All articles by Nyree Stewart – Page 56
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News
Danish health workers need flexible pension - PKA
[13:00 CET 20-11] DENMARK - Pensionskassernes Administration (PKA) has highlighted the need for a more flexible pension for Denmark's health workers, to try and avoid a skills shortage in the future.
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Pension Corp to raise £400m for buyouts
[16:00 CET 19-11] UK – Pension Corporation has confirmed it is implementing a second round of equity fund raising with the aim of reaching £400m (€477m) to fund a pipeline of buyout business.
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SSgA wins Hillingdon's multi-asset mandate
[14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.
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Third of schemes are missing longevity training
[13:00 CET 19-11] UK – Over a third of schemes have yet to be trained on longevity issues, even though longevity is seen as the second biggest risk to pension funds after investment, Aberdeen Asset management has revealed.
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Waltham Forest seeks permanent investment adviser
[16:55 CET 18-11] UK – The London Borough of Waltham Forest is seeking an investment adviser to help develop a strategy for its £444.1m (€528.2m) pension fund.
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401(k) model could up pensions by 30%
[16:25 CET 18-11] UK - The Pension Policy Institute (PPI) has claimed introducing early access to pension savings on a ‘loans and withdrawals’ model similar to the US 401(k) could increase the aggregate size of pension funds by 30% by 2050.
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New PPF levy won't alter investment strategies
UK – Introducing investment risk as a factor in calculating the Pension Protection Fund (PPF) levy will not have a "significant effect" on pension schemes' investment strategies or on asset prices, the PPF has claimed.
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Norway global fund loses €3.2bn in month
[16:30 CET 17-11] NORWAY – The value of the Norwegian Government Pension Fund – Global declined NOK28bn (€3.2bn) in October following three months of growth.
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Swedish pension buffer drops 18%
[16:15 CET 17-11] SWEDEN – The buffer capital of Swedish pension companies fell by 18% in the third quarter, although the Finansinspektionen (FI) claimed they still have enough to meet the legal requirements.
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News
Thales consolidates admin with Xafinity
[16:00 CET 14-11] UK – The UK defined benefit (DB) pension fund of Thales, the electronics and systems group, has appointed Xafinity Paymaster to provide administration services to its scheme following a consolidation process.
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UK university slams pensions strike
[16:00 CET 14-11] UK – The University of Sussex has warned continued strikes by trade unions over changes to the £61m defined benefit (DB) scheme for support staff will not resolve the issues facing the fund.
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UK regulator starts personal accounts procurement
[16:00 CET 14-11] UK – The Pensions Regulator (TPR) has initiated the procurement process for a number of contracts needed to develop the employer compliance regime required for personal accounts from 2012.
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NewsKLP returns -1.3% as Norwegian stocks fall
[16:20 CET 13-11] NORWAY – Kommunal Landspensjonkasse (KLP), one of Norway's largest life insurance companies, has reported a return on capital of -1.3% for the third quarter, although its assets grew to NOK201.8bn (€22.7bn).
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NewsBT pension changes will save €119m a year
[16:20 CET 13-11] UK – British Telecom (BT) has revealed the proposed changes to its defined benefit pension scheme will save the firm around £100m (€119m) a year.
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NewsCrisis 'wipes €3.2trn off global pensions' (UPDATED)
[13:06 CET 13-11] GLOBAL - The financial crisis wiped over $4trn (€3.2trn) from global pension assets between January and October, according to the Organisation for Economic Co-operation and Development (OECD) (Updates with more detail).
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NewsUK consults on employer debt changes
[16:30 CET 12-11] UK – The UK's Department for Work and Pensions (DWP) has issued an informal consultation on whether to revise the rules relating to employer debt provisions.
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NewsVeritas head of asset management to retire
[16:30 CET 12-11] FINLAND – Veritas Pension Insurance has confirmed it has appointed a replacement for Thor Sourander, the vice president of asset management, when he retires at the beginning of December.
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NewsObama good for pension funds, says Hermes
[16:20 CET 11-11] GLOBAL – Incoming US President Barack Obama should be good for pension funds because he will seek more “accountable capitalism”, the head of Hermes’ corporate governance arm reckons.
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NewsAP7 chief appointed as Carnegie chair
SWEDEN – Peter Norman, chief executive of the Swedish pension fund AP7, has been appointed the new chairman of Carnegie Investment bank following its takeover by the Swedish National Debt Office.
