All IPE articles in October 2008 (Online) – Page 5
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News
Trustee knowledge update includes buyout focus
[17:00 CEST 14-10] UK – The Pensions Regulator (TPR) has updated the framework and guidance on Trustee Knowledge and Understanding (TKU) to include more focus on buyouts, personal accounts and administration.
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DC lifestyle funds show promise in market downturn
[17:15 CEST 14-10] GLOBAL - Lifestyle defined contribution pension funds have prove their worth in the current economic turmoil and may be a useful counterbalance to compulsory annuitisation, Watson Wyatt has claimed.
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OPF seeks collective companies' funds
[15:40 CEST 15-10] NETHERLANDS - The Foundation of Company Pension Funds (OPF) has called for amendments to be made to the Pension Act to allow individual company pension schemes to work together in a companies’ pension fund.
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News
Wednesday people roundup
[15:50 CEST 15-10] GLOBAL – People roundup: tPR, PADA, SSgA, BNY Mellon, PGGM, SLI, Investec, BMB, KPMG, Goodman, Camradata.
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Varma makes tactical telecoms move
[16:10 CEST 15-10] FINLAND - Varma Mutual Pension Insurance Company has confirmed it has acquired a 10.4% holding in telecommunications company Elisa Corporation in a deal backed by the Finnish government.
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UBS Aegon target trustees with buyout alternative
[16:15 CEST 15-10] UK – Trustees put off an immediate scheme buyout by increasing prices and the impact of current economic conditions are being targeted by UBS Global Asset Management and AEGON to look at alternative propositions.
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Inalytics launches monthly manager report
[16:40 CEST 15-10] UK – Inalytics, the specialist equity manager evaluation firm, is rolling out a monthly transparency report to help pension funds monitor the impact of manager decisions on the portfolio.
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Irish budget changes 'could disadvantage late savers'
[16:55 CEST 15-10] IRELAND – The Irish government has placed an effective cap on the maximum contributions to pension schemes which could present problems for the self-employed and people who have yet to begin pension savings, the pensions industry has warned.
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Former minister calls for end of three-pillar system
[17:00 CEST 15-10] AUSTRIA – The head of the European Senior Organisation (ESO) Karl Blecha has demanded to scrap the three-pillar retirement system and go back to solely relying on the state as pension provider.
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News
Ailing SBB abandons restructuring plans
[17:05 CEST 17-10] SWITZERLAND – The underfunded Swiss federal railways pension scheme SBB has said it will not implement the additional plans for a restructure it had announced earlier.
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NewsMn Services to study buffers link to economy
[15:45 CEST 16-10] NETHERLANDS - Mn Services, the pensions administrator and asset manager, has commissioned a research project to clarify whether a rise in pension premiums will contribute to an economic downturn.
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News
UBS spins off riskier assets
[16:00 CEST 16-10] SWITZERLAND – Swiss bank UBS has created a standalone fund which allows the firm to rid itself of illiquid assets burning its balance sheet and raise capital through the Swiss central bank.
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NewsJust one day left to select the Outstanding Industry Contribution
[16:50 CEST 16-10] EUROPE – There are now less than 36 hours to go before IPE closes voting for this year’s Outstanding Industry Contribution award at the IPE European Pension Fund Awards 2008.
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News
English LGPS reports 2% drop in public sector values
[16:55 CEST 16-10] UK – The value of the Local Government Pension Scheme (LGPS) in England fell by 2% over the year to March 2008, government figures have revealed.
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Generali bundles German schemes
[16:55 CEST 16-10] GERMANY – Pensor, the €128m pension fund of German insurer Volksfürsorge, will merge its “core competencies” with those of parent insurer Generali’s German Pensionsfonds.
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NewsHammersmith and North Yorks take opposing LDI positions
[17:00 CEST 16-10] UK – The London Borough of Hammersmith & Fulham and North Yorkshire County Council have appeared to take opposing positions on the use of Liability Driven Investment Strategies (LDI) in their pension funds.
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News
Funds plan more exposure to emerging markets
[17:05 CEST 16-10] EUROPE – The majority of Northern European Institutional investors have said they are planning to raise their exposure to emerging market equities over the next three years.
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News
Public pensions worth three times more than DC
[17:10 CEST 16-10] UK – Recent pension reforms has reduced the average value of public sector pension schemes to 21% of salary, although this is still around three times higher than the average private sector defined contribution (DC) scheme, the Pensions Policy Institute has revealed.
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News
STAR urges indexation decision delay (amended)
[16:35 CEST 17-10] NETHERLANDS – Industry-wide pension fund ABP may postpone its decision on indexation as a result of turbulence in the financial markets, and the Labour Foundation (STAR) has called on pension fund boards to do the same.
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NewsVera/Pevos acquittals are final
[16:45 CEST 17-10] SWITZERLAND – All seven defendants in the Vera/Pevos trial have been officially confirmed as free men, as the public prosecutor had withdrawn his appeal against their acquittal.
