All articles by Barbara Ottawa – Page 91
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AP1 exits Carnegie committee in protest
[15:45 CET 30-10] SWEDEN – AP1, the largest Swedish buffer fund SEK221bn (€24bn) AP1 has withdrawn its delegate from the nomination committee at Carnegie bank, in protest against the proposed new chairman.
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Irish insurance fund to dry up from 2016 - Mercer
[16:00 CET 29-10] IRELAND – The Social Insurance Fund will accumulate a €35bn deficit by 2061 if current regulatory frameworks on retirement age and contribution rates are maintained, Mercer's most recent actuarial valuation of the fund has found.
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DC members stunned by too much choice – research
[14:30 CET 29-10] GLOBAL - Members of defined contribution (DC) schemes tend not to make a choice at all when given too many funds to choose from, two research studies have found independently.
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Pensions Board creates actuarial panel
[13:30 CET 29-10] IRELAND – The Pensions Board is seeking five to six actuarial consultancy firms for future projects.
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100,000 waiting at PPF doorstep
[13:00 CET 29-10] UK – At least 170 pension schemes in deficit are now in the assessment period, the Pension Protection Fund (PPF) disclosed in its annual report.
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Lærernes to review PFA and Bankinvest
[16:30 CEST 26-10] DENMARK - The DKK24.5bn (€3.3bn) Danish Teachers' Pension and Life (Lærernes Pension) will be reviewing its Danish equity managers.
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Outgoing gov't pulls PZU privatization
POLAND – The Polish government today withdrew an agreement to float the state-controlled insurance giant PZU on the stock market.
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Ombudsman warns pension schemes are 'misleading' members
[11:00 CEST 26-10] IRELAND - The Pensions Ombudsman has alleged "communication in the pensions industry is sometimes misleading", leaving members uncertain about their contributions and potential benefits.
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German Cabinet passes 'acting in concert' bill
[16:00 CEST 25-10] GERMANY – The government today passed a disputed bill for more transparency of investments in the German market.
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IPE-QUEST: German pension fund posts equity brief
[15:45 CEST 25-10] GERMANY – A German corporate pension scheme is looking for an equity manager for a €150m mandate, using IPE-Quest.
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Germans up support for compulsory second pillar
[15:30 CEST 25-10] GERMANY – Making occupational pension provision compulsory would help ease fears over poverty at retirement, an increasing number of Germans agree.
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AP3 signs enhanced managers
[15:00 CEST 25-10] SWEDEN – The SEK227.7bn (€25bn) third Swedish buffer fund AP3 has selected 13 managers for enhanced indexing briefs.
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Academics find ESG helps performance
[12:30 CEST 25-10] GLOBAL – Applying environmental, social and corporate governance (ESG) to your portfolio has a positive impact on performance, the United Nations and Mercer has found.
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PPF seeks help to clean up scheme data
[12:00 CEST 25-10] UK – The Pension Protection Fund (PPF) is tendering for services to review data of incoming pension schemes.
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Returns reveal right move for FRR
[16:00 CEST 24-10] FRANCE – The €33.8bn French reserve fund FRR said reduced exposure to equities and no holdings in instruments directly affected by the credit crunch had helped bring its performance for the last nine months to 5.7%.
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Collectum computer crash forces ITP extension
[14:00 CEST 24-10] SWEDEN – Collectum, the online services responsible for pooling money within Sweden’s white-collar pension scheme ITP, has extended the period within which people decide where to invest their money because of technical difficulties.
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PwC to advise Norwegian fund on real estate
[13:30 CEST 24-10] NORWAY – The Oslo-based branch of PricewaterhouseCoopers (PwC) was awarded the contract for advising the NOK2trn (€250bn) Norwegian government pension fund on tax issues related to real estate investments.
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UBS expands in France
[13:00 CEST 24-10] GERMANY/SWITZERLAND – Swiss bank UBS is set to buy German Commerzbank's French asset management arm Caisse Centrale de Réescompte (CCR) for €435m.
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EFRP appoints new chair and directors
[16:25 CEST 23-10] EUROPE – Angel Martinez-Aldama, director general of Spanish fund association Inverco, has succeeded Jaap Maassen, director of pensions at Dutch ABP, as chairman for the European Federation for Retirement Provision (EFRP).
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Pension experts disagree over deferred benefits
[16:00 CEST 23-10] UK – The National Association of Pension Funds (NAPF) has backed a proposal by the government to half the cap on indexation of deferred retirement benefits, but consultancy experts have criticised such reforms.
