All articles by Nyree Stewart – Page 44
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News
FI to roll traffic light model into barometer
[16:40 CEST 30-03] SWEDEN – Finansinspektionen (FI), the Swedish Financial Supervisory Authority, is incorporating its existing ‘traffic-light’ model of stress-testing into a new ‘insurance barometer’.
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News
Irish funds may have to consider the 'unthinkable'
[13:30 CEST 30-03] IRELAND – Attain Consulting has warned more ‘radical’ solutions to underfunding in Irish pension schemes may be needed, including the “unthinkable’ action of changing accrued benefits.
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News
Royal Mail trustees 'agnostic' about part-privatisation
[16:50 CET 27-03] UK – Trustees of the Royal Mail Pension Scheme have written to all 450,000 members to confirm it “has no position” on government plans for the part-privatisation of Royal Mail.
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News
ONS to monitor signs of DC 'levelling down'
[15:00 CET 27-03] UK – The Office of National Statistics (ONS) intends to monitor changes in the average level of employee and employer contribution rates to contracted-in defined contribution (DC) schemes to see if there are signs of “levelling down” ahead of 2012.
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News
NBIM wants improvement in child labour policies
[14:00 CET 27-03] NORWAY – Norges Bank Investment Management (NBIM) has revealed an "overall low" level of compliance with its expectations on children's rights across four investment sectors.
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News
Powys seeks global equity replacement
[12:00 CET 27-03] UK – Powys Council is seeking a global equity manager to manage a £27m (€28.9m) mandate, while the Royal borough of Kensington and Chelsea (RBKC) is tendering an actuarial contract.
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News
PPM sees info as priority for new Swedish authority
[16:50 CET 26-03] SWEDEN – The development of a new pension authority to cover both the state pension and the Premium Pension savings will be a “golden opportunity to increase knowledge and interest on pensions”, the Premium Pension Authority (PPM) has claimed.
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News
ICTU calls off pension strike to enter talks
[16:40 CET 26-03] IRELAND – The Irish Congress of Trade Unions (ICTU) has called off next week's planned one-day national strike over pensions, and is returning to talks with the government over the development of an "integrated national response".
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News
Norway targets ageing via an active workforce
[16:30 CET 26-03] NORWAY – Increasing labour market participation and extending working lives is a “key response” to the challenges of an ageing population that could see the number of people over the age of 67 double over the next 50 years.
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Features
Crisis blame game at NAPF conference
It was no surprise that the main focus of the UK National Association of Pension Funds (NAPF) annual investment conference was less on what strategies schemes can or should adopt and more on whether trustees were to blame for the current economic crisis.
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News
Unions ponder 'next steps' over Waterford pension
[17:00 CET 25-03] IRELAND – Trade unions are considering their next steps against the Irish government over the fate of Waterford Crystal pension fund, but may still pursue legal action concerning the enactment of EU pension rules.
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News
Finnish pensions to fall as bank predicts 5% GDP drop
[16:55 CET 25-03] FINLAND – Suomen Pankki, the Bank of Finland, has warned economic recovery has been delayed until 2010 and the value of pension funds will fall, as the predicted 5% growth in real GDP between 2008-10 is now expected to be a 5% decline.
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News
IAPF warns gov't against pension tax cuts
[16”50 CET 25-03] IRELAND – The Irish Association of Pension Funds (IAPF) has warned the government against cutting tax relief on pensions to provide short-term financing, in a pre-emptory move ahead of the Irish supplementary budget in April.
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News
Lothian to revise investment strategy
[17:20 CET 20-03] UK – An investment review of the Lothian pension fund is recommending changes to its investment strategy including an 11-percentage point increase in alternatives.
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News
Icelandic pension funds under investigation
[17:20 CET 20-03] ICELAND – Iceland's special prosecutor is investigating five pension funds over claims they exceeded the investment limits laid down by law.
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News
ATP to invest over €400m in timber
[17:20 CET 20-03] DENMARK – ATP has revealed it is planning to invest up to DKK3bn (€402m) in forestry investments for its portfolio, and has made the first step with the DKK180m acquisition of a piece of US forestry.
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News
Individual trustees at more risk of legal action
[17:10 CET 19-03] UK – A recent legal judgement could mean individual trustees are more at risk of legal action from scheme members than corporate trustees, Wragge & Co has warned.
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News
PPF consults on solution to s161 concerns
[17:10 CET 19-03] UK – The Pension Protection Fund (PPF) is consulting on a solution to address concerns regarding its powers to “disclaim” an investment contract when a scheme enters the PPF.
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News
ATP makes €300m foray into renewable energy
[17:05 CET 19-03] DENMARK – ATP Pension has invested $400m (€293.5m) in a global renewable energy fund which will target energy sources including solar and wind power.
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News
AP3 cuts management bonuses
[16:40 CET 19-03] SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has confirmed its chief executive has refunded a bonus paid in relation to 2007 performance and said no bonuses or ‘variable compensation’ will be paid to employees for 2008, in a bid to improve confidence in the fund.
