All articles by Julie Henderson – Page 40
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Evidence sees plan types divided on DC choices
[17:00 CET 07-12] UK - Pensions investor still face a “surfeit of choice” as seven out of 10 contract-based occupational defined contribution (DC) schemes give their members 20 or more funds to invest in, Watson Wyatt has found.
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'Lack of knowledge' to create high volatility – RCM
[16:50 CET 07-12] EUROPE – Pension fund investors are being warned there is likely to be even higher market volatility in 2008 until all parties within the finance sector understand the true value of investments such as asset-backed securities and structured products.
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NAPF talks legal battle over 'pensions' VAT
[16:30 CET 07-12] UK – UK-based pension funds are being urged by its representative body to launch a legal challenge to the government’s line on value-added tax (VAT) following a recent court ruling on when services are exempt.
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Structured products see Blue Sky thinking
[16:15 CET 07-12] UK – A specialist asset management firm has been launched the UK to tap into the growing interest towards structured products.
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Raising retirement ages is a start - Mercer
[15:45 CET 07-12] EUROPE – European governments are acting to tackle the growing pressure on retirement income, but doing so puts them at increase odds with their voters, according to consulting firm Mercer.
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Economies to be hit, but miss recession - OECD
[17:00 CET 06-12] GLOBAL – Economies are likely to see reduced growth as a result of the recent credit crisis and housing slowdowns in the US and Ireland but are expected to avoid a global recession, according to the OECD.
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Abn unveils ‘clean’ technology fund
[[17:00 CET 06-12] EUROPE - Abn Amro is launching a specialist fund designed to target investment opportunities in climate change and environment-related firms.
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Pensions Bill fails to address auto-enrolment
[16:30 CET 06-12] UK – Pensions experts have warned the UK government needs to do more to ensure there is a level playing field for the implementation of personal accounts in 2012, as current EU legislation suggests some defined contribution schemes will not be allowed to auto-enrol members.
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Legal threat to pensions arms trade decision
[15:30 CET 06-12] UK – Trade union officials have warned Merseyside pension fund could face a legal challenge over a recent decision by local authorities to continue the fund’s investment in companies selling armaments.
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McCreevy questions EU regulatory setup
[16:40 CET 05-12] EUROPE – The European Commissioner for Internal Markets and Services has raised concerns about the effectiveness of the financial services regulatory regime in light of the recent credit crisis, but doubts the prospect of an EU-wide regulatory body.
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AP7 moves to green energy plan
[16:15 CET 05-12] SWEDEN - The AP7 Swedish buffer fund, Sjunde AP-fonden, said it is planning to invest SEK3bn (€319.2m) in environmental technology in the next three years via two fund of funds mandates.
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Oxford takes a look at custody
[16:00 CET 05-12] UK – Oxfordshire County Council is reviewing Abn Amro Mellon Global Securities Services as its pension fund custodian, according to a tender notice just issued.
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Merseyside looks set to drop BGI mandate
[15:30 CET 05-12] UK – Barclays Global Investors could lose the contract to manage a UK equities mandate for the Merseyside pension fund, following a review of the local government scheme’s asset allocation strategy.
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Hermes gets pensions shakeup on CEO’s arrival
[16:55 CET 04-12] UK – Rupert Clarke has been confirmed today as the chief executive of Hermes, the asset manager owned by the BT pension fund, but fresh expansion plans for the group mean a new management team is being created to take responsibility for BT’s pension fund.
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Banks tells MPs 'we made mistakes' on credit crunch
[16:35 CET 04-12] GLOBAL – Executives from some of the world’s largest investment banks today admitted they may have made investment products so complex investors may not be fully aware of the risks of investing in package debt products, but denied MPs’ accusation the same institutions were ‘reckless’ in their ...
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'Northern Rock' cost public pensions £300m - Hermes
[16:00 CET 04-12] UK- Members of Parliament (MPs) have been told by pensions experts UK local government pension funds may have lost in the region of £300m (€450m) in value through the Northern Rock banking crisis.
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BT reveals Chessells' replacement
[14:40 CET 04-12] UK – Rod Kent has today been announced as the new chairman for the UK’s largest pension fund, replacing Sir Tim Chessells.
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France steps up the pace on SRI
[16:30 CET 03-12] FRANCE – French institutional investors are increasingly focusing on socially-responsible investment (SRI) and most institutions now expect it to play a role in their business strategy, suggests a study of investors.
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Consultancy to assist search for consultants
[16:00 CET 03-12] UK – A new consultancy service has been launched in the UK which is designed to advise pension funds regarding the selection of investment consultants.
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Suffolk CC signs currency managers
[13:00 CET 03-12] UK – Suffolk County Council has appointed two management firms to look currency overlay mandates totalling £500m (€700m) for the local authority’s £1.28bn pension fund.
