All IPE articles in October 2008 (Online) – Page 6
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NewsIrish 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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NewsInalytics 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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NewsUBS 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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NewsVarma 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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NewsWednesday 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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NewsOPF 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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NewsDC 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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NewsTrustee 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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NewsHarrow 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.
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NewsTPR 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.
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NewsFirm 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).
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NewsUK 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.
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NewsSwiss 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.
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NewsUK 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.
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NewsPPF 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.
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NewsContinued 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.
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NewsUK 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".
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NewsUNJSPF '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.
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NewsSwiss 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.
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NewsGovernance 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.
