension schemes in certain circumstances, will "renew trust" in pensions so people can save with confidence.
-
News
John Lewis moves to boost DB take-up
[16:00 CEST 27-06] UK – The John Lewis Partnership is to improve its pension offering by reducing the waiting period for staff to join the final salary scheme and to introduce a new defined contribution scheme for new employees.
-
News
Bedfordshire to increase currency exposure
[16:15 CEST 27-06] UK – The £1.08bn (€1.36bn) pension fund of the UK local authority Bedfordshire county council has revealed it wants to increase its exposure to currency to 5% within the next few months.
-
News
Three in 10 Italian workers have private pensions
[14:45 CEST 30-06] ITALY – Less than 30% of Italian private sector workers are now signed up as members of private pension schemes but the number has at least climbed to 3.5 million people, data from Italian pension sector regulator Covip reveals.
-
News
Pictet claims growth towards packaged funds
[15:00 CEST 30-06] EUROPE – Institutional investors are increasingly looking at ready-made fund solutions for their investments rather than go through the process or tendering mandates, Swiss private bank Pictet has claimed.
-
News
ABP becomes Fortis’ second-largest shareholder
[15:15 CEST 30-06] NETHERLANDS – The €218bn giant Dutch pension fund ABP has confirmed it is now the largest shareholder of Fortis, after Chinese insurer Ping An.
-
News
Dutch government rejects raising retirement age
[15:30 CEST 30-06] NETHERLANDS - The Dutch government has rejected calls to raise the official retirement age and stated it would prefer to motivate people to work until they reach age 65.
-
NewsUN PRI to expel fund managers over disclosure
[16:00 CEST 30-06] GLOBAL – Donald MacDonald, chairman of the United Nations’ Principles of Responsible Investments (PRI), has refuted claims suggesting the initiative is a talking shop without teeth by threatening non-compliant fund manager signatories with expulsion.
-
News
1 in 9 unable to save for retirement
[16:15 CEST 30-06] UK – Approximately 60% of the UK population not currently saving for retirement claim they cannot afford to put money aside, a study by Scottish Widows has revealed.
-
News
Berkshire to increase alternatives exposure
[16:30 CEST 30-06] UK – The £1.49bn (€1.88bn) Royal County of Berkshire Pension Fund has confirmed its intention to move into emerging market debt and infrastructure with the issue of two new manager tenders.
-
News
Aegon merges Hungarian pension funds
[16:40 CEST 30-06] HUNGARY – Dutch financials group Aegon has announced it will merge its Hungarian pension fund with the ‘Uniqa and Public Service’ pension fund, following its recent purchase of Uniqa Asset Management.
