FINANCE -
May 22, 2012
NAPF Issues QE Warning
22 May 2012 (PLANSPONSOREurope.com) - The UK’s National Association of Pension Funds (NAPF) has urged to Government to think carefully about the negative impact of quantitative easing (QE) following recommendations made by International Monetary Fund (IMF)
FINANCE -
May 22, 2012
Royal Mail Pension Transfer Boosts Treasury Coffers by £28bn
22 May 2012 (PLANSPONSOREurope.com) - The coffers of the UK Treasury has received a £28bn cash boost in a one-off transfer as part of the transfer of the Royal Mail Pension Plan.
PEOPLE -
May 22, 2012
NAPF Picks Pomroy
22 May 2012 (PLANSPONSOREurope.com) - The UK’s National Association of Pension Funds (NAPF) has appointed Will Pomroy as Policy Lead: Corporate Governance.
PEOPLE -
May 22, 2012
FRR Hires New CIO
22 May 2012 (PLANSPONSOREurope.com) - French pension FRR has appointed Salwa Boussoukaya-Nasr as CIO.
FINANCE -
May 22, 2012
Swiss Pension Funds Miss Targets
22 May 2012 (PLANSPONSOREurope.com) - Coverage ratios
among Swiss pension funds have been hit by a failure to deliver required
yields, according to a survey from Swisscanto.
FINANCE -
May 22, 2012
AP7 Seeks Flexible Alpha Managers
22 May 2012 (PLANSPONSOREurope.com) - Swedish pension
fund AP7 is seeking flexible alpha managers that can finance their own
position, CIO Christian Ragnartz has told PLANSPONSOR Europe.
PRODUCTS -
May 21, 2012
Buoyant 2011 Performance for UK Bulk Annuity Market
21 May 2012 (PLANSPONSOREurope.com) - The UK’s bulk annuity market has performed buoyantly in 2011 than in recent years according to Aon Hewitt's annual review of the UK risk settlement market
PRODUCTS -
May 21, 2012
DB Schemes Investigate De-Risking Strategies
21 May 2012 (PLANSPONSOREurope.com) - As membership of Defined Benefits schemes declines pension schemes are increasingly investigating de-risking strategies, according to a report from Clear Path Analysis.
MARKETS -
May 21, 2012
Half of Brits Fail to Save Enough for Retirement
21 May 2012 (PLANSPONSOREurope.com) - Almost half of people in the UK are failing to save enough money for their retirement, according to a report from Scottish Widows.
RULES/REGS -
May 21, 2012
Aries Accuses HMRC of Failing to Keep Pension Tax Guidance Up to Date
21 May 2012 (PLANSPONSOREurope.com) - Aries Pension & Insurance Systems has slammed HMRC plans to merge four sets of pages in the Registered Pension Schemes Manual (RPSM), the UK government’s official guidance on pension tax legislation.
PEOPLE -
May 21, 2012
Senior Hires at Mercer
21 May 2012 (PLANSPONSOREurope.com) – Mercer has made two new senior appointments to its International Consulting Group.
MARKETS -
May 21, 2012
Pension Funds to Drive Risk Management Agenda
21 May 2012 (PLANSPONSOREurope.com) – The European pensions industry is set to experience a cultural change in which pension funds drive an agenda of risk management, according to Diogo Malato Moura from BNP Paribas.
RULES/REGS -
May 18, 2012
Gradual Dutch State Pension Age Increase Harder to Manage
18 May 2012 (PLANSPONSOREurope.com) – A gradual increase in the Netherlands’ state pension age rather than a one-off increase will be harder to manage for Dutch pension funds, a spokesperson for Dutch pension delivery organisation APG has told PLANSPONSOR Europe.
PRODUCTS -
May 18, 2012
Bulk Annuities Remain Cheaper Than Gilts
18 May 2012 (PLANSPONSOREurope.com) – Bulk annuities continue to be cheaper than gilts continuing a trend which began in mid-summer 2011, according to findings from Aon Hewitt’s Bulk Annuities Market Monitor.
PEOPLE -
May 18, 2012
UK Pensioners Unhappy With State Pension Exclusion
18 May 2012 (PLANSPONSOREurope.com) – UK pensioners are unhappy about being excluded from a new state pension restricted to just those who reach state pension age after 2015, according to Barnett Waddingham.
MARKETS -
May 18, 2012
Thousands to Attend Prague Pensions Protest
18 May 2012 (PLANSPONSOREurope.com) - The Czech Senior Council says it expects several thousand people to attend its first demonstration against planned lower increases in pensions.
RULES/REGS -
May 18, 2012
German Freelancers Must Have Choice on Pension Contributions
18 May 2012 (PLANSPONSOREurope.com) – Freelancers in Germany must be given freedom of choice over how they make pension contributions, Dr. Rolf Koschorrek, President of the German Federal Association of Liberal Professions has told PLANSPONSOR Europe.
FINANCE -
May 18, 2012
FTSE350 Pension Deficits Rise
18 May 2012 (PLANSPONSOREurope.com) – Collective pension deficits of the UK’s biggest companies have risen by £30bn since the start of May, according to Towers Watson.
FINANCE -
May 18, 2012
Choice Drives Pooled Pensions Performance for Unilever
18 May 2012 (PLANSPONSOREurope.com) – Freedom of choice is one of the key drivers of performance for Unilever’s pooled pension investment strategy, Jas Chumber has told PLANSPONSOR Europe.
FINANCE -
May 18, 2012
Global Equities Slump Continues
18 May 2012 (PLANSPONSOREurope.com) – As continued woes in the Eurozone focus on the Spanish banking system and Greek political uncertainty, disappointing US economic data has been revealed as equities continue to slump across the globe.