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UK roundup: IBM, UK Court of Appeal, Northumbrian Water, GMB

2015-07-29T14:55:00Z

US computer firm warns of $250m hit should appeal fail in UK court next year

IBM UK pension fund returns 19%

2006-06-08T03:50:00Z

UK – Computer giant IBM made a 19% return on its UK pension assets last year, according to a pensioner website.

IBM UK cleared by Pension Ombudsman

2004-10-29T03:06:00Z

UK – None of a series of complaints against computer giant IBM have been upheld by the Pensions Ombudsman, a pensioner group says.

IBM UK scheme members concerned

2004-09-24T03:48:00Z

UK – A group representing members of IBM’s UK pension schemes says it is “reasonable” for members to be concerned about the schemes’ outlook.

UK: Labour government seeks continuity with focus on boosting domestic investment

Top 1000 Pension Funds 2024

The Department for Work and Pensions will have its work cut out as the new Labour government starts a comprehensive pensions review

UK: Encouraging UK growth through consolidation

Top 1000 Pension Funds 2023

The UK government is pursuing plans to leverage pension assets to boost economic growth while generating best returns for members

IBM names UK pensions trustee board member

2006-12-20T15:58:24Z

UK – Computer giant IBM has appointed its European corporate treasurer Jean-Louis de Gandt to replace David Hershberg on the trustee board at the £4.9bn (€7.2bn) IBM UK Pensions Trust Ltd.

UK: Funding challenges amid continued market uncertainty

September 2021 (Magazine)

The UK’s pension regulator emphasises the need for schemes to focus on long-term planning, transparency and risk management

Merseyside, MNOPF join Norges and ABP in suing BP over oil spill

2014-07-11T09:51:00Z

Case over 2010 Deepwater Horizon accident claims company made ‘false, misleading’ statements

IBM US pension freeze prompts UK fears

2006-01-06T05:41:00Z

UK - Members of IBM’s UK pension fund may be fearing for their own plan after the computer giant's decision to freeze its US defined benefit plan, a pensioner representative has said.

IBM considers closure of UK DB scheme

2009-07-08T15:00:00Z

[16:00 CEST 08-07] UK – IBM, the computer manufacturer, has begun a consultation with its employees which could see the closure of its UK-based defined contribution pension scheme.

IBM's UK pension scheme 73% covered

February 2005 (Magazine)

UK: Consolidation remains controversial

September 2020 (Magazine)

Guidance on the long-awaited legislation setting out a regulatory framework for superfunds is finally released

IBM names UK pension trustee board director

2007-04-24T15:45:26Z

UK – Jonathan Ferrar is taking over from David Heath as director of the pension trustee board at computer colossus IBM’s £4.4bn (€6.5bn) UK pension fund.

IBM’s main UK scheme 73% covered – source

2005-01-18T03:28:00Z

UK – Computer giant IBM’s main UK final salary pension scheme was able to cover just 73% of its liabilities as at the end of 2003, according to a new actuarial valuation prepared by Watson Wyatt.

Closing days of DB schemes

February 2006 (Magazine)

Spiralling costs, regulatory obligations and longevity are among the critical factors putting final salary pension schemes on the proverbial chopping block. Recently, the £2.4bn (€3.5bn) ScottishPower pension fund joined the ranks of Rentokil, Philip Green’s Arcadia retail group and the Co-operative Group, after proposing to shut the doors of its ...

IBM set to change UK pension plans

2006-01-26T03:29:00Z

UK – Computer giant IBM is set to unveil proposed changes to its UK pension plans, just weeks after it said it would freeze its US defined benefit plan.

IBM trustee tells of battles with company

2006-08-22T16:00:15Z

EUROPE – A former member-nominated trustee at IBM’s £4.9bn (€7.2bn) UK pension fund says he feels the computer giant made his role more difficult through a lack of information.

IBM HR chief joins pension trustee board

2005-01-10T03:38:00Z

UK – Computer giant IBM has named Tony Marchak, its head of European human resources, to the board of its pension trustees.

BNP Paribas hires global relationship manager

2005-04-20T04:34:00Z

UK - BNP Paribas Securities Services has appointed IBM UK’s Kay Hayre to the role of global relationship manager covering financial intermediaries.