All articles by Nyree Stewart – Page 4
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NewsLack of expertise deters investment in infrastructure
GLOBAL – Low investor expertise is one of the biggest barriers to increasing institutional investment in infrastructure, highlighting the need for a credible investor body for the industry, Bfinance clams.
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NewsNAPF uncovers greater emphasis on shareholder engagement
UK – The majority of pension funds in the UK now factor in attitudes to shareholder engagement when selecting investment managers, according to a new survey.
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NewsAIFM rules needed to protect investors from themselves
EUROPE – The EU's Alternative Investment Fund Managers (AIFM) Directive should be welcomed as a way to protect investors from exposing themselves to unnecessary risks in the pursuit of higher hedge fund returns, according to an academic study.
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NewsUK roundup: PIRC, Hammersmith, BAE, Tate & Lyle
UK – Revisions to the UK Corporate Governance Code requiring the annual re-election of directors of FTSE 350 companies has been welcomed by an independent corporate governance adviser, despite concerns from pension funds.
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NewsRBC Dexia completes Italian custody acquisition
ITALY – RBC Dexia Investor Services has consolidated its position in the Italian custody and administration market with the completion of its acquisition of UBI Group's depositary bank business.
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Features
Solvency fears persist
The European Union’s decision to establish a special purpose vehicle with funds of up to €500bn to provide loans to euro-zone countries caused an initial rise in equity markets. But while it addressed liquidity problems, there remain concerns about solvency issues.
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NewsUNJSPF assets reach €31bn in Q1
GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has seen its asset value increase by 2.2% to $38.35bn (€30.9bn) in the first quarter of the year.
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NewsPension funds concerned over FRC call for annual re-elections
UK – Pension funds and asset managers have expressed concerns over the introduction of annual re-elections of directors of FTSE 350 companies as part of the revised UK Corporate Governance Code.
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NewsIcelandic pensions initiate review to halt critics
ICELAND – The Icelandic Pension Funds Association (IPFA) has agreed to arrange an independent investigation into the working methods and investment policies of pension schemes in the period before the economic collapse following public criticism of their actions.
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NewsCable takes charge of abolition of UK default retirement age
UK – Detailed plans for phasing out of the default retirement age will be the responsibility of Vince Cable and the department of Business, Innovation and Skills (BIS) and not the department of work and pensions (DWP) according to Iain Duncan Smith.
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NewsCost of de-risking remains a barrier for UK trustees
UK – Trustees see cost issues as the biggest barrier to reducing risk in a pension scheme, leading a significant number to make deficit funding programmes a priority, a study has revealed.
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NewsNorway transport firm seeks administrator for public pension
NORWAY – Kollektivtransportproduksjon AS (KTP), the Norwegian public transport provider, is seeking a supplier of administrative and operations services for its public occupational pension scheme.
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NewsUK roundup: UK target date funds, Energizer, De La Rue, Teeside
UK – HSBC has reported its series of target-date retirement funds have locked in gains of more than 30% in their first year, while the Energizer Trust has appointed a provider for a range of pension services to its pension scheme.
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NewsUK government to tackle Royal Mail pensions deficit
UK – The Royal Mail defined benefit (DB) pension deficit is one of the areas that will be tackled by the Conservative-Liberal coalition government in a new Postal Services Bill announced in the Queen's Speech.
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NewsQueen's Speech: UK to review State Pension Age
UK – The Queen today confirmed that the new coalition government in the UK would set a timetable for reviewing the State Pension Age.
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NewsStewardship Code is 'last chance' says TUC
UK – The Trade Union Congress (TUC) has warned the proposed Stewardship Code for institutional investors "provides a last chance" to develop a corporate governance system that relies less on regulation to discipline companies and more on shareholder engagement and monitoring.
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NewsInflation fears sustain large FTSE350 deficits
UK – Growing long-term inflation expectations have offset the effects of equity market gains, causing the aggregated pension deficit of FTSE350 companies to be valued at £160bn (€187bn) at the end of March 2010.
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NewsUnited Utilities slashes deficit with DB changes
UK – United Utilities claims it reduced its pension deficit by approximately £90m (€104m) through a number of changes to its defined benefit (DB) schemes.
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NewsPension schemes optimistic on economy despite Greek crisis
GLOBAL – Pension funds are increasingly optimistic about the strength of the global economy, despite concerns over the financial situation in Greece, according to a quarterly survey in association with IPE.
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NewsDWP to face a £535m spending cut ahead of new Pensions Bill
UK – The Department for Work and Pensions (DWP) will be expected to make savings of more than half a billion pounds this financial year, according to HM Treasury.
