All articles by Nyree Stewart – Page 33
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NewsPension scheme investment hits £2bn in Q1
[17:05 CEST 03-07] UK – Net investment by self-administered pension funds increased by £14.8bn over the first quarter of 2009 to show a net result of £2bn (€2.33bn), the Office of National Statistics (ONS) has revealed.
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Kenny accepts another term as Ombudsman
[17:00 CEST 03-07] IRELAND – Paul Kenny has been reappointed for another term as the Pensions Ombudsman, the government has confirmed.
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NewsLancashire fund drops below £3bn
[17:00 CEST 03-07] UK – Lancashire County Council has revealed the value of its pension fund dropped more than £730m in the year to March 2009 to £2.93bn (€3.43bn).
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Irish managed funds post fourth consecutive gain
[17:05 CEST 02-07] IRELAND – Irish managed pension funds returned an average of 0.5% in June, resulting in an overall positive six months for the sector, Hewitt Associates has revealed.
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CLG consults on funding target changes to LGPS
[17:05 CEST 02-07] UK – The government is proposing two alternative approaches for local government pension schemes (LGPS) to meet solvency requirements from the 2010 valuation instead of relying on a 100% funding target, an informal consultation from the department for communities and local government (CLG) has revealed.
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Unpaid employer contributions almost double
[17:00 CEST 01-07] UK – The UK's Pension Advisory Service (TPAS) has reported a "worrying increase" in the number of enquiries to its helpline about the non-payment of pension contributions by employers.
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CofE consults on pension changes as defict hits £352m
[17:00 CEST 01-07] UK – The Church of England (CofE) has revealed the pension deficit of its Funded Clergy Pension Scheme had increased to £352m (€411.4m) by the end of 2008.
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NBIM outlines expectations on climate change
[16:55 CEST 01-07] NORWAY – Norges Bank Investment Management (NBIM) has published its draft expectations on corporate performance in relation to climate change mitigation and adaptation.
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Gjerstad and Båtsfjord retender pensions
[16:55 CEST 01-07] NORWAY – Two more Norwegian municipalities have re-tendered contracts for a provider to supply their local authority pension funds.
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TPR cancels consultant search
[16:50 CEST 01-07] UK – The Pensions Regulator (TPR) has cancelled a search for consultants in specialist disciplines such as design consultancy and business management following a review of the procurement process.
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TPR adds buyouts to toolkit as new code is finalised
[17:20 CEST 30-06] UK – The Pensions Regulator (TPR) has added a new module to its ‘Trustee Toolkit’ providing guidance on buy-ins and partial buy-outs to coincide with the publication of a code of practice relating to the ‘material detriment test’.
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Surrey dropped £463m in 2008-09
[17:20 CEST 30-06] UK – Surrey County Council has revealed its pension fund lost £463m (€544.5m) in 2008-09 as a result of the financial crisis, as the investment return on the fund was -24.7%.
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Hewitt awarded EC cross-border feasibility study
[17:15 CEST 30-06] EUROPE – The European Commission (EC) has appointed Hewitt Associates to conduct a feasibility study on the requirements for establishing a pan-European pension fund for researchers.
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Employer DC cuts puts more pressure on individuals
[17:00 CEST 30-06] UK – Almost three-quarters of occupational defined contribution (DC) members are saving "adequately", according to UK insurer Scottish Widows, however employers are gradually reducing their contributions and leaving employees to make up the shortfall.
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Nine in 10 delegate engagement to managers
[16:50 CEST 29-06] UK - Almost half of all UK pension funds intend to spend more time scrutinizing the actions of fund managers on engagement issues in the future, as 93% of schemes currently delegate engagement tasks to managers or third parties.
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Icelandic pensions lost 25% net in 2008
[16:30 CEST 29-06] ICELAND - The Pension Fund for State Employees (LSR) and pension fund for nurses (LH), the largest pension fund in Iceland, has reported a net real return of -25.2% in 2008.
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Staffordshire awards currency mandate
[16:15 CEST 29-06] UK – Staffordshire County Council has appointed Record Currency Management to run a specialist active currency overlay for its £1.69bn (€1.99bn) pension fund.
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Skedsmo appoints Storebrand to pension role
[16:00 CEST 26-06] NORWAY – The municipality of Skedsmo has awarded the contract for its occupational pension scheme to Storebrand, while three other kommunes have re-tendered their pension contracts.
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EC takes action against Italy, Denmark and Finland
[15:30 CEST 26-06] EUROPE - The European Commission has taken the first step in legal action against Italy over failure to equalise pension ages for men and women in the civil service, while Denmark and Finland have been ordered to amend legislation to stop the discriminatory taxation of foreign pension ...
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Edinburgh Uni tenders admin, actuarial and investment
[15:00 CEST 26-06] UK – The University of Edinburgh is re-tendering the administration, actuarial and investment services for its £155m (€181m) Staff Benefits Scheme (SBS).
