Pension System – Page 301
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NewsUniq proposes deficit-for-equity swap with trustees
UK – Food manufacturer Uniq has proposed a deficit-for-equity swap to its pension fund trustees in a deal that would see the fund take control of 90% of company shares.
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NewsUK Pension Protection Fund takes on another 17 schemes
UK – The UK Pension Protection Fund (PPF) has accepted 17 new schemes for compensation in September, including 1,768 individuals who are already are receiving pensions from the safety net.
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NewsUK roundup: Pension Insurance Corporation, BDO Investment Management, EMI, Equitable Life
UK – The risk transfer market was buffeted by underlying asset volatility in the third quarter, according to Pension Insurance Corporation's Q3 2010 Pension Risk Transfer index.
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![Borough of Lambeth terminates contracts with managers [amended]](https://d3ese01zxankcs.cloudfront.net/Pictures/100x67/4/6/8/39468_London+map.jpg)
NewsBorough of Lambeth terminates contracts with managers [amended]
UK – The £720m (€820.5m) London Borough of Lambeth pension scheme is understood to be ending contracts with UBS Global Asset Management, AllianceBernstein and Aberdeen Asset Managers.
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NewsUK roundup: pension tax relief, Bexley, BlackRock, Accounting Standards Board
UK – The government has revealed details of the reform to pension tax relief, lowering the threshold to £50,000 – a drop of more than £200,000 – by April 2011.
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NewsRoyal Mail pension scheme to shrink to one-tenth of size under government proposals
UK – The UK government has confirmed it would split the Royal Mail Pension Plan (RMPP), reducing it to around one-tenth of its current size, in an effort to tackle the scheme's £8.4bn deficit.
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NewsUK roundup: Camden, CB Richard Ellis, Partners Group, Towers Watson, PPF
UK – The London Borough of Camden's pension fund has appointed two real estate managers for a mandate worth as much as £70m.
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NewsUK roundup: Towers Watson on Hutton, Asda closes scheme
UK – Towers Watson has estimated a £80bn (€91bn) drop in public pension liabilities if suggestions made by Lord Hutton are implemented.
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Country Report
Portugal: Diversification away from home
Nina Röhrbein reports on a Portuguese pension market that is stagnating as employers struggle with more pressing issues
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Country Report
Spain: Eggs in one basket
Jim Robinson comments on the asset allocation of Spain’s €58bn social security reserve fund
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Features
Challenging beginnings
Liam Kennedy asked Hugo Lasat, CEO of Belgium’s Amonis, about the challenge of running a pension fund after a career in asset management and private banking
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FeaturesAlign your interests
Gail Moss assesses how pension fund boards and trustees can make sure their interests are in line with those of their asset managers
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Country ReportSpain: Where to diversify?
Gail Moss charts the asset allocations of Spanish pension entities and notes the increase in interest in risk management
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Features
Pitfalls of fiduciary management
Christiaan Tromp outlines the necessary criteria for successful and long-lived fiduciary management partnerships
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NewsUK roundup: Pensions Regulator, Lehman Brothers, CBI, Mercer, KPMG
UK – The Pensions Regulator has issued a financial support direction against six insolvent Lehman Brothers subsidiaries, ordering them to supply funds to the companies' UK pension scheme.
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NewsUK roundup: IMA, Legal & General, UNPRI, FTSE 350
UK – The Investment Management Association (IMA) has warned that new proposals to regulate the over-the-counter derivatives market could end up transferring all the risk to the end investor.
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NewsCPI switch could decrease deferred liabilities by 7.9% for a typical UK scheme
UK – Calculating pension increases according to the consumer price index (CPI) would reduce liabilities for deferred members by around 7.9% for a typical UK scheme, according to PensionsFirst.
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FeaturesPooling – how it works
Gail Moss outlines the essential elements of multinational pension and asset pooling, and how smaller pension funds can get in on the act
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Country Report
The Netherlands: A plan for pensions
At the invitation of IPE’s Dutch sister publication IPN in June, writes Mariska van der Westen, over 80 pension funds and consultants joined experts to discuss the challenges facing the Dutch pension sector.
