All IPE articles in June 2009 (Online) – Page 3
-
NewsTPR warns of need for 'prudence' in funding
[17:10 CEST 23-06] UK – The Pensions Regulator (TPR) has stressed the importance of "prudent" funding levels for pension schemes, and warned that while flexibility is available in recovery plans the pension scheme and members "should not be disadvantaged".
-
NewsDelegates told crisis shows Swiss systemic weaknesses
[17:00 CEST 23-06] SWITZERLAND – The financial crisis should be seen as a chance to amend the Swiss pension system, delegates at a retirement provision conference in Zurich have been told.
-
NewsEuropean investors display manager search activity
[16:45 CEST 23-06] EUROPE – Three institutional investors, including two continental European pension funds, are looking to hire asset managers for specialist equity mandates, using IPE Quest.
-
NewsBalanced pension funds pull back short-term gains
[16:25 CEST 23-06] UK – There is now evidence of improvement to three-year equity returns to pension fund assets, as the latest BNY Mellon CAPS pooled pension fund figures show, in the main, assets have continued to recover.
-
NewsOECD fears pensions backtrack in economic pressure
[16:00 CEST 23-06] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has warned governments should not to try and deal with short-term challenges in economic conditions by postponing pension reforms as the longer-term impact could be more damaging further down the road.
-
NewsThird of Irish DB failed funding test in 2008
[17:00 CEST 22-06] IRELAND – More than three out of 10 defined benefit (DB) pension schemes submitting actuarial funding certificates (AFC) in 2008 failed to meet the required funding standard, the Pensions Board has warned.
-
NewsTPR seeks analytical services to boost offering
[16:55 CEST 22-06] UK – The Pensions Regulator (TPR) is seeking participants for a framework agreement providing analytical services to supplement its in-house resources.
-
NewsEq Life ex-gratia office appoints actuary
[16:50 CEST 22-06] UK – Towers Perrin has been appointed as actuarial advisers to the office of Sir John Chadwick, which was established as an independent government adviser on the development of an ex-gratia payment scheme for Equitable Life policyholders.
-
NewsDWP rejects calls for further FAS funding
[16:40 CEST 22-06] UK – The government has rejected suggestions that it should increase funding to the Financial Assistance Scheme (FAS) and allow it to cover all lost benefits when a scheme has wound up, by arguing that the FAS was never intended to replicate each pension fund's structure of ...
-
NewsSPW fell 4.3% in first quarter
[16:30 CEST 22-06] NETHERLANDS - SPW, the €4.1bn pension fund for housing corporations, returned –3.9% in investments during the first quarter – just 0.5% short of its benchmark.
-
NewsInvestment Solutions to deliver 'real' fiduciary management
[16:15 CEST 22-06] UK – Investment Solutions, a UK multi-manager division of Alexander Forbes, has attacked rival investment consultancies for what is says is abuse of the term ‘fiduciary management’.
-
NewsA&O to take over Aon’s Dutch pension admin
[15:45 CEST 22-06] NETHERLANDS - Pensions administrator A&O Fondsmanagement will take over the pension administration activities of Aon Consulting Netherlands.
-
NewsEconomist warns pensions should not contain equities
[14:00 CEST 22-06] AUSTRIA – Investing in equities is unsuitable for pension fund investment, according to Helmut Kramer, the former head of Austria’s economic research centre Wifo.
-
NewsMEP pension decision will apply to all members
[17:10 CEST 19-06] EUROPE – The European Parliament has agreed to apply a judgment to all members of the MEPs' pension fund if it loses a legal action over changes to the ABSL voluntary pension scheme, and not just to participants who pursue the case.
-
NewsLeicestershire awards target return mandate
[17:00 CEST 19-06] UK – Leicestershire County Council has appointed two managers to run a target return portfolio, estimated at around £300m for its £1.5bn (€1.75bn) pension fund.
-
NewsGoodwin pension cut avoids legal uncertainty
[17:00 CEST 19-06] UK – Legal protections prohibiting employers from retrieving pension benefits remain in tact after Royal Bank of Scotland (RBS) after Sir Fred Goodwin, the former chief executive, agreed to voluntarily reduce his annual pension to £342,500 (€404,046).
-
NewsDairy Crest mulls pension future after buy-in
[17:00 CEST 19-06] UK – Dairy Crest has revealed it is in consultation with staff regarding the future of its defined benefit (DB) scheme, after completing a second buy-in of pensioner liabilities.
-
NewsFRR lowers equity holding in strategic review
[16:55 CEST 19-06] FRANCE – FRR, the French national pension fund, has completed its strategic asset allocation review and effectively split equities and bonds holdings as well as introduce new standards on the level of returns and volatility set.
-
NewsMortality projections model tailored to user needs
[16:30 CEST 19-06] UK - The UK Actuarial Profession has unveiled a prototype mortality model for projecting increases in life expectancy which it believes will better reflect recent mortality rates and trends.
-
NewsDonner to close ‘levensloop’ hole
[16:00 CEST 19-06] NETHERLANDS - Social affairs’ minister Piet Hein Donner has announced measures to prevent workers who have taken early retirement under the tax-friendly ‘levensloop’ savings scheme from also taking advantage of the tax-facilitated ‘doorwerkbonus’, or non-stop bonus, which is meant to encourage longer working.
