All articles by Nyree Stewart – Page 77
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News
Personal accounts charges require 'trade-offs' - PPI
[16:50 CEST 17-04] UK – None of the charging structures proposed by the Personal Accounts Delivery Authority (PADA) in its recent consultation will meet all of the evaluation criteria, the Pension Policy Institute (PPI) has revealed.
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Cometa picks Allianz for absolute returns
[16:45 CEST 17-04] ITALY – Cometa, the pension fund for mechanical and engineering employees, has appointed Allianz Global Investors to manage a €406m absolute return mandate.
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Paternoster secures £400m PD pension plan
[16:45 CEST 17-04] UK – Paternoster has agreed a deal to take responsibility for the £400m of assets belonging to the Powell Duffryn (PD) Pension Plan in return for providing individual annuities to around 7,000 members.
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Schemes want hedge fund compliance in three years
[16:55 CEST 16-04] UK/GLOBAL – More than 50% of UK pension funds will require hedge fund managers to comply with best practice standards within three years, KPMG has revealed.
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Norway continues strategy despite fund falls
[16:40 CEST 16-04] NORWAY – The Norwegian Government Pension Fund – Global will continue with its plans to "expand its portfolio" and increase its equity allocation as it has a "higher risk-bearing capacity" than other pension funds, the governor of Norges Bank has claimed.
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Swedish pensions dropped SEK82bn in 2007
[11:00 CEST 16-04] SWEDEN – The Swedish pension system lost SEK82bn (€8.7bn) in 2007 following a fall in contributions and an increase in payouts, Försäkringskassan, the Swedish Social Security Agency, has revealed.
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Administration most popular pension industry
[15:00 CEST 15-04] UK - Employees working in industries such as public administration and defence are more likely to be members of a pension scheme than those working in catering, the UK's Office of National Statistics (ONS) has revealed.
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News
Hymans Robertson gives MPs pensions advice
[13:15 CEST 15-04] UK – The Parliamentary Contributory Pension Fund (PCPF) has appointed Hymans Robertson as its new investment adviser.
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NewsDWP extends TPR buyout powers
[12:30 CEST 15-04] UK – The UK government is to extend The Pension Regulator's (TPR) powers to enable it to force employers to pay contributions to a pension scheme if their actions "threaten the security of members' pensions".
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NewsIrish public sector pensions hit €75bn
[16:50 CEST 14-04] IRELAND – Brian Cowen, the Irish finance minister, has confirmed public sector pension liabilities are estimated to have reached €75bn in 2007.
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NewsDWP finalises CETV regs
[16:15 CEST 14-04] UK – The Department or Work and Pensions (DWP) has published the final regulations relating to the calculation of cash equivalent transfer values (CETVs).
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NewsPension Corporation agrees to TPR approval
[15:30 CEST 14-04] UK – Pension Corporation has agreed to abide by a proposal from The Pensions Regulator (TPR) stating it will not appoint a member of the firm as a trustee of the Telent pension scheme, without first gaining approval from the Regulator.
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News
Tube engineers threaten strike over pensions
[15:15 CEST 14-04] UK – Metronet staff have voted in favour of strike action, over a lack of certainty about future pension arrangements once the business is transferred to Transport for London (TfL).
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NewsIMF confident over Turkish reforms
[16:15 CEST 11-04] TURKEY – The International Monetary Fund (IMF) is "confident" that the structural reforms in the Turkish pension system, which are "absolutely important and necessary" for economic stability, "will go on".
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NewsOECD agrees 'restraint' on SWF security fears
[16:00 CEST 11-04] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has published guidance for countries on how to treat investment from sovereign wealth funds (SWFs) fairly, which recommends using "restraint" when protecting "essential security" interests.
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NewsOmbudsman wins court case against building firm
[15:15 CEST 11-04] IRELAND – Paul Kenny, the Pensions Ombudsman, has won a court order forcing a construction company to provide his office with records of employment, and has also initiated criminal proceedings against the firm for obstructing investigations.
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News
Hedge funds do not need direct regulation - FSA
[16:50 CEST 10-04] UK – Direct regulation of hedge funds is not "appropriate" as they "do not pose a systemic risk to financial stability", the UK Financial Services Authority (FSA) has claimed.
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NewsIndustriens awards £216m currency mandate
[16:50 CEST 10-04] DENMARK – Industriens Pensionsforsikring has awarded Investec Asset Management a £216m (€270m) active currency management mandate.
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NewsTPR updates employer debt guidance
[12:30 CEST 10-04] UK - The Pensions Regulator (TPR) has published updated guidance on multi-employer withdrawal arrangements, following amendments to government regulations on section 75 debt.
