All IPE articles in November 2008 (Online) – Page 9
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News
Hedge fund roadmap provides 'bed time' demystification
[16:00 CET 04-11] The Alternative Investment Management Association (AIMA) has today published a new guide to hedge funds for institutional investors which is intended to challenge the bad press hedge funds have recently received.
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News
Denmark delivers 30-yr bonds for pensions
[16:10 CET 04-11] DENMARK - The Danish government and central bank have agreed to issue a long-term government bond for the amount of around DKR60bn, following demands from the Danish pension sector.
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Personal accounts could lead to 'massive' legal action
[16:00 CET 04-11] UK – Government "mismanagement" of pensions policy has caused the value of occupational schemes to reduce by up to £225bn since the early 1990s, while the introduction of personal accounts could lead to legal action on a "massive scale", the TaxPayers' Alliance (TPA) has warned.
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Westminster seeks admin and accounting provider
[15:00 CET 04-11] UK – Westminster City Council is seeking providers to take on the administration and accounting services for its £642m (€797m) local government pension scheme.
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UBS risk chief returns to troubled division
[14:00 CET 04-11] SWITZERLAND – Joseph Scoby, chief risk officer at UBS, is going back to his former position as head of alternative and quantitative investments – a division which contributed to major losses in UBS’ global asset management.
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Average LGPS retirement age increased to 60.7 years
[13:00 CET 04-11] UK - Local government pension schemes (LGPS) with actuarial valuations in 2007 saw the average retirement age increase by 12 months to 60.7 years, Hymans Robertson has revealed.
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News
SIPTU wants intervention over Aer Lingus pension
[12:30 CET 04-11] IRELAND – The Services, Industrial, Professional and Technical Union (SIPTU) has requested intervention from the government and the Irish Congress of Trade Unions (ICTU) in a dispute with Aer Lingus over the impact outsourcing plans will have on its pension fund.
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Updated UK life expectancy needs 'interpretation'
[12:00 CET 04-11] UK – The average life expectancy in the UK has reached its highest levels of 77.2 years for men and 81.5 years for women, but Watson Wyatt has warned pension schemes need to be careful when interpreting the figures.
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News
SPW in funding shortfall thanks to equity exposure
[11:00 CET 04-11] NETHERLANDS - The €4.5bn pension fund for housing corporations SPW has revealed it is facing a funding shortfall, caused mainly by the turbulent fall in the equity markets.
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News
CMI issues final SAPS mortality tables
[16:55 CET 03-11] UK – The Actuarial Profession's Continuous Mortality Investigation (CMI) has published the final version of the first set of mortality tables based on pension scheme experience.
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News
Avon targets full investment advice
[16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.
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News
Netherlands tightens measures against property fraud
[16:45 CET 03-11] NETHERLANDS - The Dutch government is stepping up its efforts to prevent property fraud by tightening rules for notaries, surveyors and brokers.
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News
BT in talks about pension overhaul
[16:35 CET 03-11] UK – Telecoms giant British Telecom (BT) has confirmed talks with its trustees and unions to overhaul its final salary pension scheme, the largest corporate pension scheme in the UK.
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News
Germany attacks pensions tender obligation
[16:30 CET 03-11] GERMANY – Frank Baumeister, from Germany’s social ministry, has criticised rules set by the European Commission requiring all government-led organisations to tender for providers of occupational pensions as unfair and unncecessary.
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News
BilMoG arrival will go ahead - ministry
[16:15 CET 03-11] GERMANY – The introduction of BilMoG, the German modernisation of domestic HGB accounting rules for unlisted companies, is set to be introduced on schedule according to the German ministry of justice (Bundesjustizministerium).
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Austrian pension funds lose 8.4%
[16:10 CET 03-11] AUSTRIA – Austria's 19 Pensionskassen have fallen 8.4% in value since the beginning of the year and 9.2% over the last 12 months.
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News
Builder arrested in Ombudsman court case
[16:00 CET 03-11] IRELAND – A legal action brought by the Pensions Ombudsman against the owner of O'Mahony Civil Engineering Limited for failing to provide payroll documentation will now be heard in November, after the employer was arrested and released on surety.
