All articles by Shayla Walmsley – Page 14
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News
OMERS CEO goes in governance row
CANADA – Ontario Municipal Employees Retirement Scheme (OMERS) CEO Paul Haggis is to step down later this year after a disagreement over his role in the fund’s new governance structure.
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News
Pensions deal averts ITN strike
UK – Labour unions have called off two one-day strikes at television news broadcaster ITN after their members voted overwhelmingly to accept the station's revised pension fund proposals.
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Features
It's hot in Helsinki
Continued investor exuberance over Finnish real estate will depend on bigger, better portfolios and further expansion outside the capital, as Shayla Walmsley explains
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Features
Head for homes
It is boomtown – and not just in Berlin – but caveat investor: European residential has little to bind it as an asset sub-class, Shayla Walmsley finds
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News
Standard Life defends career-average plan
UK – Standard Life is standing by its decision to scrap its final salary scheme for 7,000 members amid allegations that they were ‘mis-sold’ the career-average scheme the UK insurer plans to replace it with.
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News
Slovak PM retreats on second-pillar pensions
SLOVAKIA – Private pension providers have welcomed the Slovak government’s decision to withdraw plans that would have diverted potential private pension contributions to the mandatory state-run PAYG scheme.
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News
UK regulator issues guidance on transfer ‘inducements’
UK - Pension funds are less likely to be accused of “tricking” scheme members into transferring out of defined benefit (DB) schemes following guidance issued by the regulator requiring scheme operators to inform members of the implications of transfer.
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News
Worldwide pensions assets hit €18trn
GLOBAL - Equities out-performance and widespread diversification into alternatives doubled pension fund assets over a 10-year period to $23.2trn(€17.8trn) at the end of 2006, according to investment consultants Watson Wyatt.
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News
UK civil service scheme reviews delivery options
UK - The civil service is tendering for a pension consultant to review the delivery of its pension arrangements.
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News
Little fundamental change seen in new UK transfer rules
UK - Pension schemes will calculate transfer values based on the likely cost to the scheme of providing the pension, according to a statement issued by the Department for Work and Pensions (DWP).
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News
Invesco and Black Rock win builders' fund mandates
UK – The £700m (€1.065bn) Building & Civil Engineering Benefits Scheme (B&CE) has awarded Invesco Perpetual with a £70m absolute return UK equity mandate recently.
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News
Williams takes over as global Mercer investment COO
GLOBAL - Mercer has promoted Cara Williams to chief operating officer of its investment consulting business. She replaces Jim Hiner, who retires after 20 years with the firm.
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News
Harrow PF splits €228m currency mandate
UK - The €587m Middlesex Borough of Harrow pension fund has split a £150m (€228m) mandate to manage currency overlay between Record Currency Management, a specialist firm, and Mellon Global Investments.
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News
WH Smith to close DB scheme to current members
UK – Major retailer WH Smith and newspaper distributor Smiths News are to close their defined-benefits (DB) pension funds to existing members.
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News
Final salary UK DB schemes will die out (amended)
UK - Final salary defined benefit (DB) pension funds will be completely closed to new members in the UK by 2012, according to a report published by consultancy Towers Perrin. (amends first and second paragraph)
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News
ITN revisits pension proposals under strike threat
UK - ITN says it will go back to the negotiating table after two trades unions voted to strike against the UK broadcaster’s plans to cut contributions to its final-salary scheme.
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News
UK civil service scheme in career average revamp
UK - Civil service pension proposals announced yesterday by the UK government will benefit civil servants whose salaries rise more slowly than average and those who leave before they retire.
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News
Church fund queries Burberry on ethics
UK - The body responsible for the Anglican Church’s pension fund has written to Burberry questioning the luxury retailer’s decision to relocate its Welsh manufacturing operations to the developing world.
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News
Romania introduces second-pillar pension scheme
ROMANIA - The parliament of Romania has introduced second-pillar pensions legislation – but potential providers have expressed doubts over its implementation.
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News
WM survey puts UK fund returns at 10% for 2006
UK - Pension funds in the UK finished 2006 with overall returns of 10%, WM Performance Services found in its latest survey, which covers two-thirds of the UK pension fund market.
