Investor Strategy – Page 124
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IMF tells Czechs to grow the second pillar
CZECH REPUBLIC – Moving to a fully-funded second pillar should be part of a sustainable pension reform in the Czech Republic, the International Monetary Fund (IMF) has argued.
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Pensions Board advises trustee to review admin focus
[16:00 CET 25-01] IRELAND – Trustees have been warned they must still resolve thier own administration issues even though administrators are now separetely regulated by the Pensions Board.
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AllianceBernstein banks on target DC for Europe
[15:45 CET 25-01] UK – AllianceBernstein has remodelled its US target date funds range for the European market, and could eventually offer some form of guarantee.
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Hammersmith explores 'intra London' admin service
[16:50 CET 22-01] UK – The London Borough of Hammersmith & Fulham is exploring the possibility of establishing an "intra-London authority" framework for pensions administration, as its existing mandate with the London Pensions Fund Authority (LPFA) is about to expire.
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Pensions should be top priority in CEE, says IMF
[16:35 CET 22-01] EUROPE – When it comes to structural reforms CEE countries should tackle pension first, a representative of the International Monetary Fund (IMF) said – and Romania is taking a first step.
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Aegon unveils hedging service for pension funds
[15:45 CET 22-01] EUROPE - Aegon Asset Management has launched a customised asset allocation facility to help pension schemes meet their strategic objectives through hedging.
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Info boosts pensions over contributions - German study
[15:30 CET 21-01] GERMANY - More information rather than higher employer contributions is the key to increasing participation in a company pension scheme, according to a study by DIA, the German institute for retirement research backed by Deutsche Bank.
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UN under attack over pension fund strategy
[15:35 CET 21-01] GLOBAL - The United Nations Joint Staff Pension Scheme has come under fire from a UN-related organisation for “under-investing” in developing countries while over-relying on external fund management.
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NewsFTK should target the real cover ratio – Frijns Committee
[16:15 CET 20-01] NETHERLANDS - The financial assessment framework (FTK) for pension funds must be aimed at the real cover ratio, rather than the nominal funding ratio as at present, an adviser committee to the Dutch government has recommended.
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German ALM interest is growing – Hewitt
[16:30 CET 19-01] GERMANY – The need for strategic investment consulting, including asset-liability studies, will grow among German institutionals, according to the German heads of newly-branded Hewitt Associates.
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NewsCrisis allowed trustees to tap contingent assets
[16:00 CET 19-01] UK - The use of contingent assets has grown by 30% in the past year as UK defined benefit pension schemes grappled with some of the worst funding levels since records began.
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NewsWaltham Forest drops ECM after strategy review
UK - The £340m (€387m) London Borough of Waltham Forest pension fund is moving to an aggressive investment strategy which will see European Credit Management (ECM) terminated from a £41m brief.
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NewsRising life expectancy blocks Hoogovens’ indexation
[15:30 CET 18-01] NETHERLANDS - The €6bn Dutch pension fund of steelworks Corus has decided not to pay indexation, and has instead set aside assets to cover an anticipated increase in life expectancy.
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Nominal GDP swaps 'could be key to DC guarantee'
[16:20 CET 14-01] EUROPE – Officials at the Bank of Italy have been working on a proposal to create a public swap-based return guarantee for members of defined contribution funds.
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Mandate roundup: Kensington & Chelsea, Norges Bank, Tower Hamlets, LAPFF
[16:00 CET 14-01] EUROPE - The Royal London Borough of Kensington and Chelsea this week confirmed it has found a new passive investment manager, with fellow London Borough Tower Hamlets is searching for an absolute returns manager, hot on the heels of its search for a multi-asset passive investment manager.
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Investors to follow pre-turmoil strategies - research
[16:30 CET 12-01] EUROPE – European institutional investors look set to maintain the portfolio strategies they held prior to recent market turbulence, suggests research. But German firms may be thinking of bringing more external management back in-house.
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Swiss gov't to keep lump sum pension tax advantages
[16:00 CET 12-01] SWITZERLAND – People who choose to take lump sum payouts at retirement get tax advantages under the Swiss mandatory second pillar compared with those who choose regular pension payments. And it is going to stay this way, according to the government.
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FTK only needs fine-tuning, claim Dutch actuaries
[14:30 CET 12-01] NETHERLANDS – The Dutch Actuarial Society (AG) believes the existing financial assessment framework for pensions (FTK) requires only fine-tuning and is not in need of a major overhaul.
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Merging LGPS 'impossible' for governance reasons
[13:00 CET 12-01] UK – The case for merging the administration of the Local Government Pension Scheme (LGPS) is strong enough to overcome any minor obstacles, however the practicalities of consolidating the investment side would be “difficult if not impossible”, according to a former manager of two LGPS schemes.
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Young Germans put pensions back on the agenda
[16:50 CET 11-01] GERMANY – Young Germans are thinking about supplementary retirement provision again for the first time since 2008, according to a study conducted by Union Investment.
