All IPE articles in November 2008 (Online)
View all stories from this issue.
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NewsLithuania to cut private pension contributions
[17:20 CET 28-11] LITHUANIA - An economic crisis plan approved by Lithuania’s incoming government includes a proposal to reduce contributions to the second pillar pension system.
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NewsLGPS cost-sharing may lead to 'traffic light' system
[17:15 CET 28-11] UK – Regulations to introduce cost-sharing processes in local government pension schemes (LGPS) in England and Wales could result in the development of 'traffic light warnings" to trigger action against rising costs.
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NewsLDI pioneer taps TKP for pension administration
[17:05 CET 28-11] NETHERLANDS – The €430m pension fund of food retailer Super de Boer (SDB) has appointed Aegon subsidiary TKP Pensioen for its pension administration and communication.
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NewsInvestigation into actuarial advice on Equitable Life
[17:00 CET 28-11] UK – The UK's Accountancy and Actuarial Discipline Board (AADB) has confirmed it is investigating possible misconduct by or on behalf of the Government Actuary's Department (GAD) regarding advice about Equitable Life.
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NewsOmbudsman warns trustees over investment role
[16:55 CET 28-11] IRELAND – The Pensions Ombudsman has warned it is time trustees of pension schemes, including professional trustees, to recognise their responsibilities to members particularly in areas such as investment.
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NewsABP raises contribution by 0.4%
[16:50 CET 28-11] NETHERLANDS - ABP, the €190bn civil service pension scheme, will raise pension contributions by 0.4% of participants’ salaries next year.
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NewsLate UPOs could trigger AFM sanctions
[16:35 CET 28-11] NETHERLANDS - Pension providers and insurers risk “formal measures” from communications supervisor AFM if they do not send out their 2008 uniform pension statements this year.
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NewsFormer PGGM man heads for Horeca
[16:25 CET 28-11] NETHERLANDS – Paul Braams, previously director at PGGM Advies, is taking over in January as director of the Dutch industry-wide pension fund for the hotel, restaurant, cafe and catering industry.
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NewsUnderfunded Swiss funds soldier on
[16:55 CET 27-11] SWITZERLAND – The €5.56bn Bernische Pensionskasse (BPK) will start talks on a possible restructure early next year, while the pension funds of Swiss railway company SBB have abandoned plans to sue the federal government.
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NewsVBV wants variable calculation rate
[16:45 CET 27-11] AUSTRIA – VBV, the largest Pensionskassen in the Austrian pensions market, has called for greater flexibility in the rate at which pensions are calculated, in a bid to minimise the number of cases where payouts are being cut.
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NewsGov't can't do auto-enrolment before 2012
[15:40 CET 27-11] UK – The UK government does not believe it will be possible to introduce auto-enrolment into pension schemes before 2012, despite calls from the industry to implement the measure now.
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NewsCovenant liability is 'pitfall' in multi-employer schemes
[16:30 CET 27-11] UK – Trustees need to understand who is liable for the pension scheme, particularly in a multi-employer scheme, as the financial crisis could lead to more parent companies looking to sell off or withdraw equity from successful subsidiaries.
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NewsWatson Wyatt recommends funds stop lending
[16:20 CET 27-11] UK – The Lehman Brothers' collapse and the subsequent turbulence has shown the risk/reward trade-off around securities lending may no longer be worthwhile for pension funds, Watson Wyatt has warned.
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NewsSBZ sees funding fall further
[16:10 CET 27-11] NETHERLANDS - SBZ, the €2.2bn pension fund for care insurers, has seen its funding level fall to 102.5% this week, on the back of increasing liabilities attached to long-term interest rates.
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NewsConservatives will 'reign back' on DB regulation
[16:00 CET 27-11] UK – The UK's Conservatives opposition party has confirmed they would "reign back" on regulation of defined benefit (DB) schemes if they enter power after the next general election.
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NewsWoolworths highlights importance of employer covenant
[14:30 CET 27-11] UK – A move placing Woolworths plc in administration highlights the need for trustees to closely monitor the state of the employer covenant, Redington Partners has claimed.
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NewsBurbach to leave TNO pension fund
[11:55 CET 27-11] NETHERLANDS – Mark Burbach, head of asset management at the €2bn pension fund of the applied scientific research institute TNO, will leave the fund at the end of January to join Blue Sky Group.
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NewsInvestor seeks corporate debt manager
[17:10 CET 26-11] EUROPE – A continental European investment company is looking for a manager to manage a global developed markets corporate debt mandate worth $50m (€38.6m), using IPE Quest.
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NewsPension members need Europe-wide supervision - actuaries
[17:05 CET 26-11] EUROPE – The European umbrella organisation of actuaries wants to see plans for a Europe-wide supervision of occupational pensions being sped up.
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NewsSection 75 changes aimed at late 2009
[17:00 CET 26-11] UK – Changes to the Section 75 employer debt regulations resulting from government consultations will not be implemented until October 2009.
