All IPE articles in October 2009 (Online) – Page 3
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NewsClearer accounting needed in Irish public sector pensions
[15:00 CEST 23-10] IRELAND – Accounting arrangements used for the disclosure of public sector pensions are an "inadequate basis" for reporting pension costs, according to a report by the Irish Comptroller and Auditor General (C&AG).
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NewsAuto-enrolment could boost UK DC assets to £900bn
[14:30 CEST 23-10] UK – The planned introduction of auto-enrolment in UK pensions could increase defined contribution (DC) assets from £600bn (€654bn) to as much as £900bn by 2050, according to the Pensions Policy Institute (PPI).
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NewsAPG's Sluimers: ‘too sombre’
[11:45 CEST 23-10] NETHERLANDS - Dick Sluimers, CEO of the Dutch pension provider APG, has challenged advice that the Dutch pension sector must reduce its return assumptions, reports our Dutch sister publication IPN. Sluimers was responding to the majority advice of the Don Commission on pensions at the end of ...
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NewsLongevity growing faster than UK pensions age target
[16:40 CEST 22-10] UK - Life expectancy may be growing at a faster rate in the UK than the government had anticipated, suggest figures from the Office of National Statistics, and may prompt the need for yet another review of the retirement age, consulting firm Watson Wyatt has suggested.
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NewsDutch pension giants report strong recovery
[16:00 CEST 22-10] NETHERLANDS - Recovering equity markets and well-performing investments in listed property and high-yield bonds were the main contributors to a strong 8% recovery during the third quarter for pension funds PfZW, PMT and PME.
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NewsDutch minister 'complicating pension mergers'
[16:00 CEST 22-10] NETHERLANDS - The Netherlands could face a raft of pension mergers following the implementation of a new law, reports our Dutch sister publication IPN.
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NewsSwiss pensions return to full funding
[15:45 CEST 22-10] SWITZERLAND – Swiss pensionskassen delivered an investment return of 9% for the first nine months of this year and recovering markets have helped bring funding levels of private funds back up to 100%, according to Swiss consultancy Lusenti.
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NewsStrathclyde to appoint manager selector
[15:30 CEST 22-10] UK – Glasgow City Council is seeking a provider of investment consultancy services for the £8.4bn (€9.27bn) Strathclyde Pension Fund.
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NewsIASB cancels plan to alter IAS19 discount rate source
[13:00 CEST 22-10] GLOBAL – The International Accounting Standards Board (IASB) has scrapped plans to widen the range of bonds which companies might use to calculate their discount rate under IAS19 to include government bonds, following polarised responses to a consultation.
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NewsIrish public sector pensions face Budget cuts
[17:00 CEST 21-10] IRELAND – Brian Cowen, Ireland's premier, has warned public sector pay and pensions could see fresh cuts in the December Budget, in the government's bid to stabilise the country's deficit and make €4bn of savings.
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NewsBNY Mellon and Invensys PF team up for collateral delivery
[16:55 CEST 21-10] UK – BNY Mellon and the Invensys pension fund have signed an agreement to develop what is described as a “ground-breaking” single collateral management platform.
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NewsWW favours PPP over 'high fee' core infrastructure
[16:40 CEST 21-10] UK – Consultancy firm Watson Wyatt has warned high fees on core infrastructure funds are not providing a fair deal for investors and suggested they will be of "little interest" to long-term institutional investors unless they adopt more attractive fee packages.
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NewsVB to tackle pension cost misconceptions
[16:00 CEST 21-10] NETHERLANDS – VB, the representative body for Dutch industry-wide pension funds, said it will step up its efforts to explain the true value of collective pension arrangements after a survey revealed consumers think costs are much higher than in reality.
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NewsLewisham targets commodities in revised strategy
[15:45 CEST 21-10] UK – The London Borough of Lewisham is seeking a commodities manager as part of the implementation of its revised asset allocation of the £642.2bn (€712.5bn) pension fund.
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NewsSwitzerland sets indexation at 2.7%
[15:00 CEST 21-10] SWITZERLAND – All mandatory second pillar pensions paid out since 2006 will get a 2.7% indexation, the Swiss government has decided.
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NewsKeva narrows CEO search to eight
[14:00 CEST 21-10] FINLAND - The Local Government Pensions Institution (Keva) has released the shortlist of candidates to be interviewed for the position of chief executive.
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NewsWednesday people roundup
[13:30 CEST 21-10] GLOBAL - Norwegian Finance Ministry, Calamos Asset Management, Cardano, SEI, Hymans Robertson, Cheyne Capital, Gartmore, Dominion Fund Management, HDG Mansur Investment Services, Nordea.
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NewsIlmarinen and Tapiola recoup losses
[16:45 CEST 20-10] FINLAND – Ilmarinen pension insurance company has reported a 13.4% return between January and the end of September, driven primarily by equity returns of 22.9%.
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NewsAP1-4 target global voting service for joint project
[16:40 CEST 20-10] SWEDEN – The first four Swedish National Pension buffer funds (AP1-4) are seeking a provider of a global voting service to assist its move into voting on more specific stocks.
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NewsUNJSPF grows by €2.7bn in Q3
[16:30 CEST 20-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported further growth in the third quarter of 2009 as invesments delivered a return of 12.3%.
