All articles by Nyree Stewart – Page 72
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NewsActuaries criticise dismissal of enhanced transfers
[16:00 CEST 06-06] UK – Enhanced transfer values can offer a genuine opportunity for members to receive a bigger pension and should not be automatically rejected, actuaries have claimed.
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NewsTeeside offers £1.75m direct property mandate
[15:45 CEST 06-06] UK – Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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IAPF warns of compulsory pensions 'havoc'
IRELAND – The Irish Association of Pension Funds (IAPF) has warned introducing compulsion to Irish pension schemes would “cause havoc”.
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UK considers move to conditional indexation
[16:30 CEST 05-06] UK – The Department for Work and Pensions (DWP) has issued a consultation on alternative ways to share risk in occupational pension schemes, including the potential for introducing conditional indexation.
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Delta agrees partial buyout with PIC
[14:45 CEST 05-06] UK – Delta has agreed a £451m (€571m)partial buyout with Pension Insurance Corporation (PIC) to insure the liabilities of existing pensioners.
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Managed funds hit second positive month
[13:30 CEST 05-06] IRELAND – Irish group managed pension funds delivered a second month of positive returns, with an average result of 0.2% in May.
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SWF ESG policy is not "political interference"
[13:15 CEST 05-06] NORWAY - The decision to exclude companies from the investment universe of a sovereign wealth fund (SWF) should not be seen as “undue political interference”, the Norwegian minister of finance has claimed.
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Regulatory compliance 'challenge' for UK and Netherlands
[16:15 CEST 04-06] GLOBAL – Around 45% of pension funds find it challenging to comply with pension regulation following increased complexity in governance requirements, according to SEI Global Institutional Solutions.
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OECD warns EU against pensions "complacency"
[15:00 CEST 04-06] EUROPE – The Organisation for Economic Co-operation and Development (OECD) has warned the European Parliament there should not be “complacency” on pensions, as at least four countries still need to make “major reform efforts”.
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AP3 restructures for alpha-beta separation
[14:30 CEST 04-06] SWEDEN – The Third Swedish National Pension Fund (AP3) is to restructure its asset management operations to enable the implementation of its alpha-beta separation strategy.
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Buyout surge is 'unsustainable' - Punter Southall
[12:00 CEST 04-06] UK – Current levels of buyout activity are "unsustainable and temporary" as insurance regulation will start pushing prices back up making it an unattractive option for schemes, Punter Southall has claimed.
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Schemes act on inflation despite surplus
[16:50 CEST 02-06] UK – Companies are increasingly turning to derivatives to protect scheme funding levels against inflation risk even though the top 200 private sector defined benefit (DB) schemes generated surpluses worth £6bn in May, Aon Consulting has revealed.
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Ireland urged to 'reconsider' annuity and funding policy
[15:30 CEST 02-06] IRELAND – The Irish government should reconsider the funding standards for pension funds and the requirements to purchase annuities as part of its framework for reform, the OECD has suggested.
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Legal 'certainty' needed over schemes' ESG duty
[12:00 CEST 30-05] EUROPE/GERMANY – Pension funds are calling for "legal certainty" over how sustainable development affects their fiduciary duty along with improvements to the quality of long-term sustainability information provided in company reports, a study commissioned by ASSET4 and the German government has revealed.
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EC eyes pan-European pensions for 'researchers'
[16:00 CEST 29-05] EUROPE – The European Commission has submitted a proposal suggesting companies should be encouraged to provide pan-European pension schemes for researchers working in the EU.
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Higher state pension 'more cost-effective'
[15:45 CEST 29-05] IRELAND – The Society of Actuaries in Ireland has called for an increase in the state pension, paid for by a rise in social security contributions, rather than introducing mandatory saving into a defined contribution scheme.
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1 in 4 schemes to fail TPR's 10-year plan
[15:35 CEST 29-05] UK – More than a quarter of lay trustees do not believe they will meet The Pension Regulator's expectations of clearing the defined benefit (DB) scheme deficit within the next decade, Aon Consulting has claimed.
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Northern Foods adopts LDI ahead of 'challenging' year
[16:25 CEST 28-05] UK – Northern Foods has confirmed it is at an "advanced stage" of developing a liability-driven investment (LDI) strategy for its £784m (£987m) defined benefit (DB) scheme, although it hinted that a buyout had not been completely ruled out.
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Swan Hill marks first PIC buyout
[15:30 CEST 28-05] UK – Pension Insurance Corporation (PIC) has completed its first full buyout of a pension scheme in a £72m (€91m) deal with Raven Mount to buyout the Swan Hill Pension Scheme.
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ONS admits underestimated pension figures
[13:00 CEST 28-05] UK – The Office of National Statistics (ONS) has withdrawn its latest update on Pension Trends, after admitting it miscalculated the estimates of private sector pension income by treating certain figures as monthly instead of weekly estimates.
