All articles by Nyree Stewart – Page 35
-
NewsPension funds push for expert on mining board
[16:40 CEST 18-06] GLOBAL - A resolution, proposed by European and American pension funds, to appoint an independent environment expert to the board of mining company Freeport McMoRan received the support of 32.5% of shareholders.
-
NewsCapita bolsters offering with Gissings deal
[16:20 CEST 18-06] UK – Capita Hartshead has acquired Gissings Consultancy Services in a move designed to bolster and improve its existing services.
-
NewsManagers predict early recovery
[17:25 CEST 17-06] GLOBAL – Fund managers are now more optimistic about investment markets for the next 12 months, as just 7% predict there will be a global recession compared to 70% in April, although on a regional basis European managers appears much more sceptical, revealed the Merrill Lynch monthly ...
-
NewsIreland cuts former ministers' pensions by 25%
[17:20 CEST 17-06] IRELAND – The government has confirmed former ministers still serving as members of parliament (TDs) and currently in receipt of a ministerial pension will see their benefits cut by 25%.
-
News
Norway-Global passes NOK2.3trn in May
[17:20 CEST 17-06] NORWAY – The value of the Norwegian Government Pension Fund – Global has increased for the third consecutive month to reach NOK 2.308trn (€258.9bn).
-
NewsAuto-enrolment will provide 'small' savings boost
[17:15 CEST 16-06] UK – Pension reforms designed to auto-enrol eligible employees into qualifying workplace pension plans will only produce a "relatively small" increase in overall pension savings, the Institute for Fiscal Studies (IFS) has warned.
-
NewsMEPs launch legal challenge over reforms
[17:10 CEST 16-06] EUROPE – Members of the ABSL voluntary pension fund for Members of the European Parliament (MEPs) have launched a legal action against the European Parliament over changes to the pension scheme.
-
News
Pension costs deter private sector bids
[17:05 CEST 16-06] UK – The government needs to “level the playing field” and stop private sector companies having to pay up to three times as much in pension costs than the public sector following staff transfers, the Confederation of British Industry (CBI) has warned.
-
News
Management at state firms 'should switch to DC' - Finnish report
[17:00 CEST 16-06] FINLAND – An independent working group established to review remuneration and pensions at Finnish state-owned companies has recommended that all existing schemes should be replaced with defined contribution (DC) pensions.
-
NewsTories table pension tax relief amendments
[17:10 CEST 15-06] UK – Proposed amendments to the Finance Bill 2009 to limit the impact of anti-forestalling measures ahead of the reduction of higher rate tax relief on pension contributions from 2011 have been introduced by Conservative MPs.
-
News'Prudent' pension accounting adds £40bn
[17:10 CEST 15-06] UK – The voluntary adoption of prudent accounting assumptions when calculating pension liabilities has already added an additional £40bn (€47bn) onto UK company balance sheets, and future changes to accounting rules could impact companies by a further £70bn, KPMG has warned.
-
NewsIreland unveils uni pension transfer details
[17:05 CEST 15-06] IRELAND – A government Bill outlining provisions for the transfer of assets from 14 university and state body pension schemes to the National Pension Reserve Fund (NPRF) has confirmed the value of the assets will offset government contributions to the fund.
-
NewsScots gov't to pay for backdated police pensions
[17:15 CEST 12-06] UK – The Scottish government has confirmed it will pay an additional £20m (€23.4m) to fund the cost of backdating police pension commutation arrangements to 1 December 2006 following the results of a judicial review.
-
News
Britannia files high court claim against advisers
[17:15 CEST 12-06] UK – The pension fund of the Britannia Building Society has filed a High Court claim against some of its advisers related to allegedly negligent equalisation advice.
-
NewsStrathclyde deficit hits £2.6bn
[17:15 CEST 12-06] UK – Strathclyde Pension Fund is moving forward with changes to its investment strategy, with the appointment of two absolute return bond managers and a tender search for a transition manager, as its deficit hits £2.6bn (€3.04bn).
-
News
Merseyside drops 17.7% in 2008-09
[16:55 CEST 12-06] UK – The Merseyside Pension Fund posted an annual return of -17.7% for the year ending March 2009, equivalent to a decline of £800m (€938m).
-
News
Public sector liabilities hit £1.1trn
[17:20 CEST 11-06] UK – Unfunded public sector pension liabilities have reached £1.1trn (€1.29trn), according to research by the Policy Exchange, leading to calls for the arrangements to be switched to a funded basis through the creation of a new public sector pension body.
-
News
Kensington awards custody mandate
[17:10 CEST 11-06] UK – The Royal Borough of Kensington and Chelsea (RBKC) has appointed Northern Trust as the custodian to its local government pension scheme.
-
News
Northern Rock deficit revised to £60m
[17:05 CEST 11-06] UK – Trustees of the Northern Rock Pension Scheme have revised the estimated deficit in the plan down from £100m to £60m (€71m) following a provisional funding agreement with the government, subject to review later in the year.
-
News
Economic downturn has halted pensions saving
[17:05 CEST 10-06] GLOBAL – The economic downturn has led more than one in 10 of the global population to stop saving for retirement , HSBC has revealed.
