All articles by Julie Henderson – Page 32
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Shareholders called to step up chairmanship scrutiny
[16:25 CEST 23-07] UK/GLOBAL – Companies must expect more scrutiny and pressure from shareholders managing pension fund assets, according to officials at UK investment house Legal & General Investment Management, to ensure they act responsibly and efficiently in the interests of shareholders, staff and customers during the current economic climate.
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IPE seeks views on European trustee governance
[16:55 CEST 09-07] SURVEY - IPE has commissioned Brian Holden MBE, Chairman of Trustee Risk Managment’s Advisory Service, to undertake a major independent review of the governance principles and structures of European occupational pension funds.
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Manchester seeks property agent
[16:30 CEST 03-07] UK – The £9.6bn (€12bn) Greater Manchester pension fund is seeking a new property management firm to manage part of its real estate portfolio.
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Sainsbury trustees refute buyout shopping rumour
[15:00 CEST 01-07] UK – Trustees of the Sainsbury pension fund have denied they is seeking an immediate pensions buyout in light of fresh Qatari interest in the company, but have said they may will look again at all of the options.
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Czech Republic and Slovakia eye pension reforms (amended)
[14:30 CEST 26-07] EUROPE – The Czech parliament has finally approved changes to the pension system which will increase the State retirement age and incentivise savings in private plans, and Slovakia is planning to alter its private pension investment rules following pressure from the European Commission.
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CFA unveils global code of conduct
[16:00 CEST 26-06] GLOBAL – The Chartered Financial Analysts Institute is seeking to persuade all individuals who sit on the governing bodies of pension funds to improve governance by adhering to a global code of conduct for pension schemes.
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NewsTalking Point: Responsible investment or political interference?
TALKING POINT – Anglo American, the mining giant, issued a statement today on the back of widespread criticism about its plan to invest £200m ($400m) in a platinum mine in Zimbabwe.
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NewsPension opt-out ‘inducements’ to be outlawed
[17:00 CEST 24-06] UK – The UK government is making changes to the Pensions Bill which will prevent employers from encouraging or forcing employees to opt out of pensions saving.
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Hermes wins EMG delay at ASMI
[16:40 CEST 24-06] UK/NETHERLANDS – Hermes, the wholly-owned fund manager of the BT Pension Scheme, and other shareholders have used their collective power to force Dutch technology firm ASMI to delay a planned extraordinary shareholder meeting (EGM) being held next month.
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NewsNew classification to overhaul funds
[16:35 CEST 23-06] EUROPE – The European Fund and Asset Management Association (EFAMA) has unveiled a new classification for investment fund which it hopes will cope with the growth of evolving fund strategies by categorises funds based on their underlying portfolio structure and holdings.
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OECD queries SWF future spending plans
[16:45 CEST 20-06] UK – The Organisation for Economic Cooperation and Development (OECD) has questioned whether sovereign wealth funds are likely to be as willing to continue investing in the finance and real estate market over the coming years following the recent surge of credit crunch-related deals, as officials argue ...
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Aon revamps admin on expected employer calls
[15:45 CEST 20-06] UK - Aon Consulting is attempting to tap into what it believes will be a growing call for outsourced administration when pension reform come into force in 2012, by expanding and relaunching its admin team.
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Worried pension trustees step up covenant reviews
[17:00 CEST 18-06] UK – Pension scheme trustees are reviewing the strength of their existing employer covenants on pension plans on a more regular basis, as a report issued by consultancy Mercer reveals the number of schemes asking for independent covenant reviews has risen to 28%.
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Morgan Stanley axes 'award-winning' ETF team
[16:45 CEST 18-06] UK – Morgan Stanley has disbanded the renowned ETF research team, headed by Deborah Fuhr, as part of its move to cut jobs.
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Environment Agency and Somerset enters searches
[16:40 CEST 18-06] UK – The Environment Agency has begun a search for a firm to manage the administration of its two local government pension funds.
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Lords warned of 'qualifying earnings' risk
[15:40 CEST 17-06] UK –Professional bodies representing the UK pensions industry have collectively warned changes are needed to the current Pensions Bill because the current definition of ‘qualifying earnings’ limit creates a benefits chasm between the proposed personal accounts and existing employer-based schemes.
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ERAFP signs new president
[11:20 CEST 17-06] FRANCE - Jean-François Rocchi has been named this morning as president of France’s second-largest pension fund, the civil service supplementary pension scheme known as l’établissement de retraite additionnelle de la fonction publique (ERAFP).
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Talking point: Rows resurface over Solvency II (updated)
TALKING POINT EUROPE - There is widespread debate about whether a Solvency II-type arrangements should be placed on occupational pension funds, following fresh comments from French government and Dutch pension fund officials among others last week.
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News
IAMAs crown excellence in asset management
[16:55 CEST 13-06] EUROPE – Eleven Europe-based asset management firms, including Petercam Asset Management and Capital International, were rewarded last night for excellence in institutional asset management offerings, at the inaugural IPE-EDHEC Institutional Asset Management Awards.
