All articles by Nyree Stewart – Page 75
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News
AP6 acquires 25% share of Swedish fashion house
[16:00 CEST 08-05] SWEDEN - Sjätte AP-fonden (AP6), the Swedish pension buffer fund, has entered into a "long-term partnership" with Atlas Design, to make it Europe's "leading fashion house for accessories".
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Etera returns fall 3.8% in Q1
[13:30 CEST 08-05] FINLAND – Finnish pension funds saw disappointing first quarter returns as Etera Mutual Pension Insurance Company reported a negative return of -3.8%, while Valtion Eläkerahasto (VER), the Finnish state pension fund, reported a negative yield of -4.6%.
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Denmark to publish CSR action plan
[16:30 CEST 07-05] DENMARK - The Danish government is to publish an action plan which will outline how to meet the growing “expectations and challenges” of corporate social responsibility (CSR) in mid-May.
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PensionDanmark reviews its asset allocation
[16:00 CEST 07-05] DENMARK - PensionDanmark, the €10bn pension fund, will change its asset allocation over the coming months and reduce in its allocation to fixed income and diversifying assets.
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News
Credit crunch shifts Icelandic pensions strategy
[15:00 CEST 06-02] ICELAND - The effects of the credit crunch on the Icelandic economy has forced pension funds to abandon long-term strategy and think 'tactically', the Engineers Pension Fund has claimed.
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News
Canada Life extends protection to standard annuities
[11:30 CEST 06-05] UK – Canada Life is now offering annuity protection across all of its conventional annuity products, not just enhanced annuities, which would provide dependents a lump-sum payment if the policyholder dies before they are 75.
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Irish managed funds make positive gains
[17:05 CEST 02-05] IRELAND – Irish managed pension funds have reported returns of 4.4% in April, a significant improvement from the negative return of -11.4 in the first quarter of 2008, Hewitt Associates has revealed.
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News
PPF sets out revised trustee role
[16:45 CEST 02-05] UK – Revised guidance to help trustees understand their responsibilities when applying to enter the Pension Protection Fund (PPF) has been put out for consultation.
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News
EMI trustees hand over funding issues to TPR
[13:15 CEST 02-05] UK – Trustees of the EMI group pension scheme have approached The Pension Regulator (TPR) for help in agreeing a funding arrangement with EMI and its private equity owners, Terra Firma.
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News
Volatility could trigger rise in company insolvencies
[16:35 CEST 01-05] UK – The combination of recent market volatility and an expected slowdown in UK economic growth is likely to result in higher corporate insolvencies over the next 12 months, according to the Pension Protection Fund.
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News
DC contributions must double - IAPF
[15:30 CEST 01-05] IRELAND – Members of defined contribution (DC) schemes need to more than double their contributions to ensure an adequate retirement, according to the Irish Association of Pension Funds (IAPF).
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NewsNPRF falls by €1.8bn in Q1
[14:00 CEST 01-05] IRELAND – The National Pensions Reserve Fund (NPRF) saw a negative return in the first quarter of 2008 of -10.5%, which has wiped €1.8bn from its value.
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News
L&G completes BBA £270m buyout
[13:00 CEST 01-05] UK - BBA Pension Trustees has completed a £270m (€343m) partial buy-out deal with Legal & General to insure the benefits of almost 6,000 pensioners.
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NewsClwyd seeks external investment advisers
[16:30 CEST 30-04] UK – Flintshire County Council is looking to appoint a number of providers of external investment advisory services for the £889m (€1.1bn) Clwyd pension fund.
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News
Gap in Irish wind-up regs creates 'major problem'
[16:15 CEST 30-04] UK/IRELAND – A gap in Irish pensions legislation regarding the treatment of members when a scheme is wound-up is a "major problem", according to the Irish Association of Pension Funds (IAPF).
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NewsEconomic cycle could lead to 'widespread' opting-out
[16:05 CEST 30-04] UK – Widespread opting out of personal accounts "cannot be ruled out" given the current economic conditions, the president of the Pensions Management Institute (PMI) has warned.
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NewsDC communication should be 'priority' ahead of 2012
[12:00 CEST 30-04] UK – Improved communication to members of defined contribution (DC) schemes needs to be a higher priority for trustees ahead of auto-enrolment in 2012, Aon Consulting has warned.
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News
PPF consults on equalisation of GMPs
[13:00 CEST 29-04] UK – The Pension Protection Fund (PPF) has issued a consultation discussing how trustees of schemes entering the assessment period should approach the equalisation of Guaranteed Minimum Pension (GMP) benefits between men and women.
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News
€16m cash injection cuts IAA deficit by €6.5m
[16:20 CEST 28-04] IRELAND – The Irish Aviation Authority has reduced the deficit on its defined benefit scheme by only €6.5m, despite additional cash contributions of more than €16m in 2007.
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NewsStatutory defence planned against TPR powers
[14:00 CEST 28-04] UK – Extensions to The Pensions Regulator's (TPR) anti-avoidance powers will be subject to certain "safeguards" including a "statutory defence" against the tests for issuing a contribution notices.
