All articles by Nyree Stewart – Page 5
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NewsUK roundup: The Pensions Trust, Renishaw
UK – The Pensions Trust has awarded a contract for data administration services utilising specialist data analysis software, while the trustees of the Renishaw pension fund have appointed a consultant to administer its defined benefit (DB) scheme.
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UK roundup: Merseyside, Derbyshire, Towers Watson, Pensions Trust, Islington
UK – Merseyside Pension Fund is to start publishing an annual review of its responsible investment (RI) actions in the autumn, while Derbyshire County Council is searching for a custodian for its local government pension scheme (LGPS).
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EC postpones corporate governance review to June
EUROPE – The European Commission's green paper on corporate governance will now be published in the first week of June.
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Auto-enrolment still on track as new UK government rings changes
UK – The new coalition government in the UK has confirmed it will continue with existing plans for incoming auto-enrolment regulations, while its intentions to part-privatise Royal Mail has raised questions over the future of the organisation’s pension deficit.
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UK roundup: Hewitt Associates, DWP statistics, CIPFA
UK – Hewitt Associates has estimated a £1.2trn personal pension shortfall in individual retirement income, while the Department of Work and Pensions (DWP) has revealed occupational pension benefits made up a quarter of UK pensioners' income in 2008-09, and the Chartered Institute of Public Finance and Accountancy (CIPFA) has warned ...
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LGPS must adapt to avoid spending cuts – Mayer
UK – Public sector pension schemes will have to accept changes if they are to survive potential funding cuts, the London Pension Fund Authority (LPFA) has warned.
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11% of shareholders revolt over Shell tar sands resolution
GLOBAL – A pension fund-led shareholder resolution calling on Royal Dutch Shell to disclose more information about its involvement in Canadian tar sands projects has been defeated at the oil company's annual general meeting (AGM).
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Intesa Sanpaola deal builds State Street's Italian presence
ITALY/LUXEMBOURG – State Street Corporation has strengthened its presence in the securities services markets in Italy and Luxembourg with the acquisition of Intesa Sanpaolo's Securities Services (ISPSS) business.
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Pension managers to increase focus on data quality
UK – A study of some of the UK's largest pension schemes has revealed that accuracy of data and consistency in data security are two important concerns for scheme managers when assessing data management.
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UK roundup: ONS, Lincolnshire, Visteon trustees
UK – Membership of UK employer sponsored pension schemes dropped to 50% of the total workforce in 2009, according to latest figures from the Office of National Statistics (ONS).
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BNP Paribas hires ex-Fidelity institutional head for equities role
EUROPE – Michael Gordon has been appointed chief investment officer (CIO) for equities at BNP Paribas Asset Management, following his departure from Fidelity International Investments last year.
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NewsMan Group enters long-only market with GLG acquisition
UK – Hedge fund manager Man Group has acquired GLG Partners in a transaction valued at $1.6bn (€1.3bn) that will give Man Group its first access to the long-only market.
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Overseas equities drive up Icelandic pension assets
ICELAND – Net pension fund assets at the end of March increased by approximately ISK44bn to ISK1.846trn (€11.3bn) as the value of foreign equity investments increased, figures from the Central Bank of Iceland have revealed.
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Irish roundup: IAPF on DC contributions, PIPS guidance
IRELAND – Contribution levels set out in the National Pensions Framework will send out the wrong message to members of defined contribution (DC) schemes, the Irish Association of Pension Funds (IAPF) has warned.
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Japanese equities help Belgian schemes post positive Q1 return
BELGIUM – Pension funds in Belgium delivered an average return of 4.4% in the first quarter of 2010, according to a study by Mercer.
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Webb takes on role of UK pensions minister
UK – Steve Webb, the former shadow work and pensions spokesman for the Liberal Democrats, has been appointed minister for pensions.
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NPRF increases stake in AIB
IRELAND – The National Pension Reserve Fund (NPRF) has received almost two million shares in Allied Irish Banks (AIB) worth approximately €250m instead of an annual €280m cash payment.
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Investors see opportunities in secondary private equity
GLOBAL – Most institutional investors intend to either maintain or increase their allocation to private equity in 2010, according to research by SL Capital Partners.
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NewsUK roundup: Marks & Spencer, J Sainsbury, BT Group
UK – Marks & Spencer and J Sainsbury have announced agreements to help cut the deficit in defined benefit pension schemes through property partnerships. Elsewhere, BT has reported an increase in its pension deficit on an accounting basis.
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Barnier calls for EU-US convergence on financial oversight
EUROPE – Michel Barnier, EU Commissioner for the internal market and services, has claimed 2010 is the "year of convergence" and says legislation to strengthen the regulatory and supervisory systems for financial services will be implemented by next year.
