All IPE articles in October 2010 (Online)
View all stories from this issue.
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NewsSurvey paints grim picture for UK auto-enrolment
UK – A new survey of 258 UK pensions professionals paints a worrying picture of preparedness for auto-enrolment in 2012, as well as growing acceptance that insurance buyout or buy-in should be a de-risking option for the future.
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NewsFriday people roundup
GLOBAL – Jackal Advisory, Begbies Traynor Group, European Fund and Asset Management Association, Hymans Robertson, Ignis Asset Management, State Street Global Advisors, Threadneedle
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NewsDutch fund PME sticks to recovery plan without rights cuts
NETHERLANDS – The board of the €22bn pension fund for the Metalektro (PME) has insisted it can recover its financial position without cutting its participants' rights.
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NewsSwedish roundup: Skandia, AP 1-4, Investors Group on Climate Change, Swedbank, AMF
SWEDEN – Mårten Andersson has been appointed chief executive of Skandia's Nordic operations.
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NewsGerman pension schemes invest in funds offering student loans
GERMANY – The pension fund for chartered accountants in the German province of Northrhine-Westphalia (WPV) is considering additional investments in a university student support programme.
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NewsUK roundup: Baker Tilly, Legal & General, Scottish Widows, Horwath Clark Whitehill
UK – The biggest challenge facing UK trustees, according to Baker Tilly's 2010 confidence survey, is their pension schemes' deficit recovery plans – ahead of both investment strategy and longevity risk.
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NewsEC debt rules still 'inadequate' for countries reforming pension systems
EUROPE – The Polish finance minister has called new proposals for how pension debt is calculated as part of a country's annual debt level "inadequate".
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NewsCookson appoints BlackRock as fiduciary of pension scheme
UK – The Cookson Group has appointed BlackRock as fiduciary manager of its £460m defined benefit pension plan.
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NewsStorebrand to offer 'flexible' DB pensions despite 2011 deadline
EUROPE – Corporate pensions provider Storebrand is on track to offer a breed of flexible defined benefit (DB) pension when Norway's new pension legislation comes into force in January 2011, despite the very tight deadline.
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NewsEuropean asset managers must adapt to new economics, says Fitch
GLOBAL – A Fitch Ratings report published today says European asset managers need to adapt products and staffing to new macroeconomic trends.
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NewsIncreasing Dutch retirement age by 2020 is 'too little too late'
NETHERLANDS – The increase of the Dutch state pension AOW age from 65 to 66 in 2020 is "too little and far too late" to counter the financial impact of an ageing population, according to Sweder van Wijnbergen, economist at Amsterdam University.
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NewsVan der Ende resigns as CIO at Dutch manager PGGM
NETHERLANDS – Johan van der Ende is stepping down as chief investment officer at Dutch asset manager PGGM.
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Romanian pension funds return 13.3% to end of third quarter
ROMANIA – Pension funds in the Romanian mandatory second pillar returned 13.3% for the first nine months, according to the pension fund association APAPR.
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NewsIreland's NPRF denies cut in pension contributions
IRELAND – The Republic of Ireland's National Pensions Reserve Board has denied government contributions to the fund will fall to less than 1% of GNP.
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NewsDutch catering scheme picks F&C for hedging
NETHERLANDS – The €3.6bn Pensioenfonds Horeca & Catering, the industry-wide pension fund for the Dutch catering and hospitality industry, has appointed F&C for interest-rate hedging.
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NewsGerman roundup: Gothaer, Standard Life, Union
GERMANY – Only 38% of Germans are using second-pillar pension schemes, life insurance company Gothaer has found.
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MNOPF reappoints Towers Watson as delegated CIO, seeks new adviser
UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has re-appointed Towers Watson as its delegated CIO and is finalising an RFP for the appointment of an ongoing adviser.
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NewsRobust pensions system may require loss of benefits, says DWP committee member
UK – A member of the select committee for the UK Department for Work and Pensions (DWP) has said a loss of benefits would be acceptable if it meant keeping pension schemes working.
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NewsIrish roundup: Irish Airlines Superannuation Scheme, Rubicon Investment Consulting
IRELAND – The Irish Airlines (General Employees) Superannuation Scheme – the joint pension scheme for workers at Aer Lingus, Dublin Airport Authority and former employees of SR Technics – may have to be split as part of arrangements to plug the €500m deficit in the scheme.
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NewsNeuberger Berman targets pension funds with emerging market equities fund
GLOBAL – Asset manager Neuberger Berman is targeting European pension schemes with an emerging market equities fund proffering diversification from developed markets.
