Markets – Page 153
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NewsUK fund for Icelandic bank recovers £2m from administrators
UK – Deposit made shortly before insolvency should not count towards Section 75 debt, court rules.
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NewsMercer Germany blasts Portability Directive's stance on vesting periods
EUROPE – Consultant says Brussels wants to shorten vesting periods 'through backdoor'.
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NewsMost of UK pensions industry backs DC models for defined ambition
UK – Aon Hewitt poll finds little appetite for bare-bones defined benefit.
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NewsPwC warns of higher longevity-swap costs as competition cools
UK – Increasing interest in de-risking worldwide to spread reinsurance capacity more thinly.
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NewsEC should avoid 'unnecessary changes' to IORP – Aon Hewitt
EUROPE – Consultancy says Brussels should instead tackle issues surrounding accrued pension rights.
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Deficit contributions outstrip dividends at some FTSE 350 companies
UK – Consultancy Barnett Waddingham identifies nearly two dozen companies.
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NewsDutch giant APG to invest €170m in Japanese warehouses
NETHERLANDS – 'Club-style' fund to focus on modern facilities near Tokyo, Osaka.
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NewsUnited Capital moves to quell growing disquiet over Doverie deal
EUROPE – Asset manager aims to 'strengthen ties' in Bulgaria, keep on current CEO.
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NewsServices trump coverage ratios for Dutch pension participants – survey
NETHERLANDS – TNS Nipo surveys 18,500 participants at 17 Dutch pension funds.
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NewsCross-border IORP market contracts for first time in three years
EUROPE – EIOPA report shows number of cross-border IORPs dropping from 84 to 82.
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NewsContract schemes' governance boards risk being 'cosmetic' – TUC
UK – Union umbrella group warns badly-executed policy could lead to 'veneer of governance' without real change.
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NewsSpanish government taps into Social Security Reserve Fund
SPAIN – Country's pension fund association says move is 'nothing abnormal'.
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NewsBulgaria to investigate controversial Doverie deal 'if necessary'
BULGARIA – Unions, politicians question transparency of UK-based buyer United Capital.
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NewsBulgarians criticise sale of pension fund to UK-based United Capital
EUROPE – Austrian insurance group VIG offloads 92% stake in largest Bulgarian scheme Doverie.
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NewsDenmark's Unipension sues dozen banks over CDS competition concerns
GLOBAL – ISDA, Markit named as defendants in suit claiming they 'unreasonably' restrained competition.
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Actuarial losses rise after Austrians adjust discount rate
AUSTRIA – Lowest discount rate employed by listed company falls by over half to 2%.
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NewsUK government agrees to lift restrictions on NEST in 2017
UK – Critics accuse government of caving in to special interests with delay.
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Tobin tax could increase pension funds' FX costs by 1,500% – report
EUROPE – Tax could hinder international investment, industry association warns.
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German investors shift towards active management – survey
GERMANY – Telos survey also shows ‘clear trend’ towards external expertise.
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NewsPGGM, PKA team up to share best practice across Europe
NETHERLANDS – Schemes hope to 'inspire' with solutions from world's 'most effective pensions systems'.
