All articles by Nyree Stewart – Page 9
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NewsNPRF may have to further subsidise AIB
IRELAND – The National Pension Reserve Fund (NPRF) may have to invest further capital into Allied Irish Bank (AIB) in the form of ordinary equity shares, the minister of finance has confirmed.
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NewsPPF assigns private equity manager panel
UK – The Pension Protection Fund (PPF) has appointed seven private equity managers as part of a move to increase its alternatives allocation.
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NewsLAPFF opposes oils sands campaign and backs BP (updated)
UK – The Local Authority Pension Fund Forum (LAPFF) has advised its members to oppose a shareholder resolution at BP's annual general meeting (AGM) in April calling for more disclosure on the oils sands project.
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NewsVolvo pension deficit could impact Ford's sale
US/SWEDEN - Swedish car manufacturer Volvo may be sold by Ford to Chinese car manufacturer Zhejiang Geely Holding Group in a deal that values the company at around $1.8bn (€1.33bn).
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NewsUK roundup: London Borough of Bexley, Pilkington
UK – The London Borough of Bexley is seeking a specialist bond manager for its local government pension scheme (LGPS), while the Pilkington Superannuation Scheme has awarded a core credit mandate.
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NewsTPR eyes admin and employer covenant as key targets
UK – Pension administration and the employer covenant are two of the key areas of focus for the Pensions Regulator (TPR) in 2010.
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NewsSwedish AP funds' ethical council maintains focus on oil sands
SWEDEN – Oil sand extraction is one of the key areas of focus in 2010 for the Ethical Council of the Swedish AP funds through both dialogue work and joint initiatives.
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NewsUK DC schemes increase focus on specialist funds
UK – A third of defined contribution (DC) schemes in the FTSE 100 have altered their investment strategy in the past year, and included a greater use of more specialised investment funds.
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NewsUK roundup: ITV, Loganair
UK – ITV has agreed a funding plan with trustees for the deficit of its defined benefit (DB) scheme after a completed partnership arrangement with trustees in relation to its SDN subsidiary cut the pension deficit by £124m (€138m).
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NewsNPRF already aware and engaged on tar sands issues
IRELAND – The National Pension Reserve Fund (NPRF) has been actively engaging with companies on the issues around oil sands for several years, the fund claims. It highlighted its work after politicians and lobby groups called for the pension fund to back shareholder resolutions on the issue at the next ...
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NewsUK roundup: PPF, Taylor Wimpey, GP Noble fraud charges, ONS
UK – The Pension Protection Fund (PPF) has initiated a search for a panel of infrastructure investment managers and Taylor Wimpey has awarded a global custody mandate for its UK scheme.
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NewsUK regulator to unveil auto-enrollment enforcement strategy
UK – The Pensions Regulator (TPR) is planning to issue a consultation on its enforcement strategy in relation to employer compliance with the 2012 pension reforms later this year.
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NewsUK roundup: DWP on default funds, Northumberland Council and ECM
UK – The Department for Work and Pensions (DWP) is scrapping plans for a charge cap on default funds in workplace personal pensions (WPPs) following industry feedback, while Northumberland County Council is seeking a UK bond manager for its pension scheme following concerns about its current manager, ECM.
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NewsIrish Ombudsman scrutinises audit failings
IRELAND – Paul Kenny, the Pensions Ombudsman, has warned he intends to place more focus on the actions of auditors when signing off financial accounts in cases where companies have failed to pass on pension contributions deducted from employees' wages.
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NewsWednesday people roundup
GLOBAL - Austrian Pensionskassen association FVPK, PIMCO, Mn Services, Mercer, Barnett Waddingham, Skagen Global Management, Hazel Carr, Financial Services Authority (FSA), KAS Bank, Otkritie
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NewsUK should look to Sweden on investor engagement
UK/SWEDEN – Adapting the idea of shareholder-led nomination committees, as used in Sweden, could encourage UK institutional investors to become more engaged in corporate governance issues, a UK think tank has claimed.
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NewsUK roundup: Falkirk, Nabarro, SMF, public sector pensions
UK – Falkirk Council has appointed an active global equity manager, while law firm Nabarro has appointed an independent trustee for its pension scheme.
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NewsLegal loss won't impact future Scottish Widows cases - ARC
UK – A court ruling against the trustees of the WTL International Limited Retirement Benefits Scheme relating to alleged negligent advice from Scottish Widows and a scheme actuary will not adversely affect other cases, the Actuarial Review Company (ARC) has claimed.
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NewsAudits and financial reporting key issues for investors
UK – Financial reporting by companies should meet the needs of owners, which means that the role of company audits and related disclosure to shareholders are key governance issues, the Local Authority Pension Fund Forum (LAPFF) has claimed.
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NewsUK roundup: Somerset, Strathclyde, Durham University
UK – Somerset County Council has appointed two new investment managers to run a Japanese equity and a private equity portfolio for its £762m (€848m) pension scheme.
