All articles by Nyree Stewart – Page 2
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NewsUK reviews international pensions ahead of 2012 reforms
UK/GLOBAL – The UK Department for Work and Pensions (DWP) is digesting the results of a report on international pension reform.
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Features
BP oil spill fuels investor concern
The Gulf of Mexico oil spill is threatening to affect more than just the environment. Investors in BP, including pension funds, have been warned they could suffer in terms of both income and regulation if BP’s share price continues to fall and the dividend payment suspension continues beyond Q3 2010.
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NewsTPR issues first contribution notice against Belgian firm
UK – The Pensions Regulator (TPR) has issued its first contribution notice, ordering Michel Van De Wiele NV (VDW) to pay £5m (€6.2m) into the Bonas Group Pension Scheme.
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NewsUK's planned Green Investment Bank eyes pension investors
UK – Pension funds will be a prime investor target group for the UK's proposed Green Investment Bank (GIB).
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NewsBBC to close scheme to new members as deficit hits £2bn
UK – The BBC has initiated a three month consultation on changes to its £8.23bn (€10.16bn) defined benefit (DB) pension scheme following a deficit increase to around £2bn in 2009 from £470m in 2008.
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NewsPMI and JLT join forces on UK pension governance
UK - JLT Benefit Solutions (JLT) has teamed up with the Pensions Management Institute for a joint research initiative investigating the relationship between pension scheme administration and effective scheme governance.
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NewsMarine pilots ruling clarifies funding for multi-employer schemes
UK – A legal ruling clarifying the powers of trustees to recover deficits in a multi-employer pension scheme confirms that trustees can require employers to make greater contributions. It also outlines when an employer triggers a section 75 debt on leaving the scheme.
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NewsAP2 study shows decline in number of female executives
SWEDEN – Although the proportion of women on company boards has increased to 22.2%, the number of females holding executive positions in publicly quoted companies has declined, according to research from the Second Swedish National Pension Fund (AP2).
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NewsUK PPF's diversification plan continues with GTAA hires
UK – The £4bn (€4.9bn) Pension Protection Fund (PPF) has appointed six Global Tactical Asset Allocation (GTAA) managers in line with its revised statement of investment principles (SIP) published earlier this year.
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NewsAIFM Directive postponed until September
EUROPE – Jean-Paul Gauzès MEP, the rapporteur for the Alternative Investment Fund Managers (AIFM) directive, has confirmed the European Parliament has postponed the adoption of the new rules on alternative investments such as hedge funds and private equity until September.
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NewsDutch recovery plans need higher pension ages and contributions: OECD
NETHERLANDS – Increasing life expectancy and the recent financial crisis are threatening the solvency of the second-pillar pension system in the Netherlands, leading to a need for changes to the style of recovery plans, the OECD has warned.
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NewsNAPF 'foundation' pension could limit means-testing, but at a cost
UK – Introducing a 'foundation' pension combining the current Basic State Pension (BSP) and the State Second Pension (S2P) could reduce the number of people on means-tested pension benefits to 25% by 2050, according to research by the Pensions Policy Institute (PPI).
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NewsUK Pension Regulator consults on web-based employer covenant guidance
UK – New guidance for trustees on monitoring employer support for the pension scheme has been devised as a web-based product and replaces the separate contingent assets guidance from the Pension Regulator (TPR).
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NewsGovernment should focus on current pension costs, says Towers Watson
UK – The government should be focusing on how much pension promises being made today are worth rather than the increasing cost of past pension promises, Towers Watson has warned.
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News
Pension funds step in to help Icelandair Group
ICELAND – The Enterprise Investment Fund (FIS), the investment company established by 16 pension funds in December 2009, has made its first investment of ISK3bn (€19.1m) into Icelandair Group.
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NewsUK pension funds call for clarity on senior FTSE350 pensions
UK – Two pension fund organisations have joined forces to call on the boards of FTSE350 companies to be "upfront" about the pension packages of senior executives.
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NewsDC is preferred vehicle for UK auto-enrolment, says PwC
UK – Most employers expect to use defined contribution (DC) schemes to comply with auto-enrolment legislation from 2012, as more than one in 10 intend to reduce or close their existing defined benefit (DB) schemes, a study from PricewaterhouseCoopers (PwC) has claimed.
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NewsIcelandic pension assets near €12bn
ICELAND – Net pension fund assets at the end of April increased by ISK16bn (€102m) over the month, following increases in both equity and fixed income investments.
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NewsIMF warns Slovenia pension reform is critical to fiscal stability
SLOVENIA – The International Monetary Fund (IMF) has warned Slovenia comprehensive pension reforms in the country are “critical” to ensuring long-term fiscal sustainability.
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NewsUK think tank calls for auto-enrolment into ISAs
UK – Pensions and individual Savings Accounts (ISAs) should be brought closer together through tax harmonisation and auto-enrolment into ISAs in an effort to boost long-term savings in the UK, a report from the Centre for Policy Studies has argued.
