All articles by Nyree Stewart – Page 24
-
NewsIrish managed funds gain 27.5% in seven months
[17:05 CEST 05-10] IRELAND – The performance of Irish managed pension funds improved for the seventh month in a row as they returned an average 2.6% in September, according to figures from Rubicon Investment Consulting.
-
News
LAs leave 25% of class action settlements unclaimed
[17:05 CEST 05-10] UK – Local authority pension schemes could be losing up to £125m (€136m) by not participating in class actions, a report from the Goal Group has claimed.
-
NewsNBIM wants more accountability from UK directors
[16:55 CEST 02-10] NORWAY/UK – Norges Bank Investment Management (NBIM), responsible for managing the assets of the NOK2.5trn (€290bn) Government Pension Fund – Global, has supported recommendations from the Walker Review for increased accountability but officials say they want it to go further.
-
News
Norway targets US firms over combined CEO role
[16:50 CEST 02-10] NORWAY – Norges Bank Investment Management (NBIM) has for the first time submitted shareholder proposals to four US companies requiring them to have an independent chairman.
-
News
DWP to allow non-UK schemes for auto-enrolment
[17:00 CEST 01-10] UK – The government has confirmed non-UK pension schemes can be used for auto-enrolment purposes from 2012, although it stressed it would amend regulations to exclude non-European Economic Area (EEA) schemes if there are suggestions of an unacceptable risk to member benefits.
-
News
IBM modifies pension changes after UK member backlash
[16:55 CEST 01-10] UK – Unite, the trade union, has claimed IBM will delay changes to their UK final salary pension scheme following a "backlash from thousands of employees", though argued the revisions do not go far enough.
-
News
UK employers may avoid certifying 'borderline' DC
[16:40 CEST 01-10] UK – Employers operating defined contribution (DC) schemes on the "borderline" of meeting the quality requirements for the 2012 reforms may be less likely to use self-certification because of cost issues, Hymans Robertson has suggested.
-
News
Babcock edges closer to completing longevity deals
[16:10 CEST 01-10] UK – Babcock International has completed a second tranche of longevity swap arrangements with Credit Suisse, but this time relating to the Rosyth Royal Dockyard Pension Scheme.
-
News
North Yorks pension pulls out of pressured GTAA
[16:00 CEST 01-10] UK – The £1.04bn (€1.14bn) North Yorkshire Pension Fund has formally withdrawn its investment in a Global Tactical Asset Allocation (GTAA) strategy run by UBS, and from the asset class as a whole.
-
News
PPF cap reduction 'punishing' 90% of UK schemes
[15:30 CEST 01-10] UK – Proposals by the Pension Protection Fund (PPF) to halve the cap on the risk-based levy could be seen as a punishment by the other 90% of schemes which are not affected by the change, consultants have warned.
-
Features
Iceland’s crisis fund
Icelandic pension funds are in the process of finalising details of the Icelandic Investment Fund (IIF), which will invest in domestic businesses that have suffered in the economic crisis. Hrafn Magnússon, managing director of the Icelandic Pension Funds Association (IPFA), an umbrella organisation for 33 pension funds, revealed that the IIF is expected to have funds of between ISK 50-75bn (€275-413m) to invest in companies in all economic sectors.
-
News
Finnish pensions may recover quickly
[17:05 CEST 29-09] FINLAND – Finnish pension insurance companies may see investment incomes in 2009 recover the significant losses from last year quicker than expected, although there is still a need for people to work longer, Ilmarinen has claimed.
-
News
MNOPF completes £500m buy-in with Lucida
[16:55 CEST 29-09] UK – The Merchant Navy Officers Pension Fund has completed a £500m (€548m) buy-in with insurer Lucida, covering the pension liabilities of 22,000 retired members.
-
News
BAA seeks actuarial advice
[16:50 CEST 29-09] UK – BAA Airports Limited is seeking an actuarial consultant to provide advice to both its defined benefit (DB) and defined contribution (DC) schemes.
-
News
Employers not budgeting for 2012 auto-enrolment
[17:10 CEST 28-09] UK – Employers claim payroll costs could increase by 3-4% if they auto-enrol staff into existing workplace pension schemes, yet just 32% of those planning to take this step from 2012 have so far budgeted for the change, the Association of Consulting Actuaries (ACA) has revealed.
-
News
UK pension investment rose £3.4bn in Q2
[17:05 CEST 28-09] UK – Self-administered pension funds increased net investment by £3.4bn (€3.7bn) in the second quarter of this year, according to latest figures from the Office of National Statistics (ONS).
-
News
SAUL to recruit independent trustee
[16:50 CEST 28-09] UK – SAUL Trustee Company, the trustee body of the University of London's support staff pension scheme, has advertised for an independent trustee to sit on both the board and the investment committee.
-
News
Finnish pension providers show strength in recession
[16:35 CEST 25-09] FINLAND – Finanssivalvonta, the Finnish Financial Supervisory Authority (FIN-FSA), has claimed the country's financial sector could cope with a "very severe recession", following the results of stress tests on the capital adequacy of banks and pension insurance companies.
-
News
Three in four Irish workers expect retirement delay
[16:00 CEST 25-09] IRELAND/UK – The financial crisis is causing workers to think about delaying retirement, with almost three-quarters of Irish employees claiming they cannot afford to retire, research from Peninsula Ireland has revealed.
-
News
UK court rules default pension age is legal
UK – The UK High Court has ruled in favour of the government and confirmed the decision to adopt a default retirement age was "legitimate and proportionate", though it warned a review of the regulations next year should consider whether the use of an age 65 retirement date can be ...
