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ARCHIVES » March » 16.03.09
Premier to make fixed payments to four DB schemes
Published:  16 March, 2009

Premier Foods, the maker of Mr Kipling cakes, has struck a deal with trustees to fix payments to its four defined benefit (DB) schemes until 2013.

Temp firms face opt-out nightmare
Published:  16 March, 2009

The draft regulations for auto-enrolment could force many recruitment agencies to put temporary staff into personal accounts.

Myners strikes out against poor governance
Published:  16 March, 2009

City minister Lord Myners has ignited a storm of protest after suggesting pension schemes and fund managers should be obliged to exercise their voting rights.

LPFA weighs up benefits of shift to longevity hedging
Published:  16 March, 2009

The London Pension Fund Authority (LPFA) is considering a shift from interest and inflation-linked swaps to longevity hedging for its £1.1bn pensioner fund.

Shopping centres have underperformed and have proved difficult to sell on

Property fails to pay off for large schemes
Published:  16 March, 2009

Large pension funds were the biggest relative underperformers of all UK commercial property investors over 2008, according to the Investment Property Databank (IPD) Annual Index.

BoE gilt investments will increase deficits
Published:  16 March, 2009

The Bank of England’s (BoE) decision to buy gilts will worsen defined benefit (DB) schemes’ deficits and their relationships with sponsors, according to industry experts.

Habitat moves to SEI for fund management
Published:  16 March, 2009

Habitat has outsourced the management of its 75% funded, £24m final salary plan to SEI on a fiduciary basis.

Shareholders must hold firms to greater account
Published:  16 March, 2009

Pension schemes must follow a collective strategy to hold companies to account, according to the chief executive of the Financial Services Authority (FSA).

Myners: corporate governance cannot be ignored

Myners urges funds to focus on governance
Published:  16 March, 2009

Paul Myners has appealed to pension funds and other institutional investors to take governance seriously to address frailties in the economy.

NAPF guides boost schemes’ learning
Published:  16 March, 2009

The National Association of Pension Funds (NAPF) issued separate pieces of guidance on responsible investment and hedge funds at its investment conference.

Bolton: has seen the signs

Economic recovery is nigh, says expert
Published:  16 March, 2009

Anthony Bolton has claimed he can already see signs of economic recovery and has predicted financial institutions will lead any upturn.

Morrisons moves from DB to career average
Published:  16 March, 2009

Wm Morrison, Britain’s fourth-largest supermarket chain, plans to replace its two final salary pension schemes with ones based on career average earnings.

Bhabra: the PPF would only be able to cover a fraction of the deficit

PPF liabilities could be ‘nail in its coffin’
Published:  16 March, 2009

The potential liabilities of the Pension Protection Fund (PPF) have soared after the aggregate deficit of UK schemes deteriorated to record levels last month.

SME index takes a fall with stock market
Published:  16 March, 2009

Pension funds at small to medium-sized employers (SMEs) declined to an average of 56% funding at the beginning of March, according to Investment Solutions.

QROPS claims to raise the standard
Published:  16 March, 2009

A qualified recognised overseas pension scheme (QROPS) launched from Guernsey claims to be the most tax-compliant scheme yet.

Scheme settles s75 debt
Published:  16 March, 2009

The trustees of the Age Concern England (ACE) final salary pension scheme have reached an agreement with one of its small employers.

Taking flight
Published:  16 March, 2009

Analysis: The impact of quantitative easing on UK pension schemes has already shown itself in scheme deficits, but the full picture remains to be seen, says Charlie Kirby

Frank Field - MP for Wirral, Labour

Let savers help fund government initiatives locally
Published:  16 March, 2009

How many pensioners have been pushed into poverty by the rapid cuts in the Bank of England’s (BoE) base rate? Of course, we will not know for some years and will have to await for the official figures, but it is not difficult to guess what is going on.

Dawid Konotey-Ahulu is co-founder of Redington Partners

The Lehman Brothers crash shows the importance of stress-testing
Published:  16 March, 2009

The collapse of Lehman has turned our understanding of market behaviour on its head and forced a radical rethink of the way in which we assess risk

Buy-ins and the rise of direct security
Published:  16 March, 2009

A recent move in the pensioner buy-in market has been the increasing demand by scheme trustees and corporate sponsors for additional direct security from insurance companies.

Michael Davies - Marketing communications executive, Friends Provident

Michael Davies
Published:  16 March, 2009

The pensions industry appears to be some sort of secret haven for frustrated musicians. Following earlier entries to this column from folk musicians and heavy metallers, Michael Davies, marketing communications executive at Friends Provident, takes the stage.

Trustees must ensure they’ve got it covered
Published:  16 March, 2009

Increased scrutiny, funding and investment issues, and loss of member confidence are all problems adding to the woes of pension scheme trustees, says Dafydd Bowen

Private equity - intermediate level
Published:  16 March, 2009

Risk and return go hand in hand where investments are expected to yield a better return. This is no different for private equity investments.

The best of both worlds
Published:  16 March, 2009

Against a weakening UK economic background, Rob Martin highlights an aspect of property fund strategy that can play a key role in driving outperformance

McKinlay to manage portfolio at the PPF
Published:  16 March, 2009

The Pension Protection Fund (PPF) has appointed Ian McKinlay as its new chief investment officer.

Hay-Evans moves to development team at PPM
Published:  16 March, 2009

Premier Pensions Management has hired Ben Hay-Evans as business development manager.

Burgess to head up institutional at Veritas
Published:  16 March, 2009

Veritas Asset Management has appointed Antony Burgess as director of institutional business, responsible for promoting global and Asian investment products.

Hodgart to innovate Mercer’s client base
Published:  16 March, 2009

Mercer has appointed Eddie Hodgart as principal and client manager for its employee benefits business.

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