All IPE articles in October 2009 (Online) – Page 7
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NewsNPRF pulls back on 2008 losses
[17:00 CEST 08-10] IRELAND – The Irish National Pension Reserve Fund has significantly pulled back its investment returns since the beginning of the year and delivered a total positive gain of 8.9% under its new asset allocation structure.
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NewsCorridor, smoothing would assist pensions risk - EDHEC
[16:15 CEST 08-10] GLOBAL – Companies and pension funds must be allowed to continue to use the ‘corridor approach’ when assessing a sponsor’s pension fund liabilities under IAS19 as any move otherwise would encourage schemes to shed risky assets, according to research by the French business school EDHEC.
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NewsSlovak funds see turnaround in Q3
SLOVAKIA – Slovak funds have further strengthened their positive return base for 2009 thanks to a 0.6% investment return in the third quarter, according to data published by the pension fund organisation ADSS.
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NewsSwedish MPs pensions to keep unfunded DB structure
[16:00 CEST 08-10] SWEDEN - Reforms of the pension provision for the Swedish members of parliament will not now change the current unfunded defined benefit structure.
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NewsKenny targets 'unacceptable' directors with MoU
[15:30 CEST 08-10] IRELAND – Paul Kenny, the Pensions Ombudsman has signed a Memorandum of Understanding with the Office of the Director of Corporate Enforcement (ODCE) to allow him to pass on details of “unacceptable behaviour by company directors” - a move bringing closer cooperation against rogue employers.
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NewsCommission on Retirement must halt pension delays - IAPF
[15:00 CEST 08-10] IRELAND – The Irish Association of Pension Funds has called on the government to establish a Commission on Retirement to update the assumptions underlying Ireland's two-year old Green Paper on Pensions, following the recent changes in the economic environment.
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NewsUK 2012 regulations may restrict employer innovation
[17:15 CEST 07-10] UK – Employers want a wider range of pension and savings products that meet the changing priorities and immediate needs of their employees, but the upcoming 2012 regulations may be restricting innovation, according to research from BlackRock.
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NewsDanica calls for full disclosure of pension costs
[16:53 CEST 07-10] DENMARK - The managing director of Denmark’s Danica Pension promised full disclosure of the company’s pension costs and said legislation may be called for if others do not follow suit.
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NewsTPR appoints Deloitte for review of UK's DC regulations
[16:47 CEST 07-10] UK – The Pensions Regulator (TPR) has appointed Deloitte to conduct a review of the existing defined contribution (DC) regulatory framework and make recommendations for a new "robust" framework ahead of the 2012 reforms.
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NewsDanish women to retire early
[16:02 CEST 07-10] DENMARK - Women in Denmark are much more likely to retire early than men, according to a study carried out for pensions provider PFA Pension.
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NewsPensionskassen doubt regulatory value of Tobin tax
[15:56 CEST 07-10] AUSTRIA - Austria's government and trade unions are pushing for the introduction of an EU Tobin tax on financial transactions, but the country's pension funds doubt that it will have the desired regulatory effect.
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NewsFinland's Keva appoints Swiss Altis for manager analysis and monitoring
[15:26 CEST 07-10] FINLAND - Keva, the €22bn local government pension institution in Finland, has appointed Altis Investment Management to assist with external asset manager analysis and monitoring.
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NewsWednesday people roundup
[15:00 CEST 07-10] GLOBAL – Pension Protection Fund, Nordea, Aberdeen Asset Management, Hollinger Asset Management AG, Old Broad Street Research, Aviva Investors, Russell Investments, Threadneedle, HM Treasury.
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NewsCustody pricing models set to change
[11:00 CEST 07-10] GLOBAL – Pension funds should expect to see a change in the fees paid to custodians and firms delivering associated investor services, according to Northern Trust, because pricing structures no longer reflect the work undertaken.
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NewsExotic ETFs are not seeing demand - provider
[17:20 CEST 06-10] EUROPE - Exotic and more sophisticated exchange-traded funds have suffered from a serious lack of interest this year, according to Axel Lomholt, head of product development for iShares Europe.
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NewsCall for Dutch self-employed to stay in pension funds
[17:20 CEST 06-10] NETHERLANDS - Self-employed individuals should be given the legal right to temporarily stay in the pension fund of their former employer so they may save for a pension, a Dutch academic expert has suggested.
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NewsUK Conservatives plan to speed up pension age increase
[17:15 CEST 06-10] UK – The Conservative Party has confirmed it will reinstate the earnings link for the basic state pension in the next Parliament if they are elected, but warned it would be funded by a faster increase in the state pension age (SPA).
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NewsAustrian pension funds report 7% return
[17:10 CEST 06-10] AUSTRIA – In the first nine months of this year the 19 Austrian pensionskassen returned 7.35%, according to the pension fund association FVPK.
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NewsTesco continues property deals with pension funds
[17:05 CEST 06-10] UK – Tesco has formed a fourth joint venture with a UK pension fund to sell and leaseback property assets in an effort to release value from its property portfolio.
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NewsMercer to set PACE on Co-op’s alternatives
[17:00 CEST 06-10] UK – The Cooperative Group’s £5bn (€5.39bn) Pension Average Career Earnings (PACE) scheme has signed Mercer to deliver implemented consulting on its alternatives investments portfolio.
