All articles by Nyree Stewart – Page 74
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NewsBank of Finland scheme appoints SSGA
[16:30 CEST 16-05] FINLAND – The €460m pension fund for Suomen Pankki, the Bank of Finland, has awarded a number of asset management mandates relating to real estate and equities.
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EU allows GPP auto-enrolment
[16:00 CEST 16-05] UK/EUROPE – The European Commission has confirmed employees can be auto-enrolled into contract-based group personal pensions (GPPs) when the new personal accounts regime comes into force in 2012.
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NewsIndustry criticises TPR mortality trigger
[15:45 CEST 16-05] UK – The Pension Regulator's (TPR) proposals to introduce a funding trigger based on long-cohort mortality assumptions has been criticised by the industry for going "one step too far".
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Royal Mail pension deficit could pass to UK taxpayers
[15:30 CEST 15-05] UK – The UK government could come under pressure to take on responsibility for Royal Mail's £3.4bn (€4.3bn) pension deficit to allow private investment to stop a "managed decline" of the firm, a report from Postcomm has warned.
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NewsFriends Prov secures first FTSE 100 'buy-in'
[14:45 CEST 15-05] UK – Friends Provident has completed the first FTSE 100 'buy-in' of a defined benefit (DB) pension scheme and signed a deal with Norwich Union valued at £350m (€439m).
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NewsBank of Finland scheme awards real estate mandate
[12:00 CEST 15-05] FINLAND – Suomen Pankki, the Bank of Finland pension fund, has awarded Aberdeen Property Investors a real estate mandate valued at approximately €10m.
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NewsCardiff seeks specialist currency manager
[11:30 CEST 15-05] UK – Cardiff County Council is seeking a manager for a specialist currency portfolio for the Cardiff & Vale of Glamorgan Pension Fund.
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Mining giant secures first FTSE 100 buyout
[16:00 CEST 14-05] UK – Paternoster has completed the first buyout of a FTSE 100 company after it agreed a deal with the mining company Lonmin.
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PPM considers charging fund managers
[13:00 CEST 14-05] SWEDEN – The Swedish Premium Pension Authority (PPM) is considering charging fund managers to join the list of funds available for individuals to choose in the national pension fund.
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Iceland falling behind on SRI issues
[12:00 CEST 14-05] SCANDINAVIA – Norway and Sweden are leading countries in the implementation of socially responsible investment (SRI), however Finland, Denmark and particularly Iceland are all "lagging behind", experts have claimed.
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PPF Index hits first surplus of 2008
[13:30 CEST 13-05] UK – The aggregate funding position of almost 7,800 defined benefit (DB) schemes has improved from a deficit in March to a surplus of £30.3bn (€38.3bn) at the end of April, the Pension Protection Fund (PPF) has revealed.
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AP4 finds replacement manager
[13:00 CEST 13-05] SWEDEN – Fjärde AP-fonden (AP4), one of the buffer funds for the Swedish national pension fund has appointed a new head of fixed income and currency to replace Leif Hässel.
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Berkshire Fire Authority seeks pensions admin
[12:30 CEST 13-05] UK – The Royal Berkshire Fire Authority is seeking a provider of pension and payroll services including administration of its pension schemes.
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UK pension fund mounts VAT challenge
[16:50 CEST 12-05] UK – The National Association of Pension Funds (NAPF) and the £8bn (€10.14bn) Wheels Common Investment Fund (WCIF) plan to bring a joint legal challenge against the UK government over the application of value added tax (VAT), which could result in £300m payout for the pension fund ...
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Credit crunch boosts buyout market
[15:00 CEST 12-05] UK – The pensions buyout market reached £2.2bn (€2.77bn) in the first quarter of 2008, driven by a reduction in price resulting from increased competition and the effects of the credit crunch, Aon Consulting has revealed.
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Ombudsman's legal warning over non-compliance
[12:30 CEST 12-05] IRELAND – Paul Kenny, the Pensions Ombudsman, has warned "non-co-operation or prevarication" by companies in relation to his investigations will be met with the "full force of the law" following a second legal victory.
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TPR tackles "critical stage" of retirement options
[16:40 CEST 08-05] UK – The Pensions Regulator (TPR) has published the first in a planned series of "good practice guidance" for the running of defined contribution (DC) schemes.
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Royal Mail admits "significant" deficit increases
[15:30 CEST 09-05] UK – Royal Mail has admitted the current £3.4bn (€4.3bn) deficit in its defined benefit (DB) pension scheme has "increased significantly" following changes in the market.
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Buyout market to pass £10bn in 2008
[14:00 CEST 09-08] UK – The buyout market will exceed £10bn (€12.6bn) in 2008, as at least 10 FTSE 100 companies are considering offloading their pension liabilities, Lane Clark & Peacock (LCP) has claimed.
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HMRC extends TCSP deadline over guidance delay
[13:30 CEST 09-05] UK – HM Revenue & Customs (HMRC) has again extended the deadline by which firms are required to register as a trust or company service provider (TCSP) under the new money laundering regulations, as updated guidance has been delayed.
