All articles by Julie Henderson – Page 31
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News
PGGM taps into CLO market
[16:25 CEST 20-08] GLOBAL – PGGM, the asset manager to the Netherlands healthcare pension fund PFZW, has extended its structured credit investment strategy and signed to a $2.5bn (€3.2bn) trade finance agreement with Standard Chartered Bank (SCB) on some of its loans business.
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News
Go ordered to honour Maltacom pensions promise
MALTA – Former employees of Cable and Wireless (C&W) Malta have won a court battle to receive backdated pensions rights from now owners of the firm Go plc, after being promised their entitlement in an government-endorsed agreement in 1975.
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News
Trustee consultant Pickering to switch sides
[13:30 CEST 18-08] UK – Alan Pickering, a partner at Watson Wyatt and a long-standing adviser to pension fund trustees, is leaving the firm at the end of the year to switch sides and becoming a trustee as well as chairman of Bestrustees.
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News
Gilt index event ups liabilities by £9bn
[17:00 CEST 15-08] UK – The liabilities of pension funds with FTSE 100 sponsors are likely to have risen by £9bn (€11.4bn) in the last two weeks as the five-year anniversary of a single index-linked gilt is forcing almost all passive asset managers to sell the asset and rebalance their ...
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News
UK regulator fines Credit Suisse over 'rogue traders'
[17:00 CEST 13-08] UK – Credit Suisse has been hit with a £5.6m (€7m) fine from the UK’s Financial Services Authority for failing to keep an eye on activity inside its business which led to the “mis-marking and mis-pricing” of some of its asset-backed securities.
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News
GM and Deloitte to pay $300m settlement
[16:55 CEST 12-08] GLOBAL – US car manufacturer General Motors Corp and its auditor Deloitte & Touche have agreed to pay institutional investors, including pension funds, $303m (€202m) as settlement to a securities class action suit.
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News
Longevity risk higher on TLP derivatives - MPL
[14:30 CEST 11-08] GLOBAL – Pensions funds are being advised to invest traded life policy funds as part of a strategy to hedge longevity rather than buy direct or opt for TLP derivatives, as a supplier to European pension funds argues only half of the risk is being hedged in ...
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News
Skandia's int'l arm to unveil new Swedish pension
[16:45 CEST 08-08] SWEDEN – Skandia International will unveil a new pension plan for the Swedish pensions market later this month allowing employers to give executives access to a wider range of pensions investments, but which will is not part of the Skandia Liv offering.
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News
Ealing re-tenders pensions investment consulting
[15:45 CEST 08-08] UK – The London Borough of Ealing is reviewing Mercer’s position as investment consultant to the pension fund, in line with its regulatory duty to do so.
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NewsFSA tells insurers to speed up annuity transfers
[16:45 CEST 31-07] UK – The UK’s financial services regulator, the Financial Services Authority has revealed the process of transferring pensions annuity cases between at insurance companies is being delayed in over 60% of cases in part because participants are confused by the forms to be completed.
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News
UK business warns of pensions retreat to MFR
[15:00 CEST 31-07] UK – Business leaders have warned increasing regulatory pressure on the UK defined benefit pensions market could force a slide back towards the application of a Minimum Funding Requirement.
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News
Flynn to share BoI pensions experience
[15:00 CEST 30-07] IRELAND – Frank Flynn, former head of group pensions at the Bank of Ireland, has opened a pension consultancy business to share his expertise with businesses and pension funds reviewing their pensions strategies and governance.
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News
NU nets half its missing trawlermen members
[14:15 CEST 30-07] UK – UK life insurance firm Norwich Union is still attempting to track down over 6,000 people who were thought to be members of the UK trawlermen defined benefit (DB) pension schemes, after it was found some members had never received payouts.
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News
Changes at the top for Hewitt’s consultancy
[16:45 CEST 29-07] GLOBAL – Perry Brandorff and Roger Parkin are stepping down from their roles as heads of Hewitt Associates’ global and European consulting businesses, after over 25 years with the firm.
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News
Entering IPE Awards 'boosted member relations'
[16:20 CEST 28-07] EUROPE – Officials at a Swedish pension fund have told pension fund executive the winning of an IPE European Pension Fund Award added “real value” to their relations with members, so entries are now being invited for this year’s event.
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News
FTSE 100 pensions yet to review VaR target
[16:40 CEST 25-07] UK – Only a handful of pension funds linked to FTSE 100 are reviewing their Value at Risk (VarR) target and so many are increasing the risk to corporate balance sheets, according to research conducted by accounting firm Deloitte.
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News
BoNYM to service APG’s GTAA assets
[15:45 CEST 25-07] NETHERLANDS – APG Investments, the asset management arm of the giant ABP pension fund, has appointed Bank of New York Mellon to manage the asset administration for its global tactical asset allocation strategy.
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News
Industry-wide fund searches for high-yield gains
[13:00 CEST 25-07] EUROPE – An industry-wide continental European pension fund is seeking to hire a global high-yield fixed income provider to manage a $80m (€51m) mandate, using IPE Quest.
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News
Saving should be the new investing - BlackRock
[17:00 CEST 24-07] EUROPE – A study into the attitudes of pension scheme members has revealed many individuals are put off by messages suggesting pensions are an investment, and are more amenable to the concept if described as ‘savings’.
