All articles by Nyree Stewart – Page 82
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News
UK to consult on conditional indexation ban
[15:30 CET 25-02] UK – The government has rejected an amendment to the Pensions Bill 2008 removing the ban on conditional indexation, in favour of a risk-sharing consultation to be issued in June.
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AnalysisAnalysis: Will shifting mortality assumptions kickstart longevity hedging?
UK - Improving longevity has become an increasingly important issue for pension trustees, as while schemes can hedge inflation and interest rate risk, pensioner longevity is not an easy liability to offset.
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News
Pensions get 'green light' over market turbulence
[16:20 CET 22-02] SWEDEN – The Finansinspektionen (FI) has confirmed no company received a red light under the Swedish traffic light system for the last quarter of 2007, despite market turbulence.
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News
Hammersmith & Fulham seek actuarial consultant
[16:00 CET 22-02] UK – The London Borough of Hammersmith & Fulham is seeking a new provider of actuarial services for its pension fund on a six-year contract.
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News
Fragile coalition could 'doom' Czech reforms
[13:30 CET 22-02] CZECH REPUBLIC – The 'fragile coalition" of the Czech government could "doom" planned pension reforms as potential rifts between the three coalition parties have already been highlighted, a risk consultancy has warned.
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News
Private equity pushes Ilmarinen returns to 5.7%
[12:30 CET 22-02] FINLAND – Ilmarinen achieved a net return of 5.7% on investments in 2007, driven by strong performances from private equity and hedge funds.
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News
Finansinspektionen given power to fine mutual funds
[15:45 CET 21-02] SWEDEN – The Swedish Government is to extend the powers of Finansinspektionen, the Swedish Financial Supervisory Authority, over mutual fund companies and give it the ability to issue fines of up to SEK 50m (€5.4m).
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News
Gov't to increase TPR powers over buyout fears
[12:00 CET 21-02] UK – The government is planning to increase the power of The Pensions Regulator (TPR) to appoint independent or professional trustees to schemes, to tackle concerns about the pensions buyout market.
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News
EC "invites" Greece and Ireland to speed up reforms
[11:00 CET 21-02] EUROPE – The European Commission has urged Ireland and Greece to bring forward pension reforms to limit the impact of longevity on public spending.
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News
AP1 outperforms benchmark in 2007
[16:30 CET 20-02] SWEDEN – Första AP-fonden, (AP1), the first Swedish national pension fund, outperformed its strategic benchmark in 2007, following net returns of 4.6%.
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News
PPF dismisses opposition to funding level increases
[15:00 CET 20-02] UK – The Pension Protection Fund (PPF) has confirmed the funding level at which schemes are exempt from the PPF levy will increase from 125% to 140% for the 2008/09 year, despite industry opposition.
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News
Trustees warned over money-laundering rules
[15:50 CET 19-02] UK – A lack of guidance from the government over new money laundering rules mean professional trustees have to choose between applying for an individual ruling from the government or facing "draconian" penalties, lawyers have warned.
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News
Lewisham allocates £20m to fund of hedge funds
[16:45 CET 19-02] UK – The London Borough of Lewisham Pension Fund is seeking a hedge fund of fund manager and a global equity manager following a restructure of the pension scheme.
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News
Mortality 'trigger' could increase liabilities by £75bn
[12:30 CET 19-02] UK – The Pension Regulator's decision to introduce a new funding 'trigger' based on mortality assumptions could increase pension liabilities by at least £75bn (€100bn) Aon Consulting has revealed.
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News
MPs told not to miss conditional indexation 'opportunity'
[16:00 CET 18-02] UK – MPs have been warned rejecting conditional indexation for UK pension schemes will lead to millions of private sector workers being exposed to increased volatility associated with defined contribution (DC) schemes in the run up to 2012.
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News
Sandler to decide fate of Northern Rock pension scheme
[15:30 CET 18-02] UK – The future of the Northern Rock pension scheme will depend on the new management team of the nationalised bank, HM Treasury has confirmed.
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NewsPPF changes could reduce number of eligible schemes
[12:00 CET 18-02] UK – Changes to mortality and discount rate assumptions in pension scheme valuations could result in fewer schemes entering the Pension Protection Fund (PPF) in future.
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News
Scotland consults on LGPS draft regs
[11:00 CET 18-02] UK – The Scottish Government is consulting on draft regulations for a new Local Government Pension Scheme (LGPS) which it claimed could save around £20m (€27m) per year.
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NewsAP4 misses 2007 performance target
[14:30 CET 15-02] SWEDEN – Fjärde AP-Fonden (AP4), the fourth Swedish national buffer fund, failed to meet performance targets for both absolute return and active management investments during 2007.
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NewsSomerset drops F&C as fixed interest manager
[14:00 CET 15-02] UK – Somerset County Council Pension Fund is looking for a new active fixed interest manager to replace F&C Asset Management.
