All articles by Julie Henderson – Page 28
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NewsEC questions need for enhanced pensions framework
[16:45 CEST 21-10] EUROPE – The European Commission has suggested an improved legal framework may be required to improve pensions coverage and ensure individuals have adequate income at retirement.
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NewsJust one day left to select the Outstanding Industry Contribution
[16:50 CEST 16-10] EUROPE – There are now less than 36 hours to go before IPE closes voting for this year’s Outstanding Industry Contribution award at the IPE European Pension Fund Awards 2008.
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UK managers deliver higher alpha – EDHEC
[16:45 CEST 14-10] EUROPE – UK asset managers are outperforming their counterparts on the continent as a higher number of firms delivered positive alpha compared with managers in France, Switzerland and Spain, according to an academic study conducted by EDHEC and Europerformance.
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UK deficits tripled amid 'Black Monday' turmoil
[16:15 CEST 14-10] UK – UK defined benefit pension funds saw their aggregate funding position worsen last week to more than triple the deficit recorded in August, according to figures announced by the Pension Protection Fund.
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Lords confirm SRI can be applied in UK pensions
[16:00 CEST 09-10] UK – Members from the UK’s upper parliamentary house have clarified pension fund trustees are legally allowed to consider responsible investment in any of its decisions concerning assets held by the fund.
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Solvency Rapporteur suggests 'clean sheet' on pensions
[17:10 CEST 08-10] EUROPE – The European Parliament member tasked with delivering a consensus on the Solvency II directive has called on the European Commission to start afresh in its search for a pensions solvency regulatory solution which recognises pensions provision has to be suitably funded.
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Europe shouts 'no' to IASB's proposed pensions reforms
[17:00 CEST 03-10] EUROPE – European pension funds have collectively given a strong thumbs-down to key proposals set out by the International Accounting Standards Board (IASB) on pensions accounting reforms, and even argue the initial review creates more problems than it solves.
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Pressured Irish funds given six-month reprieve
[16:45 CEST 02-10] IRELAND – Irish pension funds have been given an extra six months to state how they might address any shortfall to their minimum funding standards, as current market conditions mean three out of four schemes would be considered underfunded if wound up.
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Swiss funds still favour real estate
[16:55 CEST 01-10] SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.
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Pensions see surplus gains, but then again...
[16:25 CEST 01-10] UK – Figures issued by pension consultants have highlighted the volatility of existing pensions accounting as some calculations indicate the UK’s major listed company pension schemes shifted from a pensions deficit to a substantial pensions surplus on market turbulence and bond pricing, while another firm has calculated ...
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NAPF queries IASB's 'radical tidying' of pensions accounting
UK – The National Association of Pensions Funds (NAPF) has attacked proposals from the International Accounting Standards Board to change the way employee pensions are accounted as being pre-emptive and of being far more radical than what was supposed to be an interim assessment of a larger review.
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Shake-up changes SGAM head
[15:15 CEST 30-09] FRANCE – Alain Clot is moving into a new role and Jean-Pierre Mustier is to become the head chief executive of Société Genérale Asset Management, in a series of major changes to the group’s senior management.
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Lehman’s asset management sold to private equity
[13:00 CEST 30-09] GLOBAL – The bulk of Lehman Brothers’ asset management business, including the private equity division Neuburger Berman, is being moved into a new independent company carrying the Neuburger name, in a deal won by two private equity firms and its senior management.
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NewsPension funds keep watch over Fortis
[16:55 CEST 29-09] EUROPE – European pension funds will be keeping a watching brief over Fortis Investments in the coming months after today’s developments at its parent company, as a significant number of the firms either have mandates with the asset management arm or have recently held stocks in the ...
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Germany step in protect Hypo’s funds behind the funds (updated)
[16:00 CEST 29-09] GERMANY – A consortium of German banks has stepped in at the eleventh hour to provide Hypo Real Estate, a provider of loans and financing to real estate purchases and funds, with assets to meet its financing obligations.
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NewsSomerset replaces F&C as fixed income manager
[15:30 CEST 29-09] UK – Somerset County Council has appointed Standard Life Investments to officially manage a £200m fixed income mandate on behalf of the pension fund, having sacked F&C from the role.
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Merchant Navy treads fiduciary path (updated)
[17:00 CEST 26-09] UK – Executives of the UK’s Merchant Navy Officers’ Pension Funds have asked existing investment consultant Watson Wyatt to alter its duties and effectively deliver fiduciary management to the pension plans.
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NewsNorthants rehires Mercer in a new role
[16:40 CEST 26-09] UK – Northamptonshire County Council has hired Mercer an investment consultant to support its running of the pension fund, just weeks after appointing a new actuary to replace them.
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US court recognises TPR action on Sea Containers
[16:45 CEST 25-09] UK – The US bankruptcy court has effectively backed a demand on Sea Containers Ltd by the UK’s Pensions Regulator to recognise its financial support responsibilities for two UK pension funds, even though other creditors had argued otherwise.
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EC to regulate rating agencies
[16:30 CEST 25-09] EUROPE – European Commissioner for internal markets DG Charley McCreevy is set to unveil proposals for the regulation of ratings agencies but has warned against blaming hedge funds and private equity for recent troubles in the financial markets.
