All articles by Nyree Stewart – Page 53
-
News
Norwegian municipalities award pension mandates
NORWAY – Three Norwegian municipalities have appointed providers for their state occupational pension schemes following re-tendering exercises.
-
News
Falkirk appoints LGIM for passive mandate
UK – Falkirk Council has awarded Legal and General Investment Management (LGIM) a £280m (€299m) passive mandate.
-
News
9% of DB schemes avoided risk levy
[16:00 CET 23-12] UK – One in 11 of the schemes eligible for entry into the Pension Protection Fund (PPF) paid no risk-based levy in the 2007/08 year, according to figures from the third version of the Pensions Universe Risk Profile (PURPLE) Book.
-
News
Illiquidity stops buyouts from hitting £10bn
[16:50 CET 22-12] UK – The buyout market is expected to miss the £10bn (€10.6bn) mark predicted earlier this year, following a lack of liquidity caused by the global financial crisis, according to Aon Consulting.
-
News
Nordic pension funds team up on ESG
[16:45 CET 22-12] SCANDINAVIA – Three pension companies from Finland, Norway and Sweden have joined together as the Nordic Engagement Cooperation (NEC) to coordinate engagement activities with companies on environmental, social and governance (ESG) issues.
-
News
NPRF to pay for €5.5bn bank bailout
[16:40 CET 22-12] IRELAND – The Irish government has confirmed it is to invest an initial €5.5bn into three banks, though the National Pension reserve Fund (NPRF) could earn up to €500m a year from the deal as it is expected to be the "main source of funding" for the ...
-
News
Danish pensions cut interest rates to 2.5%
[16:50 CET 19-12] DENMARK – Two Danish pension funds have confirmed the interest rates on customers' pension accounts will be cut to 2.5% in 2009.
-
News
Varma sells telecoms stake to Finnish gov't
[15:20 CET 19-12] FINLAND – Varma Mutual Insurance Pension Company has sold almost 10% of its shares in telecoms company Elisa Oyj to the Finnish government, in the completion of an earlier agreement.
-
News
BT staff vote to accept pension changes
[15:15 CET 19-12] UK – Members of the BT Pension Scheme involved in consultative ballots with the trade unions Connect and the Communication Workers Union (CWU) have voted to accept the pension package unveiled by the company earlier this year.
-
News
Ireland eases DB funding over market worries
[15:00 CET 19-12] IRELAND – The Irish government has announced a series of measures designed to ease funding pressures on defined benefit (DB) schemes following the recent market volatility.
-
News
Discount range leaves firms with accounting choice
[17:00 CET 18-12] EUROPE – Recent distortions to corporate bond yields, particularly among bonds in the financial sector, means the range of discount rates available to value pension liabilities could see results differing by around €2.5bn, Lane Clark & Peacock (LCP) has revealed.
-
News
Glasgow university seeks actuarial and admin support
[16:55 CET 18-12] UK – The University of Glasgow is seeking one or more providers for actuarial and consultancy services and scheme administration and related services for its pension scheme for non-academic staff.
-
News
RSA to develop low cost pension option
[16:50 CET 18-12] UK – The Royal Society for the Encouragement of the Arts Manufacture and Commerce (RSA) has confirmed it intends to develop a business plan for a new low-cost pension fund which it believes will fill a gap in the market.
-
News
UK life expectancy to 'level off' from 2021
[14:00 CET 18-12] UK – Life expectancy at the UK state pension age (SPA) will begin to "level off" between 2021 and 2051 for the average person, although members of the lower socio-economic groups, such as unskilled workers, could see life expectancy decline.
-
News
Pensions accounting should not aim to keep schemes open
UK – The Chartered Institute of Management Accountants (CIMA) has warned pension accounting standards should not be "artificially engineered" to help keep defined benefit schemes open.
-
News
BankPension to collaborate with letpension
[16:20 CET 17-12] DENMARK – BankPension has entered into a "strategic co-operation" with the individual pension company letpension to establish a joint management company.
-
News
TPR outlines protection against new powers
[16:00 CET 17-12] UK – The Pensions Regulator (TPR) has initiated a consultation on the code of practice for applying the "material detriment test" when deciding whether to issue a contribution notice.
-
News
Government to take on Royal Mail deficit
[13:00 CET 17-12] UK – The government has agreed with recommendations from an independent panel that it should take responsibility for Royal Mail's historic pension liabilities, as its deficit is currently estimated at £5.9bn (€6.6bn) and is making the firm "balance sheet insolvent".
-
News
Pensions forum: Supporting struggling economies and firms
[11:00 CET 11-12] EUROPE – The impact of the credit crunch and the resulting market volatility on financial institutions, in particular banks, has led a number of countries, and institutions to look to pension funds to bail them out, but do schemes agree?
-
NewsSweden advised to link retirement to longevity
[15:30 CET 05-12] SWEDEN – The Organisation for Economic Cooperation and Development (OECD) has suggested Sweden should consider linking the state retirement age to life expectancy.
