All articles by Nyree Stewart – Page 58
-
News
CMI issues final SAPS mortality tables
[16:55 CET 03-11] UK – The Actuarial Profession's Continuous Mortality Investigation (CMI) has published the final version of the first set of mortality tables based on pension scheme experience.
-
News
Avon targets full investment advice
[16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.
-
News
Builder arrested in Ombudsman court case
[16:00 CET 03-11] IRELAND – A legal action brought by the Pensions Ombudsman against the owner of O'Mahony Civil Engineering Limited for failing to provide payroll documentation will now be heard in November, after the employer was arrested and released on surety.
-
News
Etera drops €380m in Q3
[15:30 CET 31-10] FINLAND – Etera Mutual Insurance Company has reported its assets fell in value by €380m in the third quarter of 2008, while its overall negative investment return for the first nine months of 2008 has hit -9.9%.
-
News
UK pensions lose £383bn in 12 months
UK – Total losses for UK pension schemes for the 12 months to the end of October have reached £383bn (€488bn), Aon Consulting has claimed in its latest research.
-
News
Unilever deficit stays at 2007 level
[17:15 CET 30-10] GLOBAL – Unilever has reported the aggregate net deficit of its pension funds remains stable at €1.1bn, despite recent market turmoil.
-
News
Pension deficit figures not to be taken at 'face value'
[17:10 CET 30-10] UK – Recent figures estimating the current pension deficit of the FTSE350 pension schemes should not be taken at "face value", Hymans Robertson has warned.
-
News
Alcatel-Lucent schemes hit €3bn surplus
[17:10 CET 30-10] GLOBAL – Telecommunications company Alcatel-Lucent has reported an overall surplus in the funded status of its pension schemes of €2.997bn in its third quarter results.
-
News
ATP posts 1.4% negative return
[17:05 CET 30-10] DENMARK – ATP, Denmark’s largest pension fund, has reported a fall in its investments of DKK5.3bn (€725m) following negative investment returns for the first nine months of 2008 of -1.4%.
-
NewsCapital Dynamics wins West Midlands mandate
[17:00 CET 30-10] UK - The £6.8bn (€8.6bn) West Midlands Pension Fund has awarded a private equity mandate to Swiss firm Capital Dynamics.
-
News
Veritas and Tapiola report negative returns
[16:55 CET 29-10] FINLAND – Two more Finnish pension companies have reported negative returns for the first nine months of 2008, as Veritas Pension Insurance confirming a saw a negative investment return of -10% to the end of September.
-
News
Waltham Forest seeks pensions admin
[16:50 CET 29-10] UK – The London Borough of Waltham Forest is seeking a provider of pensions administration services for its £444.1m (€556.8m) pension fund.
-
News
PPF funding hits 91% despite missing target return
[16:45 CET 29-10] UK – The funding level of the Pension Protection Fund (PPF) improved in 2007/08 from 88% to 91%, despite reporting an annual investment return of 3.6%, which is 4.1 percentage points below its target benchmark.
-
News
Peers reject annuity rule suspension
[16:40 CET 29-10] UK – The UK government has rejected amendments to the Pensions Bill which would have allowed the temporary suspension of a requirement on pensioners to buy an annuity at age 75.
-
News
Varma loses €1.7bn in Q3
[16:05 CEST 24-10] FINLAND – The €26.9bn Varma Mutual Insurance Company has reported a loss of around €1.7bn in the third quarter of 2008, following continued poor investment returns.
-
News
PADA halfway through first £3.3m capital
[17:00 CEST 24-10] UK – The Personal Accounts Delivery Authority (PADA) has already spent more than half of the first capital injection of £3.3m (€4.07m) provided to the body by the government on staff costs and administration.
-
NewsNorway to extend emerging markets benchmark
[16:50 CEST 24-10] NORWAY – The NOK1.99trn (€222bn) Norwegian Government Pension Fund – Global has confirmed it is considering further investments in India as part of its strategy to invest in emerging markets.
-
News
Average UK employee is working longer
[16:45 CEST 24-10] UK – The average age that employees over the age of 50 withdraw from the workforce and retire has increased to 64.6 years for men and 61.9 years for women, latest figures from the Office of National Statistics (ONS) has revealed.
-
News
Norfolk and Staffs start manager search
[16:30 CEST 24-10] UK – Staffordshire and Norfolk County Councils have initiated searches for equity and bond managers for their local government pension schemes (LGPS).
-
News
TPR predicts market impact on recovery plans
[16:05 CESt 24-10] UK – The Pensions Regulator (TPR) has confirmed the current economic difficulties could result in schemes submitting recovery plans for 2009 that include larger deficits, weaker employer covenants and longer recovery periods.
