All articles by Nyree Stewart – Page 67
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News
NPRF saw negative return of -12% in H1
[16:40 CEST 24-07] IRELAND – The National Pension Reserve Fund (NPRF) has reported a negative return of -12% in the first half of 2008.
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News
Two-thirds outsource admin despite TPR fears
[16:30 CEST 24-07] UK – Over two-thirds of employers with defined benefit (DB) schemes have outsourced their pensions administration to third-party providers, according to Aon Consulting, even as the UK regulator raised concerns about the level of skill among administrators.
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News
UN staff pension funding level hits 147%
[16:30 CEST 24-07] GLOBAL – The $40.6bn (€25.9bn) United Nations Joint Staff Pension Fund (UNJSPF) has reported a funding level of 147% and an actuarial surplus of 0.49% of pensionable remuneration.
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News
Towers Perrin takes risk management to "next level"
[16:10 CEST 24-07] EUROPE – Towers Perrin has created a new subsidiary to focus on the provision of advice on risk management services, including pension fund solutions which pull together the insurance and reinsurance market with the capital markets.
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News
Poor record-keeping could add 5% to buyout cost
[17:05 CEST 23-07] UK – The Pension Regulator (TPR) is targeting poor record keeping with a consultation on new proposals for "good practice" guidelines for trustees and administrators, as evidence suggests poor practice significantly adds to the scheme's costs.
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News
TPR powers could create pension "super-creditors"
[15:30 CEST 23-07] UK – Members of the House of Lords, the UK's upper parliamentary chamber, have warned new anti-avoidance powers given to The Pension Regulator (TPR) could lead to pension funds becoming "super-creditors" and would increase the risks of schemes joining the Pension Protection Fund (PPF).
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News
Demands for SWF transparency 'will fail'
[15:25 CEST 23-07] GLOBAL – Growing demands for transparency by sovereign wealth funds (SWFs) from recipient countries will fail unless more diplomacy is used, asset management giant State Street has claimed.
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News
TPR mortality delay "too late" for some funds
[15:30 CEST 22-07] UK – The Pensions Regulator's (TPR) decision to delay the introduction of a mortality "trigger" until the end of 2009 has come "too late" for some schemes, Watson Wyatt has claimed.
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News
Newsquest allocates 10% to hedge funds
[15:20 CEST 22-07] UK – Newsquest Pension Scheme has awarded two fund of hedge fund mandates, valued at £40m (€50m), which is equivalent to 10% of scheme assets.
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News
Aegon raises £250m against future UK pension profits
[15:50 CEST 22-07] UK/NETHERLANDS – AEGON has raised £250m (€315m) of core capital through a securitisation transaction on the future profits of its UK pension business AEGON Scottish Equitable.
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News
Shape of local government scheme in question
[16:15 CEST 21-07] UK – Three-quarters of local authority scheme representatives believe the Local Government Pension Scheme (LGPS) will no longer exist in its current form by 2012, Mercer has revealed.
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News
Bulk of UK schemes meet trustee requirement
[15:45 CEST 21-07] UK – Almost one-quarter of pension schemes have gone beyond the minimum legal requirement for the appointment of member-nominated trustees (MNTs) and have at least 50% of the board representing members, the Trades Union Congress (TUC) has claimed.
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News
Wandsworth to change the benchmark
[15:00 CEST 21-07] UK – Wandsworth Borough Council is seeking at least four new investment managers to run its pension fund portfolio. The move is an attempt to change the benchmark of the fund.
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News
Turkey reforms should remain "priority"
[13:30 CEST 21-07] TURKEY – Reform of the Turkish public pension system should "continue as a matter of priority", according to the OECD. Organisation for Economic Co-operation and Development (OECD).
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News
Trustees concerned over transfer incentives - TPR
[16:21 CEST 18-07] UK – Trustees were concerned about potential conflicts of interest in a third of cases where schemes have offered members an inducement or incentive to transfer out of the scheme or accept reduced benefits, The Pensions Regulator (TPR) has revealed.
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News
Ireland to review ethical investments
[13:57 CEST 18-07] IRELAND – The Irish government will examine ethical investment following increased calls for independent scrutiny of the National Pension Reserve Fund's (NPRF) holdings in companies operating in Zimbabwe.
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News
Swedish church fund shows faith in SAM
[15:31 CEST 17-07] SWEDEN – Svenska Kyrkans Pensionskassa, the Swedish Church Pension Fund, has allocated SEK250m (€26.3m) in global equities to Sustainable Asset Management (SAM).
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NewsKingston seeks transition manager for portfolio restructure
[14:14 CEST 17-07] UK – The Royal Borough of Kingston upon Thames is seeking a global transition management provider for its pension fund.
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NewsPersonal accounts charging structure splits industry
[11:51 CEST 17-07] UK – The charging structure for personal accounts has split the pensions industry, with life insurers preferring a combined charge, and other stakeholders favouring a single annual management charge (AMC)
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NewsBuckinghamshire seeks three new managers
[15:41 CEST 16-07] UK – Buckinghamshire County Council is searching for three new investment managers for its pension scheme, with the mandates valued up to £325m (€408m).
