More ESG news – Page 278
-
News
Unions ponder 'next steps' over Waterford pension
[17:00 CET 25-03] IRELAND – Trade unions are considering their next steps against the Irish government over the fate of Waterford Crystal pension fund, but may still pursue legal action concerning the enactment of EU pension rules.
-
News
Governance and funding to be scrutinised - Omtzigt
[17:15 CET 23-03] NETHERLANDS – A Dutch MP has warned local pension fund executives and trustees must expect tougher scrutiny in the coming months as questions will be asked as to “what went wrong” with and who is responsible for current funding levels.
-
News
Pension trustees ‘need skills to cope with recession’
[16:40 CET 23-03] UK - Trustees need to improve their understanding of discount rates, assumptions and their sponsor’s finances to keep their schemes funded during the recession, according to consultants and actuaries group Punter Southall.
-
News
ATP to invest over €400m in timber
[17:20 CET 20-03] DENMARK – ATP has revealed it is planning to invest up to DKK3bn (€402m) in forestry investments for its portfolio, and has made the first step with the DKK180m acquisition of a piece of US forestry.
-
News
Icelandic pension funds under investigation
[17:20 CET 20-03] ICELAND – Iceland's special prosecutor is investigating five pension funds over claims they exceeded the investment limits laid down by law.
-
News
Individual trustees at more risk of legal action
[17:10 CET 19-03] UK – A recent legal judgement could mean individual trustees are more at risk of legal action from scheme members than corporate trustees, Wragge & Co has warned.
-
News
AP3 cuts management bonuses
[16:40 CET 19-03] SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has confirmed its chief executive has refunded a bonus paid in relation to 2007 performance and said no bonuses or ‘variable compensation’ will be paid to employees for 2008, in a bid to improve confidence in the fund.
-
News
AMF Pension sacks deputy CEO
[16:40 CET 18-03] SWEDEN – AMF Pension has confirmed Ingvar Skeberg, the deputy chief executive, has left the company after it was discovered he transferred his own pension capital ahead of pension dividend cuts announced in February.
-
News
DWP auto-enrolment regs "bureaucratic"
[17:15 CET 17-03] UK – Draft regulations on the practical arrangements for auto-enrolment into pension schemes from 2012 are "overly bureaucratic", according to the pensions industry.
-
News
Habitat appoints SEI as fiduciary manager
[16:55 CET 17-03] UK – SEI has been appointed as the fiduciary manager to the £24m (€26m) Habitat UK Pension and Life Assurance Plan.
-
News
Trustee knowledge maximises consultancy service
[16:50 CET 17-03] EUROPE – Pension fund executives and trustees can get more from their relationships with and the services delivered by consultants by improving their own knowledge base, suggests a study conducted by IPE.
-
News
Norway places Siemens under 'observation'
[17:15 CET 16-03] NORWAY – The Norwegian Government Pension Fund – Global pension fund has excluded a Chinese company for selling military trucks to Burma and is monitoring Siemens over concerns of "gross corruption".
-
News
Pension funds file class action against RBS
[17:10 CET 16-03] GLOBAL – Two UK local authority pension funds and the Dutch metalworkers fund have filed a motion to become lead plaintiffs in a US class action against Royal Bank of Scotland (RBS).
-
News
Pension funds consider valuation date shift
[16:45 CET 16-03] UK – Pension funds might be able to improve their pension funding valuations by a fraction if they shift the exact date on they assess all of their assets each year away from popular target dates in December and March.
-
News
Pensioners work longer for incentives - APG
[16:25 CET 16-03] NETHERLANDS - APG Group has presented evidence suggesting pension funds’ participants will work for almost 18 months more than they originally planned before retiring if they are incentivised to do so.
-
News
FSA attacks investors for not doing enough
[17:00 CET 12-03] UK - Institutional investors have a "major role" to play in addressing issues arising from the current financial crisis, as they share responsibility for the actions of companies and the resulting consequences, the UK's financial regulator has warned.
-
News
Confidence in Dutch pensions is damaged - study
[16:25 CET 12-03] NETHERLANDS - Dutch pension funds are faced with a substantial fall in confidence, concluded a survey by the Netherlands Interdisciplinary Demographic Institute, as the share of participants with confidence in pension funds has dropped from 64% to 44% percent over the last three years.
-
News
Pension deficits are 'important factor in stock picking'
[15:30 CET 12-03] UK - Executives managing corporate pension schemes have been warned pension scheme deficits are an important factor when considering which companies to invest in, according to Fidelity’s figurehead investment expert Anthony Bolton.
-
News
AP3 forced to admit shortcomings in risk management
[17:10 CET 11-03] SWEDEN - The third Swedish national pension fund, AP3, has admitted it lacked the capacity to deal with the financial crisis as returns on assets fell sharply last year to create a 18.8% net loss.
-
News
FI flags potential risk control issues
[15:40 CET 11-03] SWEDEN – Swedish occupational pension funds generally have no large holdings of complex financial instruments, although in a few cases the Finansinspektionen (FI) has highlighted possible deficiencies in related risk control functions.
