All IPE articles in October 2008 (Online) – Page 10
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News
Average pension fund cover ratio falls to 109%
[14:30 CET 31-10] NETHERLANDS - The cover ratios of Dutch pension funds have deteriorated considerably over the recent weeks and are now 109% on average, according to Nout Wellink, president of pensions regulator De Nederlandsche Bank.
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News
Risk control creates risks, says ex-risk manager
[15:00 CET 31-10] GLOBAL – Part of the current financial crisis is down to uniform risk management systems as they lead to pro-cyclical divestments, a former risk manager has told IPE.
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News
UK pensions lose £383bn in 12 months
UK – Total losses for UK pension schemes for the 12 months to the end of October have reached £383bn (€488bn), Aon Consulting has claimed in its latest research.
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News
Etera drops €380m in Q3
[15:30 CET 31-10] FINLAND – Etera Mutual Insurance Company has reported its assets fell in value by €380m in the third quarter of 2008, while its overall negative investment return for the first nine months of 2008 has hit -9.9%.
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News
Protestors occupy pensions ministry
POLAND – Polish trade unionists occupied the ministry of labour and social policy on Wednesday and Thursday in protest against the government's legislation to introduce bridge pensions.
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News
Denmark agrees pensions solvency rescue package
[16:50 CET 31-10] DENMARK - The Ministry of Economic and Business Affairs and The Danish Insurance Association have agreed on a rescue package for pension funds which is designed to protect pensions solvency and prevent investors from being forced to sell assets in the current market turmoil.
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News
Hoogovens' scheme stays clear of shortfall (amended)
NETHERLANDS - The €5bn pension fund of steel works Hoogovens managed to keep its funding ratio safely above the required minimum of 115% during the third quarter of this year, despite the turbulent market conditions.
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News
F&C to be handed to Friends Prov shareholders
[17:15 CET 31-10] UK – F&C, the asset management firm which is 52% owned by UK life insurer Friends Provident, is likely to be wholly owned by its shareholders from next year, but officials say they are still talking to buyers.
