All articles by Nyree Stewart – Page 65

  • News

    Storfjord seeks provider for state scheme

    2008-08-19T11:00:00Z

    [12:00 CEST 19-08] NORWAY – Storfjord kommune is seeking a pension provider to run the state occupational pension fund for the municipality.

  • News

    Trustees must 'vet' buyout firms on future reliability

    2008-08-19T10:00:00Z

    [11:00 CEST 19-08] UK – Trustees and scheme sponsors need to set clear objectives and conduct "thorough due diligence" on buyout firms when looking to reduce pension risk to avoid "costly errors", Mercer has warned.

  • News

    Buyouts and future of DC top trustee worries

    2008-08-18T13:00:00Z

    [14:00 CEST 18-08] UK – Pension buyouts and the future of defined contribution (DC) schemes are the biggest concerns for pension fund trustees, research from Aberdeen Asset Managers has revealed.

  • News

    Norway fund grows to €253bn in July

    2008-08-15T15:45:00Z

    [16:45 CEST 15-08] NORWAY – The value of the Norwegian Government Pension Fund – Global increased to NOK 2.019trn (€253bn) in July, following a brief slump in June.

  • News

    Top four Icelandic banks have "solid" base

    2008-08-15T15:30:00Z

    [16:30 CEST 15-08] ICELAND - The four largest commercial banks in Iceland have all passed the regular "stress test" of the Icelandic Financial Supervisory Authority (FME), which calculates the ability of institutions to withstand "considerable" financial shocks.

  • News

    KBC to establish international expat fund

    2008-08-14T15:30:00Z

    [16:30 CEST 14-08] BELGIUM – KBC, the banking and insurance group, is in the process of establishing a new international pension scheme for its expatriate employees, which could eventually become pan-European.

  • News

    Hereford and Worcester see deficits rise

    2008-08-14T15:15:00Z

    [16:15 CEST 14-08] UK – Volatility in the investment markets has increased pension deficits relating to the Worcestershire County Council Pension Fund over the last year.

  • News

    Finnish funds report negative returns in H1

    2008-08-14T14:45:00Z

    [15:45 CEST 14-08] FINLAND – The €28.6bn Varma Mutual Pension Insurance Company, the largest private sector pension provider in Finland, has reported a negative return on investments of -3.8% in the first half of 2008.

  • News

    UN pension fund sees $1.5bn first half loss

    2008-08-14T14:40:00Z

    [15:40 CEST 14-08] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported a loss of 1.7% in the second quarter of 2008, resulting in a fall of $1.5bn (€1bn) in the first six months of the year.

  • News

    Swedish financial system faces 'significant challenges'

    2008-08-13T15:50:00Z

    [16:50 CEST 13-08] SWEDEN - The Finansinpektionen (FI) has warned while the Swedish financial system has "fared well" in the current market environment, there is "no guarantee" the firms it supervises will not suffer difficulties.

  • News

    PPF enhances its own ESG strategy

    2008-08-13T15:45:00Z

    [16:45 CEST 13-08] UK – The Pension Protection Fund (PPF) has appointed F&C Investments to offer advice on responsible investment and provide voting and engagement services.

  • News

    Finnish church and LGPI agree admin deal

    2008-08-12T15:40:00Z

    [16:40 CEST 12-08] FINLAND – The Central Church of Finland pension fund has agreed a deal to transfer the administration of its scheme to the Local Government Pensions Institution between 2008 and 2011.

  • News

    UK pension funds co-lead in Lehman Bros action

    2008-08-12T15:35:00Z

    [16:30 CEST 12-08] UK – Lothian Pension Fund and the Northern Ireland Local Government Officer Superannuation Committee (NILGOSC) have been appointed co-lead plaintiffs in a class action against Lehman Brothers concerning losses relating to the sub-prime crisis.

  • Analysis: Do members care where the money comes from?
    Analysis

    Analysis: Do members care where the money comes from?

    2008-08-12T15:25:00Z

    [16:25 CEST 12-08] UK/EUROPE - Attempts to introduce an ethical investment policy to the £4.3bn (€5.5bn) Merseyside Pension Fund (MPF) have so far met with failure, however the latest resolution passed by Liverpool City Council in July may just be "bland" enough to allow scheme members to have a say ...

  • News

    Danish schemes given until 2009 for CSR compliance

    2008-08-12T15:10:00Z

    [16:10 CEST 12-08] DENMARK – Danish pension funds will have until the end of 2009 to comply with new legislation requiring the inclusion of corporate and social responsibility (CSR) activity in the management's review of the annual report.

  • News

    £32bn wiped from DB schemes in July - PPF

    2008-08-11T15:55:00Z

    [16:55 CEST 11-08] UK – The total funding position of almost 7,800 defined benefit (DB) pension schemes was reduced by over £32bn (€41bn) in July, according to the Pension Protection Fund (PPF).

  • News

    British Energy denies buyout plan

    2008-08-11T15:40:00Z

    [16:40 CEST 11-08] UK – British Energy has denied it is planning to buy out its pension schemes in an attempt to improve its position as a possible takeover target.

  • News

    F&C's uncertain future leads to institutional outflows

    2008-08-07T15:30:00Z

    [15:30 CEST 07-08] UK – F&C Asset Management reported net institutional outflows of £1.9bn (€2.4bn) in the first half of 2008, following uncertainty over the future corporate structure of the business.

  • News

    BALPA lands a deal to end to pensions strike

    2008-08-07T15:20:00Z

    [15:20 CEST 07-08] UK – The GMB trade union has called off the second day of a strike by members of the British Air Line Pilots Association (BALPA) over pay and pensions following a new offer from BALPA.

  • News

    Irish managed funds fall 21% in a year

    2008-08-06T14:00:00Z

    [15:00 CEST 06-08] IRELAND – The average Irish managed pension fund fell 2.6% in July, bringing the average annual return down to -21.4%, Hewitt Associates has revealed.