All articles by Nyree Stewart – Page 16
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News
Merging LGPS 'impossible' for governance reasons
[13:00 CET 12-01] UK – The case for merging the administration of the Local Government Pension Scheme (LGPS) is strong enough to overcome any minor obstacles, however the practicalities of consolidating the investment side would be “difficult if not impossible”, according to a former manager of two LGPS schemes.
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News
Northern Rock creates separate pension plan for future accrual
[17:00 CET 11-01] UK – Northern Rock is launching a new pension plan for existing active members which offers the same benefits and terms as an existing £367.5m (€408.6m) defined benefit pension plan but then leaves past liabilities with the division known as the ‘bad bank’.
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News
Zurich and Swiss Re accept pension fund 'say on pay'
[13:00 CET 11-01] SWITZERLAND – Zurich Financial Services and Swiss Re have agreed to submit their remuneration reports to an advisory vote of shareholders at their next annual general meetings (AGM), following pressure from Swiss pension funds.
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News
NBIM begins search for environmental managers
[16:30 CET 08-01] NORWAY – Norges Bank Investment Management (NBIM) is seeking managers to run a series of mandates aimed at the environmental and sustainable resource sectors.
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News
Experts warn of cracks in pension NEST egg
UK – The new national workplace pension scheme that will begin operating early next year has been rebranded as the National Employment Savings Trust (NEST). However, pensions experts say they are still concerned about the impact of means-testing and the delay of full implementation until 2017.
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News
Bank recapitalisation assets hold back Irish state fund returns
[16:50 CET 07-01] IRELAND – The National Pension Reserve Fund grew by almost 11.6% in the final quarter to €22.3bn, preliminary end of year figures from the National Management Treasury Agency (NTMA) have revealed.
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News
UK government 'acting too slowly' on LGPS
[16:00 CET 07-01] UK – The department for communities and local government (CLG) has issued an informal consultation on draft amendments to clarify the Local Government Pension Scheme (LGPS) regulations. However there are concerns the government is not acting quickly enough to address the sustainability of the scheme.
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News
UK roundup: State Street, MP pensions, Fujitsu, Linklaters, Aero Engine
[15:30 CET 07-01] UK – Preliminary figures from State Street's defined benefit (DB) scheme results survey show an average 15% return, while the MP's pension scheme has appointed a legal adviser. Workers at Fujitsu are organising further strikes over the firm's pension scheme closure, Linklaters is to close its DB ...
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News
UK roundup: Newham and Ufi's PQM Plus award
[16:55 CET 06-01] UK – The London Borough of Newham has appointed a new actuarial and investment adviser for its pension fund, while Ufi has been awarded the National Association of Pension Fund's (NAPF) Pension Quality Mark (PQM) Plus.
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News
Irish managed funds rebound 20% in 2009
[16:35 CET 05-01] IRELAND – Irish managed pension funds clawed back some of the losses suffered in 2008 and produced a return of more than 20% in 2009, according to figures from consulting firms.
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News
UK pension funds predicted to return 14% in 2009
[16:00 CET 05-01] UK – The average UK pension fund produced an estimated weighted 14% average return on investments in 2009, compared with -13.8% return the previous year, according to figures from BNY Mellon Asset Servicing.
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News
UK roundup: PPF targets secondary private equity
[15:45 CET 05-01] UK - The Pension Protection Fund (PPF) is seeking investment managers to take advantage of opportunities in the secondary private equity market. It is also re-tendering its global custody contract while the London Borough of Tower Hamlets is seeking a multi-asset passive investment manager.
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Features
Corporate compliance
Corporate governance processes of institutional investors have come under the spotlight with the publication of two UK reviews. The Walker Review and the Financial Reporting Council’s (FRC) review of the UK Combined Code encourage greater shareholder engagement through a proposed Stewardship Code. But what impact will they have on pension ...
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News
Manifest to manage global voting for Sweden's AP1-4
[16:15 CET 04-01] SWEDEN – The first four Swedish pension buffer funds have appointed a global voting service provider to assist them with the expansion of their shareholder voting to more specific stocks.
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News
Call for UK pension rules to be standardised
[16:00 CET 04-01] UK – Rules allowing members of occupational defined contribution (DC) schemes to take benefits of less than £2,000 (€2,245) regardless of other pension savings should be extended to contract-based DC schemes, according to the Association of British Insurers (ABI).
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News
Wednesday people roundup
[14:30 CET 23-12] GLOBAL – Union Investment, Gothaer Asset Management, Swiss Canton of Wallis (PKWAL), IVG Immobilien AG.
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News
UK, Danish and Swiss investors launch manager search (updated)
[13:30 CET 23-12] IPE QUEST – Three institutional investors, including two European pension funds, are looking to hire asset managers for specialist investment mandates, using IPE Quest.
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News
Industry predictions for 2010
[13:00 CET 23-12] GLOBAL – The last 12 months has seen a significant amount of volatility in investment markets, starting the year with large market falls but ending with a mostly strong recovery. But what do the industry experts predict for 2010?
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News
PPF appoints global equity managers
[16:30 CET 22-12] UK – The Pension Protection Fund (PPF) has confirmed the appointment of seven global equity managers to help manage its assets.
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News
SSgA wins Clwyd absolute return mandate
[16:00 CET 22-12] UK – Flintshire County Council has appointed State Street Global Advisors (SSgA) to run a £20m (€22.4m) absolute return mandate for the Clwyd Pension Fund.