All articles by Julie Henderson – Page 26
-
News
Goldman sees revenue fall but AM holds firm
[16:50 CET 16-12] GLOBAL – Goldman Sachs has recorded its first ever quarterly loss, since the company floated in 1999 of over $2bn (€bn) but a breakdown of the fourth quarter figures reveals its asset management division is still generating record fees and revenue.
-
News
Earlier access sought to tax-free sum
[16:30 CET 16-12] UK – A minister of the UK upper parliamentary chamber is calling on the government to alter pensions legislation and allow defined contribution pensionholders access to some of the assets during times of need.
-
News
PIC snags remaining Thorn
[16:30 CET 15-12] UK – Pensions Insurance Corporation, the insurance-based pensions buyout provider, has agreed a deal with trustees of the £1.1bn pension fund for former Thorn employees to take on the pensions liabilities and top up the benefits to members.
-
News
Funds advised to 'back-end load' pensions recovery
[17:05 CET 12-12] UK – The Pensions Regulator (TPR) has advised pension funds to do what they can to avoid extending pension recovery periods in the onslaught of recession but instead negotiate higher sponsor payments for the end of the term.
-
News
Glasgow begins bonds search
[16:40 CET 12-12] UK - Officials managing the £9.24bn (€10.3bn) Strathclyde pension fund have begun the search for a bond manager who could eventually look after up to £800m.
-
News
Pensions is biggest employee concern for 2009
[17:10 CET 11-12] GLOBAL – A survey of HR professionals about the provision of employee benefits in 2009 has revealed retirement provision is now the greatest concern to employees, according to Mercer.
-
News
Market crisis wipe $5trn from pensions
[16:55 CET 11-12] GLOBAL – Falling stock markets has wiped $5trn (€4trn) off the value of private pension plans across the world, and approximately two-thirds of that applies to US funds only, The Organisation for Economic Cooperation and Development has suggested.
-
News
No stays as 'no' on conditional indexation
UK – The UK’s Department for Work and Pensions has said it believe there is sufficient benefit in allowing occupational pension funds to apply conditional indexation but it will do further work next year into the feasibility of introducing collective DC schemes and risk sharing.
-
News
Mercer to help drive Nissan’s pensions strategy
[17:00 CET 10-12] GLOBAL - Mercer, the consultancy firm, has been appointed by car manufacturer Nissan Motors to be its global retirement consultant.
-
News
Call for attention on default options
[16:45 CET 10-12] EUROPE –Executives and trustees of defined contribution pension schemes are being advised to pay closer attention to the ‘default’ option of their investment choices and ensure the offering is suited to the needs of members.
-
News
Central control over HR key to mobile pensions
[16:30 CET 10-12] GLOBAL - Multi-national firms offering mobile employees some form of international pension arrangements to mobile workers effectively have to rein in the promises HR departments may make when travelling from one location to another, suggest an official at mining giant Rio Tinto.
-
News
Employers promise to pay existing contributions - DWP
[17:10 CET 09-12] UK – Employers are likely to maintain a pension funding level of approximately 8% once personal accounts are introduced in 2012, suggests research unveiled today by the Department for Work and Pensions.
-
News
Pension trustees caught in funding dilemmas
[16:45 CET 09-12] UK – Pension fund trustees are being advised to review employer covenants, investigate the sponsor’s current financial status and begin future funding negotiations as soon as possible, as Aon Consulting is hearing evidence of employers stating they cannot afford to pay existing funding needs.
-
News
Pension fund investors could help the crisis – Mn
[15:30 CET 09-12] EUROPE – A Dutch asset management firm has called on regulatory authorities to allow pensions funds to focus less on funding ratios and permit investments which improve corporate debt liquidity.
-
News
Pensions 'must go back to basics'
EUROPE – European pension fund managers are predicting colleagues will simplify their investment strategies in light of the recent market turmoil, look for lower average returns and apply a “back to basics” approach to risk management in the future.
-
News
'Smoothed' accounting could help pensions woes
[16:35 CET 08-12] EUROPE – The introduction of ‘smoothing’ on the accounting of pension fund asset valuations would significantly improve pension fund valuations and management without fundamentally changing the risks they need to manage, according to BlackRock Asset Management.
-
News
New evidence of bad advice on pension transfers
[13:00 CET 08-12] UK – The Financial Services Authority has uncovered fresh evidence of pension transfer mis-selling which indicates some occupational pension members may have been wrongly advised to shift out of schemes in the wake of A-Day.
-
News
EC tackles Portugal, Spain and UK over pensions
[16:45 CET 01-12] EUROPE – The European Commission has initiated action against the governments of Portugal, Spain and the United Kingdom for what it believes is a breach of EU rules concerning the terms applied to European pensions.
-
News
Roche departure strengthens Aon's Swiss team
[16:30 CET 01-12] SWITZERLAND – Matthias Pfiffner, international benefits manager at Roche, has left the pharmaceutical giant to join the pensions team at Aon Consulting Switzerland.
-
News
Pension funds could be key to Iceland rescue – IMF
[16:40 CET 26-11] ICELAND – The International Monetary Fund (IMF) has published a report suggesting Icelandic pension funds could be a key component in rescuing its domestic economy if they were to purchase local government bonds.
