Investor Strategy – Page 130
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News
Boots mulls replacing risk-averse DB pension with DC
[16:45 CET 01-02] UK – Alliance Boots has confirmed it is entering into a consultation period with employees regarding plans to close its £3.9bn (€4.5bn) defined benefit (DB) scheme to future accrual and replace it with a defined contribution (DC) scheme.
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German corporates continue shift to pension plans
[16:40 CET 01-02] GERMANY – German companies are still committed to strengthening occupational pensions, but some firms might have chosen the wrong reasons for outsourcing liabilities, pensions experts have claimed.
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FundQuest predicts pooling will drive fiduciary business
[15:45 CET 01-02] EUROPE - FundQuest, the €85bn multimanager outfit of BNP Paribas Investment Partners, expects its asset pooling platform to boost the money it runs for the banking group’s institutional fiduciary management clients.
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Hard-hit PME changes board structure
[16:55 CET 29-01] NETHERLANDS - The €21bn metal scheme PME has decided to change its governance structure as a result of the financial crisis which reduced its cover ratio to 84% last year.
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Social partners back Goudswaard Panel views
[16:00 CET 28-01] NETHERLANDS – Dutch employer and employee groups have backed findings presented yesterday by the Goudswaard Committee, claiming pension funds must scale down their ambitions and get members to accept increased risk, if they are to keep the pension system future-proof.
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Norway's pension reforms hinge on tackling sick benefits - IMF
[15:45 CET 28-01] NORWAY – The International Monetary Fund (IMF) has warned Norway must tackle the very high inflow into sickness and disability benefit schemes if the pension reforms implemented in 2010-11 are to be effective.
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UK roundup: Reading and Oxford Unis, Mercury Provident, EMAP, Inchcape
[15:25 CET 28-01] UK – The universities of Reading and Oxford are seeking actuarial services and an administration system for their respective pension schemes.
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News
OPG settles legal claim with SSGA
[17:10 CET 27-01] NETHERLANDS - The pension fund OPG has reached a settlement agreement with State Street Global Advisers (SSgA) concerning the loss of all assets related to the collapse of Lehman Brothers.
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Pension funds must alter ambitions and risk – Dutch experts
[17:00 CET 27-01] NETHERLANDS – A committee of Dutch pensions finance experts claims pension funds must scale down their pensions benefit ambitions and adjust their risk approach in order to keep the present pension system affordable.
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News
SAM to offer 'sustainable' fees
[15:15 CET 27-01] GLOBAL - A new fee structure for institutional asset owners and their managers has been launched by Swiss-based Sustainable Asset Management, in a bid to align the long-term interests of the two parties.
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News
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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News
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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News
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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News
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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News
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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News
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.
