More ESG news – Page 279
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News
MP's call to curb banker's pensions
[17:15 CET 10-03] UK – A Bill designed to limit the pension provision of board members of banks wholly or partly owned by the state is being introduced to Parliament today.
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Irish not in position to offer PPF
[17:15 CET 09-03] IRELAND – The Irish government has admitted it is “not in a position” to offer occupational defined benefit (DB) the protection of a state guarantee from a pension protection fund.
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Teachers to take action over Irish levy
[7:10 CEt 09-03] IRELAND – Members of three teachers unions have voted in favour of industrial action, including strikes, over the government's handling of the economic crisis including the introduction of the "pension levy".
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E-based personal accounts need member education
[17:00 CET 09-03] UK – The pensions and investment industry has warned a 'self-service' e-approach to personal account members investment decisions risks "underestimating" the challenges involved in educating consumers.
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Westminster re-tenders advice contracts
[16:55 CET 09-03] UK – The City of Westminster Council has initiated a search for providers of investment and actuarial advice to its local government pension scheme (LGPS).
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Pensions ombudsman to highlight possible tax offences
[17:00 CET 06-03] IRELAND – The Pensions Ombudsman has stated information relating to possible tax offences uncovered through its own inquiries will be passed to the Irish Revenue Commissioners under a new memorandum of understanding.
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Schemes struggle with integrity - KPMG
[16:20 CET 06-03] NETHERLANDS - Many Dutch pension funds are struggling to meet their own governance criteria on integrity policy, consultancy firm KPMG has suggested.
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NewsUnion anger over Finnish retirement increase
[17:10 CET 05-03] FINLAND – The three trade union confederations in Finland are organising a national meeting of trustees, or shop stewards, next week against the government's plans to increase the retirement age without consultation.
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ECJ passes Heyday case back to UK High Court
[16:55 CET 05-03] EUROPE/UK – The European Court of Justice (ECJ) has argued it is "ultimately" for the UK High Court to decide whether the default retirement age of 65 breaches age discrimination legislation.
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NewsLetter will do instead of indexation label - AFM
[16:45 CET 05-03] NETHERLANDS - Pension funds will be allowed to inform their participants about the effects of the credit crisis on their pension in a letter, rather than through the prescribed label on indexation quality.
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NewsPension fund advice leads to take-up of AVCs
[16:00 CET 05-03] UK – The West Midlands Pension Fund is running an initiative giving its over 50s members free financial advice and which has in turn led some members receive an extra 20% tax free on some of their pension savings.
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Irish committee to examine NPRF ethical issues
[17:15 CET 04-03] IRELAND – The government has announced it is to establish an “interdepartmental committee” to examine the possibility of introducing ethical investment guidelines for the National Pension Reserve Fund (NPRF).
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NewsDonner to allow 'multi-fund' for smaller schemes
[15:30 CET 04-03] NETHERLANDS - Social affairs minister Piet Hein Donner is planning to unveil legislation which will allow small company pension funds to work together as a multi-fund scheme but leave the individual scheme’s assets ring-fenced.
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Bos attacks shareholder role in financial crisis
[15:00 CET 03-03] NETHERLANDS - “Shareholders did virtually nothing to prevent and manage the financial crisis”, Dutch finance minister Wouter Bos said this morning at a conference in Amsterdam.
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Merseyside opposed management at 15% of UK AGMs
[16:55 CET 02-03] UK – The £3.7bn (€4.1bn) Merseyside Pension Scheme has revealed it voted against company management in 15% of UK company meetings last year, as corporate behaviour was "judged to be below best practice guidelines".
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DNB to review contracting-out risks
[16:45 CET 02-03] NETHERLANDS - Pensions regulator De Nederlandsche Bank will focus its supervision this year on the way pension funds’ boards handle the responsibility of risk management when it comes to dealing with contracted-out tasks.
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Pensionskassen important for recovery, claims Böhm
[16:10 CET 02-03] AUSTRIA/GLOBAL - The head of Austrian Pensionskasse APK has hit back at recent criticism of pensions investors and claimed pension funds will be important investors once markets normalise again.
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Finnish retirement age slipped in 2008
[15:45 CET 03-02] FINLAND – The average effective retirement age for Finnish workers decreased slightly to 59.4 years in 2008 as the first baby boomer age group reached the lower-age limit for the old age pension last year, according to Eläketurvakeskus, the Finnish Centre for Pensions.
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Pension funds urge new direction in pharmaceuticals
[16:00 CET 26-02] GLOBAL – Pharmaceutical firms operating in emerging markets regions offer huge investment potential for the future, but business models need to be adapted to the local environment and could in turn require new longer-term financing structures, suggests a study conducted by two major European pension funds.
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Consumers push for increased voice on pension recovery
[14:00 CET 26-02] NETHERLANDS - Consumers’ organisation Consumentenbond has claimed pension funds should more proactively involve their participants in important decisions such as drawing up recovery plans.
