All articles by Nyree Stewart – Page 36

  • News

    Oxfordshire seeks actuarial services

    2009-06-10T15:35:00Z

    [16:35 CEST 10-06] UK – Oxfordshire County Council is seeking an actuary for its £796m (€925m) local government pension scheme.

  • News

    Tories propose to abolish compulsory annuities

    2009-06-10T15:30:00Z

    [16:30 CEST 10-06] UK – The Conservative Party has claimed it will abolish compulsory annuitisation at age 75 if they win the next general election, as part of an effort to "rebuild our savings culture".

  • News

    SSRB consults on future of MP pensions

    2009-06-10T15:10:00Z

    [16:10 CEST 10-06] UK – The Senior Salaries Review Board (SSRB) has issued a consultation to gather feedback on the future of the Parliamentary Contributory Pension Fund (PCPF), which includes proposals for reducing costs and the possibility of switching to a different pension arrangement.

  • News

    Rio Tinto awards State Street custody mandate

    2009-06-09T16:20:00Z

    [17:20 CEST 09-06] UK/US – Mining company Rio Tinto has appointed State Street to provide global custodian services for its pension funds in the UK, US and Canada.

  • News

    Average Danish retirement age drops to 63

    2009-06-09T16:15:00Z

    [17:15 CEST 09-06] DENMARK – The average retirement age in Denmark fell by almost two years between 1992 and 2008, according to a new study by Forsikring & Pension, the Danish Insurance Association (DIA).

  • News

    BIS rejects 'Royal Mail sale is dead' claim

    2009-06-09T16:10:00Z

    [17:10 CEST 09-06] UK – The Department for Business, Innovation and Skills (BIS) has rejected reports suggesting the part-privatisation section of the Postal Services Bill has been scrapped, claiming all three parts of the Bill will go ahead as a "package", albeit with a potential delay.

  • News

    DB deficit sees £9bn improvement in May

    2009-06-09T16:10:00Z

    [17:10 CEST 09-06] UK – The aggregate funding position of around 7,400 defined benefit (DB) schemes has improved by just over £9bn to a deficit of £179.3bn, according to the Pension Protection Fund (PPF).

  • News

    Workplace healthcare 'key' to delaying retirement

    2009-06-08T16:15:00Z

    [17:15 CEST 08-06] FINLAND – The average retirement age for employees would increase by a year if “effective occupational health care schemes” are provided at all workplaces, the Central Organisation of Finnish Trade Unions (SAK) has claimed.

  • News

    Royal Mail may shut scheme if gov't Bill fails

    2009-06-08T16:15:00Z

    [17:20 CEST 08-06] UK – Royal Mail has warned it may be forced to close its £20bn (€22.98bn) defined benefit (DB) scheme if the government's plans for a part-privatisation of the company fail.

  • News

    Eagle lands in pensions hot seat

    2009-06-08T16:05:00Z

    [17:05 CEST 08-06] UK – Angela Eagle MP has become the 11th minister in charge of UK pensions, following a reshuffle of junior ministers performed in the wake of last week's cabinet reshuffle.

  • News

    Eq Life judicial review passes to next stage

    2009-05-28T14:30:00Z

    [15:30 CEST 28-05] UK – Equitable Life policyholders have been given permission to proceed with a full judicial review hearing, over the government's failure to implement the Parliamentary Ombudsman's recommendations on compensation.

  • News

    Somerset fund drops to £765m

    2009-05-27T16:10:00Z

    [17:10 CEST 27-05] UK – Provisional figures suggest the Somerset County Council pension fund made a loss of 28% in the 2008-09 financial year, as the value of the fund dropped to a low of £765m (€878.6m) by the end of March.

  • News

    PensionDanmark returns 0.2% in Q1

    2009-05-27T16:05:00Z

    [17:05 CEST 27-05] DENMARK – PensionDanmark has reported a positive net return of 0.2% in the first quarter of 2009, as the value of its premiums increased to DKK2.6bn (€349.3m).

  • News

    FRR seeks real estate and transition managers

    2009-05-26T16:00:00Z

    [17:00 CEST 27-05] FRANCE – The Fonds de Réserve pour les Retraites (FRR), the French pension reserve fund, has launched a search for four investment managers to run transition and real estate portfolios for the €26bn fund.

  • CBI calls for 'smoothing' in pension valuations
    News

    CBI calls for 'smoothing' in pension valuations

    2009-05-26T15:50:00Z

    [16:50 CEST 26-05] UK – The Confederation of British Industry (CBI) has claimed pure marked-to-market valuations "doesn't work for pensions schemes" and an "element of smoothing" should be introduced to protect balance sheets from extreme volatility.

  • ECB staff to strike over pensions
    News

    ECB staff to strike over pensions

    2009-05-26T15:15:00Z

    [16:15 CEST 26-05] EUROPE – Staff at the European Central bank (ECB) are planning to hold an initial 90-minute strike next month, in protest against the bank's "unilateral decision-making" concerning changes to its defined benefit (DB) pension fund.

  • DC assets see second month of growth
    News

    DC assets see second month of growth

    2009-05-26T13:45:00Z

    [14:45 CEST 26-05] UK – Defined contribution (DC) pension assets have grown for the second consecutive month to reach a combined total of £418m (€477bn), according to Aon Consulting,

  • News

    Ageing impact requires further fiscal 'squeeze'

    2009-05-22T16:15:00Z

    [17:15 CEST 22-05] UK – Existing plans by the government for fiscal tightening of 6.3% of GDP, or £90bn, over the next few years, to return the current budget to balance by 2017/18, is not sufficient to counter the costs of an ageing population, PricewaterhouseCooper (PwC) has warned.

  • BA's pension deficits hits £1.46bn
    News

    BA's pension deficits hits £1.46bn

    2009-05-22T16:15:00Z

    [17:15 CEST 22-05] UK – The aggregate accounting position of British Airways' (BA) two UK defined benefit (DB) schemes worsened by almost £1.2bn (€1.37bn) in the last financial year, to approximately £1.46bn.

  • IIGCC calls for more 'effective' carbon markets
    News

    IIGCC calls for more 'effective' carbon markets

    2009-05-22T16:10:00Z

    [17:10 CEST 22-05] EUROPE – The Institutional Investors Group on Climate Change (IIGCC) has proposed a number of measures to boost the effectiveness of carbon markets and raise money from the private sector to fund climate change mitigation.