Advisers – Page 43
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NewsTrickett to leave Towers Watson
UK – Towers Watson has informed staff and clients of the departure of its EMEA head of investment consulting, Paul Trickett.
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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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NewsRatings agencies 'inadvertently' destabilised market, says IMF
GLOBAL – The International Monetary Fund (IMF) has urged regulators to rely less on credit ratings agencies (CRAs), as the way ratings are employed has "inadvertently" led to financial instability in the recent global crisis.
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NewsIrish DB pension schemes at 'tipping point', says Mercer
IRELAND – Defined benefit pension schemes in Ireland have reached the "tipping point", and the government will need to take urgent action to save them, according to Mercer.
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NewsPwC: Multinationals must centralise pension expertise to manage liabilities
GLOBAL – Multinational companies should try to centralise their pension expertise to better manage their liabilities, according to PricewaterhouseCoopers (PwC).
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Fiduciary management outperformed during financial crisis, says P-Solve
UK – Fiduciary management has significantly outperformed both equities and diversified static indices during the financial crisis, with a lower level of volatility, according to P-Solve.
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NewsUK roundup: Aviva, Deloitte, JLT Benefit Solutions, DWP
UK – The UK is now straddled with a bigger pensions gap per individual than any other country in Europe.
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NewsFalling bond yields hitting DB schemes worldwide, says Mercer
EUROPE – Falling corporate bond yields are wreaking havoc on the balance sheets of companies with defined benefit (DB) schemes, Mercer has said.
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NewsAsset managers must bolster business models to stay afloat, says Fitch
EUROPE – European asset managers must restore investor interest in actively managed investment and strengthen the resilience of their business models, Fitch Ratings has said.
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NewsGerman companies turning to LDI, alternatives for pension schemes
GERMANY – German multinational companies have been using hedging strategies, liability-driven investment (LDI) and alternatives increasingly, but are still reducing equities, according to a survey by Towers Watson.
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NewsMercer urges investors to step up developing market exposure
GLOBAL – Mercer has urged institutional investors to consider developing markets as an alternative to developed countries that suffer from high debt burdens and a dearth of bank lending.
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NewsPension funds in Henderson legal dispute revealed
UK – The dispute between a group of 30 pension funds and Henderson Global Investors over the management of two of its PFI funds has shifted up a gear as some of the biggest names in the UK pensions industry were named as being party to the case.
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NewsSwedish roundup: Collectum, Statistics Sweden, Morningstar, Finansinspektionen, Folksam
SWEDEN – One-third of Swedes under the age of 30 believe they will have to work beyond the national retirement age of 65, according to a survey by Statistics Sweden commissioned by Collectum, the supplementary occupational pension administrator.
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NewsDutch pension fund groups to merge into federation
NETHERLANDS – The three Dutch pension fund lobbying organisations have agreed to intensify their co-operation by merging their resources into a federation.
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NewsUK roundup: PwC, Pension Protection Fund, Club Vita
UK – PricewaterhouseCoopers (PwC) has announced the closure of its two defined benefit schemes, which have a combined deficit of £164m.
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NewsTowers Watson acquires Swedish consultancy HRS
EUROPE – Towers Watson has acquired HRS, a Swedish-based consultancy specialising in executive compensation, for an undisclosed sum.
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NewsAon: Employers underestimating risk of poor DB data
UK – Most UK employers running defined benefit schemes are underestimating the risks associated with poor-quality data, according to Aon Consulting's latest employer survey.
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NewsUK roundup: PricewaterhouseCoopers, Hewitt Associates, Pension Corporation
UK – Companies looking to repair defined benefit scheme deficits will be using assets – more than cash contributions – over the next year, according to analysis by PricewaterhouseCoopers (PwC).
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NewsScheme redesigns triggering contribution cuts, says Mercer
GLOBAL – Employers redesigning their pension schemes are reducing their contribution rates drastically, while a third will make changes to their defined benefit schemes in the near future, according to a survey by Mercer.
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NewsUK roundup: ACA, NEST, KPMG
UK – More than 40% of employers are considering levelling-down their pensions because they are concerned about the costs of auto-enrolment, the Association of Consulting Actuaries (ACA) has said.
