All articles by Nyree Stewart – Page 15
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News
UK pension funds saved from short-selling reform
[15:50 CET 26-01] UK – A proposed amendment to the UK Financial Services Bill 2009-10, which would require pension schemes to give express permission for their funds to be lent for short-selling purposes, has has been withdrawn after MPs described it as "blunt and inflexible".
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PPF's Churchill to head up NEST Corporation
[14:15 CET 26-01] UK – Lawrence Churchill, the current chair of the Pension Protection Fund (PPF), has been named as the chair designate of the NEST Corporation, the trustee board responsible for the new national pension scheme to be rolled out from next year.
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EHR unveils ideas to address ageing UK workforce
[16:10 CET 25-01] UK – Abolishing the default retirement age (DRA) alone will have "little impact" on extending people's working life, according to research from the Equality and Human Rights Commission.
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Pensions Board advises trustee to review admin focus
[16:00 CET 25-01] IRELAND – Trustees have been warned they must still resolve thier own administration issues even though administrators are now separetely regulated by the Pensions Board.
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Hammersmith explores 'intra London' admin service
[16:50 CET 22-01] UK – The London Borough of Hammersmith & Fulham is exploring the possibility of establishing an "intra-London authority" framework for pensions administration, as its existing mandate with the London Pensions Fund Authority (LPFA) is about to expire.
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Bank of Ireland reviews DB scheme over €1.5bn deficit
[16:15 CET 22-01] IRELAND – The Bank of Ireland (BOI) – one of two banks benefiting from the recapitalisation by the National Pension Reserve Fund (NPRF) - has confirmed it is in the early stages of a review of its defined benefit (DB) pension scheme.
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NPRF seeks investment director
[16:10 CET 22-01] IRELAND - The search has begun for a replacement for John Corrigan as investment director of the National Pension Reserve Fund (NPRF).
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LPFA assesses need for second currency mandate
[16:45 CET 22-01] UK – The £3.5bn (€4bn) London Pensions Fund Authority (LPFA) has held off from funding a second active currency mandate as officials are debating whether it would be preferable to invest in a broader mandate.
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UK roundup: NILGOSC and Pitman Trustees
[16:30 CET 21-01] UK – The Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) is seeking a global equity manager, while Pitmans Trustees has acquired the business of SBJ Professional Trustees.
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News
Icelandic pension fund assets estimated at €10bn
[16:20 CET 21-01] ICELAND – An increase in the value of domestic securities and Housing Financing Fund (HFF) bonds led Icelandic pension fund assets to rise by ISK18.8bn (€105.2m) in November 2009.
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Outsourcing trend drives Varma growth
[16:15 CET 21-01] FINLAND – Varma Mutual Insurance Pension Company saw its assets increase to €29.9bn by the end of 2009 after securing a number of new pension contracts from the university sector.
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NewsNPRF ponders use of absolute returns
[16:00 CET 21-01] IRELAND – Absolute return strategies are one of the potential asset classes under consideration by the National Pension Reserve Fund (NPRF) for future investment.
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News
FRC seeks overseas feedback on Stewardship Code
[16:30 CET 20-01] UK – The Financial Reporting Council (FRC) is urging cross-border investors to highlight any potential conflicts between the proposed Stewardship Code for institutional investors and existing requirements and codes in other countries.
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NewsWednesday people roundup
[16:00 CET 20-01] GLOBAL – Capital Cranfield Trustees, Hermes, Redington, UBS, IMA, Barings AM, MFS Investment Management, RWC Partners, Ignis AM, Russell Investments, Northern Trust
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NewsNorway-Global gives up tobacco
[15:45 CET 20-01] NORWAY – The Ministry of Finance has excluded 17 tobacco-producing companies from the investment universe of the Government Pension Fund – Global, and there is the possibility that still more could be removed.
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NewsFund managers to take more risks in 2010
[16:55 CET 19-01] GLOBAL – Fund managers now support the prospect of a lasting recovery, the latest monthly sentiment survey from BofA Merrill Lynch has revealed. Evidence suggests fewer investors expect to protect against a potential fall in equities over the next three months and will instead follow a trend ...
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News
Investment timing was key to Ilmarinen's 16% return
[16:55 CET 19-01] FINLAND – Ilmarinen pension insurance company has attributed a positive return of 15.8% in 2009 to the allocation and the timing of its investment strategy.
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News
Irish gov't gets final say on exclusion from PIPS
[16:50 CET 19-01] IRELAND – Pension schemes, businesses and employers that have "wilfully contributed" to a pension scheme deficit or insolvency could see the pension fund excluded from the new Pension Insolvency Payment Scheme (PIPS).
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News
Irish trustees offered online training
[16:15 CET 18-01] IRELAND – The Pensions Board has launched an e-learning system, to help trustees meet the training requirements coming into force next month.
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UK roundup - Dumfries, Reading University, Wirral, DSG
[15:45 CET 18-01] UK – Dumfries and Galloway Council pension fund have appointed two property managers, while Reading University is seeking a pension adviser.
