All IPE articles in September 2009 (Online) – Page 2
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NewsFormer Dexia chief to head up Belgium’s Amonis
BELGIUM – Hugo Lasat, the former chief executive of Dexia Asset Management, has just become the new head of the €1bn defined contribution pension fund for medical professionals, Amonis OFP.
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NewsDutch funds can maintain expectations - for now
[15:50 CEST 28-09] NETHERLANDS - Piet Hein Donner, minister for Social Affairs and Employment in the Netherlands, has decided that Dutch pension funds can continue to use the same maximum expected returns on investments as they have used in the past three years to calculate the level of pension contributions ...
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NewsDanes predict state pensions to fade like the dodo
[15:30 CEST 28-09] DENMARK - Confidence in the Danish basic state pension has faded because of perceived pressure on the public purse, as a new poll suggests 50% of younger working women believe the state pension will not exist when they retire.
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NewsFinnish pension providers show strength in recession
[16:35 CEST 25-09] FINLAND – Finanssivalvonta, the Finnish Financial Supervisory Authority (FIN-FSA), has claimed the country's financial sector could cope with a "very severe recession", following the results of stress tests on the capital adequacy of banks and pension insurance companies.
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NewsComic book hero to draw Dutch pensions interest
[16:30 CEST 25-09] NETHERLANDS – SPF Beheer, the pension administrator to the Dutch railway and public transport workers’ pension schemes, has come up a novel way of communicating pensions with younger members by explaining key information via a comic strip.
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NewsThree in four Irish workers expect retirement delay
[16:00 CEST 25-09] IRELAND/UK – The financial crisis is causing workers to think about delaying retirement, with almost three-quarters of Irish employees claiming they cannot afford to retire, research from Peninsula Ireland has revealed.
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NewsUK court rules default pension age is legal
UK – The UK High Court has ruled in favour of the government and confirmed the decision to adopt a default retirement age was "legitimate and proportionate", though it warned a review of the regulations next year should consider whether the use of an age 65 retirement date can be ...
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NewsPensionskassen are 'confident' about Austrian court action
[15:45 CEST 25-09] AUSTRIA – Austrian opposition parties have called on the constitutional court to look into the law on pension funds following last year’s investment losses, but the pension fund association is confident the action will be dismissed.
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NewsDilworth surfaces as Allianz GI's German CEO
[15:30 CEST 25-09] GERMANY - James Dilworth, former head of European at Morgan Stanley Investment Management, is joining Allianz Global Investors Germany from 12 October as its new chief executive, ahead of major changes to its European operational strategies.
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NewsUK: DB schemes given 3-yr auto-enrolment deferment
[17:10 CEST 24-09] UK – The government has proposed giving defined benefit (DB) pension schemes a three-year deferment period before implementing auto-enrolment, and stated employers will have to back-date contributions if they wish to switch to a defined contribution (DC) scheme.
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NewsBuyouts not for 84% of UK pension schemes - Punter Southall
[17:05 CEST 24-09] UK - Pension funds would be better off running their liabilities themselves than choosing buyout insurance in 84% of cases.
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NewsUK: WPP default fund charges 'should have stakeholder cap'
[17:00 CEST 24-09] UK - The default fund in workplace personal pensions (WPP) will need to carry charges below the current stakeholder pension level if they are to qualify for auto-enrolment, according to draft guidance published today by the UK government.
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NewsRow over Swiss funding levels
[16:50 CEST 24-09] SWITZERLAND – Many pension funds are back to full funding after a significant market recovery in the first half of 2009 but Swiss experts say widely differing calculations on average 2008 funding levels have left them confused as to what pension funds' true funding levels are.
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NewsBulgaria may offer multifunds in 2010
[16:35 CEST 24-09] BULGARIA – Multi-funds, or investment portfolios with different risk profiles, could be introduced into the third pillar pensions regime next year if the government adopts a draft law by the end of 2009, the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) has revealed.
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NewsLGA explores LGPS funding for schools
[16:30 CEST 24-09] UK – The executive of the Local Government Association (LGA) has authorised further investigation into the potential for establishing a collective investment fund for local authority pension schemes, so they may band together to invest in Private Finance Initiatives (PFI).
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NewsSwiss pension funds continue 'say-on-pay' struggle
[16:15 CEST 24-09] SWITZERLAND – The Ethos foundation together with eight pension funds is planning to petition for 'say-on-pay' at another four large Swiss listed companies.
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NewsAlpinvest picks up fresh ABP mandate
[16:00 CEST 24-09] NETHERLANDS – APG has extended an investment agreement with Alpinvest, the alternative investment manager, which will see it invest another €4bn on behalf of the ABP pension fund over the coming years.
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NewsHarrow overhauls fund manager line-up
[17:05 CEST 23-09] UK – The London Borough of Harrow has appointed four new managers to run the equity portfolio of its £300m (€333m) local government pension scheme, while its bond portfolio is being consolidated under one manager.
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NewsNorway appoints SourceAsia for ethical screening
[17:00 CEST 23-09] NORWAY – The Norwegian government, on behalf of the Council of Ethics, has appointed SourceAsia and CSR China to carry out internet-based ethical screening of the Asian companies invested in by the Norway Government Pension Fund – Global.
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NewsEC presses ahead with plans to end CEIOPS
[16:55 CEST 23-09] EUROPE – The European Commission is going ahead with plans to scrap the existing supervision of EU regulation, as well as the body which supervises pensions and replace it with a new system designed to give officials more authority over key decision-making.
