FINANCE -
May 16, 2012
Babcock International to Inject £93m into DB Schemes
16 May 2012 (PLANSPONSOREurope.com) – Babcock International says it expects to pay £93m into its defined benefit pension schemes in 2012/13, according to full year results for the year ended 31 March 2012.
PEOPLE -
May 16, 2012
UK Trustee Awareness of DC Charges Remains Low
16 May 2012 (PLANSPONSOREurope.com) – Trustee awareness of UK Defined Contribution pension scheme charges remains low, according to a report from the Pensions Regulator.
RULES/REGS -
May 16, 2012
NAPF Launches Consultation on DC Code of Conduct
16 May 2012 (PLANSPONSOREurope.com) – The UK’s National Association of Pension Funds has launched a consultation seeking views on the parameters of on an industry-wide Code of Conduct for DC pensions.
MARKETS -
May 15, 2012
Eurozone Outperforms Expectations
15 May 2012 (PLANSPONSOREurope.com) – The Eurozone has narrowly outperformed expectations after recording zero growth in the first three months of the year thanks to growth in the German economy.
FINANCE -
May 15, 2012
Former ING Directors Take Pensions Dispute to Court
15 May 2012 (PLANSPONSOREurope.com) – A group of 10 former senior executives at ING have gone to court demanding their pensions be topped up, according to the Telegraaf.
MARKETS -
May 15, 2012
Dutch Economy Continues Recession
15 May 2012 (PLANSPONSOREurope.com) – The Dutch economy contracted by 1.1% in the first quarter of this year as the recession in the Netherlands continues, the national statistics office CBS has said in a provisional estimate.
FINANCE -
May 15, 2012
UK DB Plan Sponsors to Pay Out Over £100bn in Three Years
14 May 2012 (PLANSPONSOREurope.com) – The trustees of defined benefit pension funds could receive more than £100 billion in deficit reduction payments from their corporate sponsors over the next three years, or 13% of UK corporate cash holdings, according to a survey.
RULES/REGS -
May 14, 2012
UK Civil Service Workers Accept Pensions Deal
14 May 2012 (PLANSPONSOREurope.com) – Civil service workers who are members of union Prospect have voted by 4-1 to accept pension changes negotiated between unions and the UK government from 2015.
FINANCE -
May 14, 2012
Danica Pension Doubles Q1 Profit
14 May 2012 (PLANSPONSOREurope.com) – Danica Pension doubled its profit in the first quarter, as pre-tax profit rose to DKK206m (€27.7m) in the first three months of 2012 from DKK101m in Q1 2011, according to BØrsen Finans.
RULES/REGS -
May 14, 2012
Bulgarian Retirement Age to Rise to 65 by 2020
14 May 2012 (PLANSPONSOREurope.com) – The retirement age for both men and women in Bulgaria is to increase to 65 by 2020, according to the Minister of Labor and Social Policy.
PRODUCTS -
May 14, 2012
Guggenheim Ends Talks to Purchase DB Advisors
14 May 2012 (PLANSPONSOREurope.com) – Deutsche Bank and Guggenheim Partners have “mutually agreed” to end exclusive negotiations about a potential sale of DB Advisors, the global institutional asset management business.
PEOPLE -
May 14, 2012
UK Babies Face Working Until Late 70s
14 May 2012 (PLANSPONSOREurope.com) – Children born today in the UK are unlikely to receive their state pension until they reach 77, while their children face working into their mid-80s.
UK Employers and Trustees Urged to Manage Employer Covenant Effectively
14 May 2012 (PLANSPONSOREurope.com) – Increasing numbers of corporate restructures in the UK caused by tough economic conditions will mean employers and trustees must be more vigilant in managing the employer covenant available to their pension scheme.
Christine Haswell
Christine Haswell
The UK government needs to prove that underfunded public sector schemes are unviable, Christine Haswell, Pensions Officer at the PCS Union told PLANSPONSOR Europe . Speaking at the Methodist Centrall Hall—the site of a rally in support of Thursday's public sector pension protest—Haswe
RULES/REGS -
May 11, 2012
UK Pension Funds Outline Measures to Reinvigorate Workplace Pensions
11 May 2012 (PLANSPONSOREurope.com) – UK pension funds have outlined a series of key areas where the government needs to focus its energies if it is to meet its Red Tape Challenge and reinvigorate workplace pensions.
RULES/REGS -
May 11, 2012
Polish MPs Vote for Retirement Age Rise
11 May 2012 (PLANSPONSOREurope.com) - MPs in Poland have voted to increase the country’s retirement age for men and women, gradually from 2013, to 67 years of age.
MARKETS -
May 11, 2012
Europe Needs Coherent Package to Cut Market Volatility
11 May 2012 (PLANSPONSOREurope.com) - Europe needs a coherent package that tackles declining eurozone growth and reduces market uncertainty for institutional investors including pension funds, Jerry Moriarty, Director of Policy, at the Irish Association of Pension Funds has told PLANSPONSOR Europe.
FINANCE -
May 10, 2012
Bank of England Calls End to QE
10 May 2012 (PLANSPONSOREurope.com) - The Bank of England voted on Thursday not to continue with quantitative easing (QE) as concerns over stubbornly high inflation outweighed the risk of a prolonged recession.
PSE Blog: Bit of a Damp Squid?
10 May 2012 (PLANSPONSOREurope.com) - “Is it just me and you then?” was the question posed by one Occupy protestor to another at today’s public sector pensions melee in rainy London writes Graham Simons.
FINANCE -
May 10, 2012
Europe Too Big for Investors to Ignore
10 May 2012 (PLANSPONSOREurope.com) - While Asia may prove more compelling in terms of growth outlook, Europe's institutional segment is too big to ignore, claims a new report from Cerulli.