All IPE articles in June 2009 (Online) – Page 7
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NewsNorthern Trust expands into pensions 'advisory'
[17:05 CEST 09-06] GLOBAL – Northern Trust has unveiled an additional service for pension funds and other clients which effectively sees it offer consultancy services to existing clients on asset, risk and regulatory management, but minus the manager selection element.
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NewsAlternatives as much to blame as banks - Swiss funds
[16:25 CEST 08-06] SWITZERLAND – Swiss pensionskassen believe the main causes of the financial crisis were a lack of appropriate regulation as well as excessive risks taken by the financial sector, among banks as well as managers of alternative asset classes such as private equity and hedge funds.
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NewsWorkplace healthcare 'key' to delaying retirement
[17:15 CEST 08-06] FINLAND – The average retirement age for employees would increase by a year if “effective occupational health care schemes” are provided at all workplaces, the Central Organisation of Finnish Trade Unions (SAK) has claimed.
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NewsCompanies are liquid enough to keep pensions - consultant
[17:15 CEST 08-06] AUSTRIA – Consultancy firm Arithmetica has claimed the recent financial crisis is further proof that occupational pensions are better left on the companies’ books than in separate arrangements.
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NewsRoyal Mail may shut scheme if gov't Bill fails
[17:20 CEST 08-06] UK – Royal Mail has warned it may be forced to close its £20bn (€22.98bn) defined benefit (DB) scheme if the government's plans for a part-privatisation of the company fail.
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NewsEagle lands in pensions hot seat
[17:05 CEST 08-06] UK – Angela Eagle MP has become the 11th minister in charge of UK pensions, following a reshuffle of junior ministers performed in the wake of last week's cabinet reshuffle.
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NewsDC pension contributions need to rise - Capita
[16:00 CEST 08-06] UK – The average contribution to company defined contribution schemes comfortably exceeds the minimum proposed for personal accounts due in 2012 yet bigger contributions are further needed, according to Capita Hartshead's 16th annual pensions administration survey.
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NewsBGI may be the exception in sale potential – M&A expert
[16:45 CEST 08-06] GLOBAL – The potential takeover of Barclays Global Investors (BGI) by rival passive management firm BlackRock has been hailed as one of the few asset management deals with the potential and value to be completed in the current economic climate, a merger and acquisitions specialist has suggested.
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NewsAPG Group appoints acting-CIO
[14:25 CEST 08-06] NETHERLANDS - Paul Spijkers, current chief investment officer at APG Asset Management, has been appointed in the interim to step into the CIO role left at the asset management group by Roderick Munsters.
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NewsFear of DB closures pre-empted tough week for pensions
[17:05 CEST 05-06] UK - Seven out of 10 Britons fear company pension schemes could be closed to all workers because of the tax changes in this year's Budget.
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NewsPension assets may be used to back local gov’t fund
[16:55 CEST 05-06] UK - A mutual fund backed by UK local authority pension funds could exist in embryonic form by early next year which will invest in public works such as the latter stages of private finance initiatives (PFI) and public-private partnership (PPP) projects.
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NewsAltering IFRIC 14 is right - consultants
[16:50 CEST 05-06] EUROPE - Two major pensions consultancy firms have broadly welcomed the recent move by the IASB to amend its asset-ceiling interpretation of IFRIC 14.
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NewsCooper to replace Purnell as pensions secretary
[15:45 CEST 05-06] UK – Yvette Cooper, chief secretary to the UK Treasury, is expected to be named later today as work and pensions secretary in a Cabinet reshuffle, following the shock resignation of James Purnell late last night.
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NewsFirm claims ability to certify hedge fund 'low fraud' risk
[16:30 CEST 05-06] GLOBAL – A company has launched what it claims is the first certification system, in the wake of the Madoff scandal, to demonstrate there is a low fraud risk attached to hedge funds and other investment managers.
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NewsClarity sought over ‘acting in concert’
[15:30 CEST 05-06] UK – Four bodies representing the UK investment and pensions industry have called for clarity on rules concerning shareholders seen to be ‘acting in concert’, so investors may act collectively to get key messages across to companies they invest in.
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NewsCapital rules may have forced Barclays' DB decision - consultant
[14:00 CEST 05-06] UK - Barclays' decision to close its UK defined benefit pension scheme may have been influenced by regulatory capital requirements, according to pensions consultancy Punter Southall.
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NewsUnion strengthens position on Corus DB closure
[17:25 CEST 04-06] UK – Community, the UK trade union, has claimed that Corus, the Anglo-Dutch steel manufacturer, has withdrawn a deadline for closing its DB scheme to new members.
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NewsLongevity swaps – buy now while stocks last?
[17:00 CEST 04-06] UK - DB pension schemes planning to offload longevity risk by purchasing swaps should strongly consider buying them now, according to Mercer.
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NewsDanish investor pursues European equities
[16:55 CEST 04-06] DENMARK – Danish firm Nykredit Asset Management is looking to invest up to $150m (€100m) in all/large-cap equities, using IPE-Quest.
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NewsFuture gov't bond returns to be 'considerably lower' - PIMCO
[16:50 CEST 04-06] GLOBAL – Fixed income specialist Pimco has warned that investors must expect government bonds to deliver poorer returns over the coming years than recently seen, as the state of US government borrowing is likely to frighten investors away when the market is being flooded by paper.
