All IPE articles in October 2008 (Online) – Page 4
-
News
ASB to reconsider risk-free discount-rate
[16:00 CEST 10-10] UK - The Accounting Standards Board (ASB) has admitted it will have to publish another paper on the use of a risk-free discount rate to "reconsider" and take into account the mainly negative responses to its first consultation.
-
News
ATP pumps money into Danish banks
[16:45 CEST 10-10] DENMARK – ATP, the largest pension scheme in Denmark, is lending billions of Danish kroner to Danish bank– described as deposits because of a government guarantee they carry - in a bid to help shore them up during the financial crisis.
-
News
German investors cut pension savings
[16:50 CEST 10-10] GERMANY - German investors are wary of putting money aside for their retirement in the current economic climate, a new survey suggests.
-
News
PPF to include investment risk in new levy
[16:55 CEST 10-10] UK - The Pension Protection Fund (PPF) has confirmed the investment strategy of pension funds will be a factor in the new formula for the risk-based part of the PPF levy, ahead of the release of the detailed proposals later this month.
-
News
HFC 'confident' about Dutch VAT exemption
[17:00 CEST 10-10] NETHERLANDS – Akkie Lansberg, the managing director of the Dutch Holland Financial Centre (HFC), said today she is “confident” the value-added tax (VAT) on asset management services sought by pension funds will be abolished in the near future.
-
News
Energy watchdog seeks multi-employer fund membership
[17:05 CEST 10-10] AUSTRIA – E-Control, a Vienna-based independent authority related to the energy markets, is looking to join a multi-employer pension fund for the local government staff.
-
News
APG Group signs cross-border deal with PensPlan
[16:55 CEST 13-10] NETHERLANDS - APG Group has formalised a deal with the €1.6bn Italian pension administrator PensPlan which will initially see APG manage €100m in assets for the Italian provider.
-
News
Younger Danes could face pensions reduction
DENMARK – Danish pension companies could be forced to give younger customers lower benefit payments from their guaranteed pensions compared with those received by the current generation of pensioners, if the current financial crisis continues.
-
News
Governance requirements could be more 'proportionate'
[17:00 CEST 13-10] UK - The UK's governance requirements for trust-based schemes are very high in relation to scheme size, leading industry experts to calls for the possible introduction of more 'proportionate' regulation.
-
News
Swiss funds stick to allocation
[17:10 CEST 13-10] SWITZERLAND – Swiss funds are in general content with their long-term asset allocation and are only making tactical adjustments, according to consultancy Lusenti.
-
News
UNJSPF 'safe' despite 12.2% drop
[17:15 CEST 13-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has "fared better than most pension funds" in the current financial turmoil, despite losing 12.2% over the year so far.
-
News
UK keeps annuitisation rules 'under review'
[17:15 CEST 13-10] UK – The impact of the current financial turbulence on the value of pension funds may lead to the temporary removal of the rule to purchase an annuity at the age of 75, as the government admitted it is keeping "all policies under review".
-
News
Continued decline could hit Swedish solvency
[17:20 CEST 13-10] SWEDEN – Swedish pension companies are currently meeting the regulatory solvency requirements and have "plenty of liquid assets", although a continued "major decline" could change the assessment of the companies' resistance, the Finansinspektionen (FI) has warned.
-
News
PPF appoints Capita for data cleansing
[17:25 CEST 13-10] UK – The Pension Protection Fund (PPF) has appointed Capita Hartshead to carry out pension data cleansing and transition services.
-
News
UK deficits tripled amid 'Black Monday' turmoil
[16:15 CEST 14-10] UK – UK defined benefit pension funds saw their aggregate funding position worsen last week to more than triple the deficit recorded in August, according to figures announced by the Pension Protection Fund.
-
News
Swiss funds fall 1.6% in Q3
[16:25 CEST 14-10] SWITZERLAND – September delivered the second-worst month in terms of performance this year for Swiss Pensionskassen, as market volatility generated a negative return of –3.25%, according to Credit Suisse.
-
News
UK managers deliver higher alpha – EDHEC
[16:45 CEST 14-10] EUROPE – UK asset managers are outperforming their counterparts on the continent as a higher number of firms delivered positive alpha compared with managers in France, Switzerland and Spain, according to an academic study conducted by EDHEC and Europerformance.
-
News
Firm fined €5,000 after failing PRSA rules
[16:50 CEST 14-10] IRELAND – The Pensions Board has successfully prosecuted an employer through the Dublin District Court for failing to meet its obligations in relation to Personal Retirement Savings Accounts (PRSA).
-
News
TPR record-keeping needs focus on quality
[16:50 CEST 14-10] UK – The Pension Regulator's (TPR) proposals to improve data and record-keeping by pension schemes do not go "far enough", and could still result in inaccurate information being delivered, PricewaterhouseCoopers has claimed.
-
News
Harrow seeks UK passive and active global managers
[16:55 CEST 14-10] UK – The London Borough of Harrow is seeking a passive UK equity manager and two global equity managers for its £440m (€564m) pension fund.
