All IPE articles in September 2007 (Online) – Page 6

News
Aviva buys Romanian asset manager

2007-09-12T15:15:00Z

ROMANIA – UK-based life and pension service provider Aviva is set to take over Romanian asset manager Certinvest.
News
TPR cautions on pension buyouts

2007-09-12T15:00:00Z

[16:00 CEST 12-09] UK - The Pensions Regulator (TPR) has warned although pension buyouts are an acceptable way for companies to transfer pension liabilities, employers should not consider it a way to abandon their schemes.
News
German state pension "showing signs of strength"

2007-09-12T14:45:00Z

GERMANY – Germany’s state pension scheme is showing signs of renewed strength as the ‘so-called’ sustainable reserve is almost three times the legal minimum and the scheme is expected to have a surplus for the full year, pension experts say.
News
Wednesday people roundup

2007-09-12T11:00:00Z

[12:00 CEST 12-09] GLOBAL – People roundup: Pimco, Robeco, Barnett Waddingham, NTGI, Morley, Standard Life, CSAM, KPMG, Mercer, Watson Wyatt, Hewitt, Investec, OMEGA, ProTRUST, PPF, AP1.
News
UK schemes' surplus halved

2007-09-12T10:30:00Z

[11:30 CEST 12-09] UK – UK pension funds saw their aggregated surplus melt from £51bn (€75bn) to £26.8bn amid market turbulences in August, according to the latest Pension Protection Fund (PPF) Index.
News
Mercer takes implemented consulting to Europe

2007-09-12T10:08:00Z

[11:08 CEST 12-09] EUROPE - Mercer intends to expand its implemented consulting activities to win business in Ireland and the UK, as well as in fiduciary management in the Netherlands over the next 3-5 years.
News
IPE-QUEST: Swiss bond and equity mandates

2007-09-12T10:00:00Z

[11:00 CEST 12-09] SWITZERLAND - Swiss pension funds are looking for investment managers to handle high yield bond and global equity mandates, using IPE-Quest.
News
PNO Media to test SRI policy

2007-09-11T15:45:00Z

[16:45 CEST 11-09] NETHERLANDS – Media PNO will seek member feedback on its revised socially-responsible investment (SRI) policy later this year, after employers earlier threatened to withdraw membership unless they changed their stance.
News
Trustees must interpret a Type A event - TPR

2007-09-11T15:15:00Z

UK – Pension fund trustees need to be less restrictive in their interpretation of what could constitutes a Type A corporate event on a pension scheme’s funding, suggests ‘clearance’ guidance issued by The Pensions Regulator (TPR).
News
Pensions insurance vehicle hit by lawsuit

2007-09-11T13:00:00Z

[14:00 CEST 11-09] GERMANY – The Pensions-Sicherungs-Verein (PSV), an association that insures corporate pensions against insolvency, is being sued by some of its employer-members over costs related to its shift from a pay-as-you-go (PAYG) financing model to a capital-backed one.
News
Pension buyout is cooking at Aga

2007-09-11T12:30:00Z

[13:30 CEST 11-09]UK – Aga Foodservices, the British oven maker, has said it is reviewing the "strategic options" for funding its £791.9m (€1.16bn) pension scheme.
News
Companies prioritise DB over DC - Hewitt

2007-09-11T12:00:00Z

[13:00 CEST 11-09] UK – Members of defined contribution schemes are missing out on up to 70% additional retirement income because of lack of efficiency in administration, Hewitt said.
News
Pensions sector critical of tax-deductibility cap

2007-09-11T11:45:00Z

[12:45 CEST 11-09] NETHERLANDS - The Dutch pensions sector has criticised the leaked cabinet plan to limit the tax-deductibility of pension contributions for higher incomes.
News
'Pre-talk' talks open on Lithuanian fees

2007-09-11T11:15:00Z

[12:15 CEST 11-09] LITHUANIA – Pre-negotiation talks are underway in Vilnius between second pillar pension fund providers and authorities who are demanding providers reduce their fees.
News
VB to set up separate pension commission

2007-09-11T10:00:00Z

[11:00 CEST 11-09] NETHERLANDS – The Dutch organisation for industry-wide pension funds, VB plans to establish a pension commission focusing on the export of the Dutch pension system.
News
USS strengthens alternatives team

2007-09-10T15:45:00Z

[16:45 CEST 10-09] UK – The £30bn (€44.2bn) Universities Superannuation Scheme has hired from Railpen Investments (RPMI) and private equity firm Klesch & Company Limited.
News
Resolution and Friends change merger deal

2007-09-10T15:30:00Z

[16:30 CEST 10-09] UK – Resolution and Friends Provident have changed the shareholder agreement required for the merger of the two life insurance groups and this might make it more difficult for rival bidders, analysts say.
News
Sainsbury’s gets new pensions head

2007-09-10T15:00:00Z

[16:00 CEST 10-09] UK – David Brennan has been appointed as head of pensions at the £2.1bn (€3.1bn) pension fund of UK supermarket retailer J.Sainsbury.
News
Lothian pension tenders its real estate

2007-09-10T15:00:00Z

[16:00 CEST 10-09] UK – Lothian pension fund is reviewing its real estate investment manager and searching for a firm to handle the fund’s asset allocation.
News
Constitutional Court approves pensions freeze

2007-09-10T14:30:00Z

[15:30 CEST 10-09] GERMANY – Germany’s Constitutional Court has upheld the government’s legal right to freeze state pension benefits for budget reasons and thrown out a lawsuit seeking compensation for earlier freezes.