All articles by Nyree Stewart – Page 11
-
News
Custody roundup: BA, Vopak, First UK bus, Home Retail, Lancashire
EUROPE – British Airways has reappointed State Street to provide custody services, JP Morgan has won three new custody contracts in the UK and Netherlands, and Lancashire County Council is seeking a new custody provider for its local government pension scheme (LGPS).
-
News
UK roundup: North Yorks, Aggregate Industries, Woolworths, CN Group
UK – North Yorkshire has issued a tender for a bond manager to run a £120m (€133m) portfolio, and Aggregate Industries has completed two insurance deals with PIC.
-
News
UK funding update: DB deficit improves to £15bn
UK – The aggregate funding position of almost 7,400 defined benefit (DB) schemes in the UK improved by more than £36bn (€39.7bn) in February and posted a deficit of £15.1bn, according to the latest research from the Pension Protection Fund (PPF).
-
News
FTSE 350 deficits would take up to five years' earnings to clear
UK – Almost 50% of companies in the FTSE 350 that operate a defined benefit (DB) scheme could pay off the deficit with less than six months earnings. But eight companies, including British Airways, BT Group and ITV would require more than five years of full earnings, a study by ...
-
News
Just one in six UK employees to increase pension contributions
UK – Less than a fifth of employees who already saving in a pension intend to increase their contributions in the next year, according to research from the UK's National Association of Pensions Funds (NAPF).
-
News
Finnish pension reforms look 'promising' - OECD
FINLAND – Research published by the OECD suggests proposals to increase the lower boundary of the Finnish earnings-related pension age range from 63 to 65 years of age would increase pension wealth for low to average earners until the age of 66.
-
News
UK roundup: South Yorkshire, Norfolk
UK – South Yorkshire Pensions Authority (SYPA) has appointed a corporate bond manager for its local government pension scheme, while Norfolk County Council is seeking a passive UK equity manager for its pension fund.
-
News
Irish funds recover January losses
IRELAND – Irish managed pension funds posted a return of around 1.4% in February, pulling back from a 1.1% loss the previous month, research from consultancy firms has revealed.
-
News
Success of Irish reforms will be detailed implementation, say experts
IRELAND – Implementation of the Irish government's pensions framework will require "much additional work", according to pensions experts, as there is a lot of detail still to be clarified on areas such as auto-enrolment, tax relief and the future shape of defined benefit (DB) schemes.
-
News
UK roundup: E.on, ITV, Fujitsu, Warwickshire, Bedford, Hertfordshire, Newham
UK – The £5bn (€5.5bn) E.on UK pension scheme has appointed Cardano as its investment adviser, while ITV has reported its pension deficit more than doubled to £436m in the last year.
-
News
AIB members accept changes to DB scheme
IRELAND/UK – IBOA, the finance trade union, said members working for AIB Group have voted to accept the proposed changes to the defined benefit (DB) and hybrid pension schemes, following a formal ballot.
-
News
Norway upgrades ethical guidelines for Global fund
NORWAY – The Norwegian Ministry of Finance has confirmed the existing ethical guidelines used by the Government Pension Fund – Global are to be replaced with two new sets of guidelines on responsible investment, following a review last year.
-
News
Irish regulator may gain power over pension scheme investment
IRELAND – The Pensions Board could be given new powers relating to the investment approaches adopted by pension trustees, such as the use of lifestyling, and the option of licensing defined benefit (DB) schemes, in an attempt to protect scheme members from future turbulence in financial markets.
-
Features
Pension fund returns bounce back in 2009
Improvements in global markets from March 2009 resulted in the majority of European pension funds posting double-digit investment returns by the end of the year.
-
News
RSA moves from surplus to deficit following de-risking
UK – UK-based insurer Royal & Sun Alliance has reported a deficit on the group’s pension schemes of £262m (€293.3m) at the end of December 2009, which it mainly attributed to the impact of the de-risking of the UK schemes with longevity swaps in July last year.
-
News
Eircom DB changes will eliminate deficit
[16:45 CET 26-02] IRELAND – Eircom, Ireland’s largest telecoms operator, has agreed a deal with its trade unions that it claims will clear the pension deficit of €407m.
-
News
Pickering sees UK pensions pressure as result of 'silver bullet' search
[16:40 CET 26-02] UK – Pension regulation in the UK has become "intrusive and short-lived" because the private sector is being asked to provide against poverty instead of the state, and politicians are constantly trying to find the "silver bullet" to the retirement issues, Alan Pickering has claimed
-
NewsIncrease in products predicted to drive future cross-border market
[16:30 CET 26-02] EUROPE – Hewitt Associates has claimed a third of multi-national companies could have pan-European pension arrangements by 2015, as increased offerings from financial services providers could open the market to mid-sized companies.
-
NewsUK roundup: Isle of Wight, Babcock International
[17:05 CET 25-02] UK – Isle of Wight council has appointed four new investment managers for their local government pension scheme, meanwhile Babcock International is merging its defined contribution (DC) schemes with the help of Friends Provident.
-
News
UK DC contributions increase ahead of 2012
[17:00 CET 25-02] UK – Companies appear to be restructuring their defined contribution (DC) pension schemes ahead of the 2012 reforms to give higher contributions to employees who are engaged and contribute more themselves, according to Towers Watson.
