Markets – Page 157
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NewsECJ cites Ireland for failing to protect pension benefits adequately
IRELAND – Failure to guarantee at least half of benefits a 'serious breach' of responsibility.
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News
QE1 hurt UK pension funds, but not QE2, says JP Morgan
UK – Asset manager to discuss findings of new research with Bank of England next week.
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NewsPension fund for pharmacists takes initiative on investigation
NETHERLANDS – Recommends setting up committee with representatives from branch organisations.
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NewsSwedish workplace pension association joins PensionsEurope
EUROPE – Having strong relationship just with local regulator 'not enough anymore', group says.
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NewsUK publishes details of 'pot follows member' consolidation
UK – DWP says Webb's 'big fat pot' proposals not to include DB funds 'at this stage'.
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NewsIreland 'very actively examining' wind-up order for pensions
IRELAND – Minister seeks to allay fears that future savings could be nationalised.
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NewsOECD report on Irish pension system backs compulsion over auto-enrolment
IRELAND – Organisation calls auto-enrolment 'second-best', notes higher costs in implementing system.
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No scale limit for cutting pension fund costs on admin, DNB concludes
NETHERLANDS – Dutch regulator cites €690m as optimal AUM for asset-management costs.
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NewsGreat rotation from bonds to equities a 'myth', says JPMAM
EUROPE – Money flowing into equities from cash reserves rather than fixed income, CIO says.
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Robeco wins second-annual Golden Stiletto award
NETHERLANDS – Award recognises organisations that help promote position of women in industry.
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NewsDanish pensions association blasts government for lacking 'compass'
DENMARK – Latest pensions legislation nothing more than bid for short-term tax revenue, F&P says.
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NewsSwiss pension funds shifting focus towards emerging market debt
SWITZERLAND – Schemes still unsure how best to manage strategies, expert warns.
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NewsAon Hewitt welcomes plan to link Irish liabilities to own debt
IRELAND – Consultancy says smoothing proposal, linking liabilities to Irish debt has merit.
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NewsUnipension takes 25% stake in admin joint venture Forca
DENMARK – Danish pension fund says move aims to cut costs while ensuring independence.
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iShares 'working on' ETF solution for UK pension funds
UK – Non-FSA registered institutions currently unable to trade ETFs.
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NewsCyprus may revoke deposit protection for institutional clients
CYPRUS – Aon Hewitt notes country's parliament may backtrack on decision to protect from haircut.
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NewsFTT runs counter to freedom of capital movement, warns ICAP
EUROPE – Report warns that tax will impact competition, damage repo market.
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NewsEuropean Commission to include ISDA in CDS investigation
GLOBAL – Brussels finds 'indications' association may have been involved in antitrust case.
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NewsPresident of Cyprus vows to protect accrued pension benefits
CYPRUS – Confusion still reigns in industry, however, as form plan might take remains unclear.
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News
Nordic roundup: AP Pension, FSP Pension, AP6, Gnotec, SPP, KPA Pension, Storebrand
EUROPE – AP Pension offloads five properties in real estate allocation shift.
