All articles by Julie Henderson – Page 25
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Country ReportFears of added financial burden
Opinion is divided on the practicalities of setting up a pension protection scheme in Ireland, finds Julie Henderson
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News
EDHEC sees banking solution in Solvency II-type funding
[16:30 CET 29-01] EUROPE – Applying Solvency II flexible funding rules to banks would have substantially reduced the need for recent government monetary support to the sector, academics from French business school EDHEC have claimed.
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News
Caution urged on bonds as BoE considers purchase
[16:40 CET 26-01] EUROPE - A move by the Bank of England to buy corporate bond debt could be enough to kick start liquidity in the sector again but there are now concerns about the huge investor interest in the sector, claim officials at Standard Life Investments (SLI).
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News
Pensions funds opt to raise TRS collateral
[12:00 CET 22-01] EUROPE – Pensions funds are likely to be paying slightly higher for passive investments since the collapse of Lehman Brothers if using synthethic replication, but are choosing to do by over-collateralising their total return swaps, according to officials at Morgan Stanley Investment Management.
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News
Currency volatility leads to Record outflows
[16:00 CET 20-01] UK – Record plc, the listed company behind Record Currency Management, has admitted the firm saw client assets outflows worth $2.6bn (€bn) in its third quarter trading and its assets under management fell by 25% when combined with market and currency turbulence.
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News
ING grants indexation despite low cover ratio
[12:00 CET 19-01] NETHERLANDS - The €10bn pension fund of Dutch finance giant ING is still able to grant full indexation to its members, despite a shortfall on its required financial reserves.
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News
Allianz completes Cominvest takeover
[16:20 CET 13-01] GERMANY – Cominvest, the asset management division of Commerzbank, now falls under the umbrella of Allianz Global Investors Germany following the completion of its takeover.
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News
DSM scheme refrains from indexation
[16:00 CET 13-01] NETHERLANDS - PDN, the pension fund of chemicals giant DSM, has revealed it cannot grant its participants any indexation in 2009 as the scheme is underfunded.
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News
New research body to target regulation
[15:45 CET 13-01] UK – A new research institute has been launched in the UK which is claiming to be an independent, non-partisan global research body designed to restore confidence and stability in financial regulation.
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News
Pension Fund Forum: Dividend pressure
Pension funds could see the dividends earned from equities decrease substantially over the coming months, as companies come under pressure to put corporate security ahead of investor payouts.
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News
TPR guides on ‘common’ and ‘conditional’ data
[16:40 CET 12-01] UK – The Pensions Regulator has concluded its consultation on record-keeping by noting a good standard of record-keeping is needed across all UK pension schemes to help sponsor parties understand the true status of their arrangements.
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News
UK deficits hit £194bn in 2008
[16:30 CET 12-01] UK – Pension scheme funding was substantially worse in the UK last year than in 2007, the Pension Protection Fund has revealed, as aggregate deficits rose to over £194bn (€ by the end of December and the total assets valued within pension funds are thought to have ...
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News
Madoff fraud costs pension funds €44m so far
[16:30 CET 22-12] EUROPE – Only a handful of European pension funds have declared an indirect investment interest in the recent Madoff 'Ponzi' scheme, fraud but the potential losses to date are now understood to be in the region of at least €44m.
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News
Hedge fund specialists to buy SGAM UK
[16:35 CET 19-12] UK – Société Générale Asset Management has sold its London-based asset management subsidiary to GLG Partners Inc for an undisclosed sum.
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News
Only workers to receive BPF Bouw indexation
[16:15 CET 19-12] NETHERLANDS – Officials at BPF Bouw, the €23bn pension fund for the building industry, have announced pensioners will not receive indexation on their retirement plans and only working members will be allocated a partial indexation payment this year because the fund is below its required cover ratio.
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News
Irish listed pension deficits hit €3.5bn
[15:50 CET 19-12] IRELAND – Irish listed companies with defined benefit schemes have pensions accounting deficits worth approximately €3.5bn or 12-14% of their market capitalisation, suggests analysis conducted by Attain Consulting.
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News
PanAgora to cut link with Union 'because'
[16:45 CET 18-12] GERMANY/US – Union PanAgora, the quantitative investment management boutique jointly owned with Union Investment and PanAgora Asset Management, will have a new name from next year as PanAgora is pulling of the venture.
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News
Pensions risk eyed with short-term view
[16:45 CET 17-12] GLOBAL – Pensions risk is viewed primarily as a short-term financial risk and changes to pensions strategies are being increasingly driven by corporate accounting, according to the latest study by Hewitt Associates.
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News
Wednesday people roundup
[16:00 CET 17-12] People roundup: Nordea, UBS, Hewitt Associates, APAPR, Partners Group, Mandarine Gestion, Affiliated Managers Group, Mercer
