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Pensions

Degree

PMI launches double consultation on new and revised qualifications

Wed, 16/07/2014 - 12:23

The Pensions Management Institute (PMI) has launched two consultations, seeking views from its members, stakeholders and interested parties on new qualifications that include a focus on governance. »

Regulation

LPFA proposes wider partnership model in response to consultation on the future of the LGPS

Mon, 14/07/2014 - 14:04

The London Pension Fund Authority (LPFA) is proposing a wider solution to the issues raised by the Department for Communities and Local Government’s consultation “Opportunities for collaboration, cost savings and efficiencies”. »

Gavel

European funds sue BP in US over 2010 share price crash

Tue, 08/07/2014 - 06:18

Law firm Pomerantz is claiming in the United States District Court in Texas on behalf of UK investment funds who bought BP ordinary shares and American Depositary Shares (ADS) on the LSE before the 2010 Deepwater Horizon disaster. »

Beta

Demand for alternative beta continues as pension schemes seek lower cost solutions, says UBS

Mon, 07/07/2014 - 12:10

There is a growing interest in the fiduciary management space, with assets under management in the UK estimated to be over GBP 50 billion as of 2012, according to a UBS Global Asset Management study. »

Up arrow

Funded status of US corporate pensions rises to 92 per cent, says BNY Mellon

Fri, 04/07/2014 - 06:18

The funded status of the typical US corporate pension plan increased 1.4 percentage points in June 2014 to 92.0 per cent, driven by rising asset values, according to BNY Mellon. »

Coins

Pension funds must prepare for interest rate surprises

Wed, 02/07/2014 - 14:25

Pitmans Trustees says pension schemes will need to move quickly to develop more robust strategies and decision processes for the interest rate surprises expected in the near future. »

Regulation

More robust regulatory regime for collective DC can create greater income stability, says Cardano

Tue, 01/07/2014 - 16:31

Cardano has come out in support of the greater attention to collective DC regulation proposed in the 2014 Pension Schemes Bill that was laid before the UK parliament last week. »

Research

MSCI completes factor indices research study for world’s largest pension fund

Mon, 30/06/2014 - 12:45

MSCI has completed a research mandate for Japan’s Government Pension Investment Fund (GPIF) that examines uses of factor-based indices in large institutional portfolios and evaluates passive implementation of factor strategies alongside traditional passive and active mandates. »

Pension

NAPF calls for action to smooth DB transition

Wed, 18/06/2014 - 12:05

The National Association of Pension Funds (NAPF) has called for immediate action in three areas to help defined benefit (DB) workplace pension schemes and their sponsors navigate the DB transition as smoothly as possible. »

Up arrow

LDI market breaks through the GBP0.5trn landmark in 2014, says KPMG survey

Tue, 17/06/2014 - 06:29

UK liability driven investment (LDI) now covers GBP517bn of liabilities, a 17 per cent increase over 2013 with 825 UK pension scheme mandates now employing LDI, according to research issued by KPMG in the UK. »

Acquisition

Pavilion Financial Corporation acquires Plan Sponsor Advisors

Fri, 13/06/2014 - 14:02

Investment services firm Pavilion Financial Corporation has acquired the business of Plan Sponsor Advisors (PSA), an investment and retirement benefit consulting firm specialising in defined contribution plans.  »

Money in hands

PASA warns UK government of pensions liberation trap

Thu, 12/06/2014 - 16:02

The Pensions Administration Standards Association (PASA) has warned the UK Government to be mindful of creating an unintentional pensions liberation trap by over-stretching administration resources. »

Document signing

STOXX Minimum Variance Indices licensed to Resona Bank

Tue, 10/06/2014 - 14:10

Two STOXX Minimum Variance indices have been licensed to Resona Bank to be used in passive funds that will be used by Japanese pension funds. »

Union Jack Pound

LCP advises Total on GBP1.6 billion pensioner buy-in

Tue, 10/06/2014 - 06:03

The Total UK Pension Plan has insured GBP1.6 billion of pensioner liabilities with Pension Insurance Corporation (PIC) in the second largest UK bulk annuity transaction to date. »

Handshake and money

Helios invests in ARM Pensions

Tue, 03/06/2014 - 10:03

Funds advised by Helios Investment Partners are to acquire a minority stake in ARM Pension Managers PFA Limited, a subsidiary of Asset & Resource Management Company. »

Four fingers

SGSS secures four Serbian pension fund mandates

Thu, 29/05/2014 - 06:01

Societe Generale Securities Services (SGSS) in Serbia has been mandated by four major Serbian pension funds to act as their custodian and depositary bank. »

Results

LGIM AUM up five per cent in Q1 2014

Fri, 16/05/2014 - 10:05

Legal & General Investment Management (LGIM) saw net flows of GBP3.8bn in Q1 2014 and now has assets under management (AUM) of GBP463bn, up five per cent on the same quarter last year. »

Survey

Research reveals strong institutional appetite for senior bank loans

Tue, 06/05/2014 - 16:02

Some 42 per cent of pension funds believe institutional investors have increased their exposure to senior bank loans over the past six months, according to research by ING Investment Management. »

Up arrow

DB plans to increase AI investments in next 12 months

Tue, 22/04/2014 - 12:04

Gatekeepers anticipate defined benefit (DB) plans will increase their proportion of alternative investments (AI) during the next year, according to research from Cerulli Associates. »

Down arrow

UK annuities market could decline by up to 75 per cent, says PwC

Wed, 16/04/2014 - 06:08

The UK annuities market could decline by up to 75 per cent after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis. »

Netherlands flag

Northern Trust enhances FTK investment statement reporting for Dutch pension schemes

Mon, 14/04/2014 - 13:34

Northern Trust has enhanced its investment statement reporting solutions to help its Dutch pension fund clients meet the Financieel ToetsingsKader (FTK) regulations set out by the Dutch National Bank. »

Latin America

Latin American pension industry exceeds USD900bn in AUM

Fri, 11/04/2014 - 12:25

The Latin American pension system has grown to more than USD900bn in assets under management, according to research from global analytics firm Cerulli Associates. »

Accounts

LPFA announces 2013 valuation results of GBP4.8bn fund

Thu, 03/04/2014 - 16:01

The London Pensions Fund Authority (LPFA) has announced the results of the 2013 valuation of its GBP4.8bn fund. »

UK flag

UK joins list of top ten sustainable pension systems

Tue, 01/04/2014 - 14:00

The UK pension system has benefitted from reforms such as the introduction of NEST to rise up the Allianz Global Investors Pension Sustainability Index (PSI) from 12th in 2011 to tenth in 2014. »

Money and calculator

BNY Mellon secures AP7 global custody and collateral services mandate

Wed, 26/03/2014 - 06:02

Swedish state pension fund Sjunde AP-fonden (AP7) has reappointed BNY Mellon to provide global custody and collateral services to assets valued at USD28.8bn. »

Retirement

BNY Mellon named custodian by City of Phoenix Employees' Retirement System

Tue, 25/03/2014 - 10:29

BNY Mellon has been selected by the City of Phoenix Employees' Retirement System (COPERS) to provide custody, accounting, and securities lending solutions to plan assets valued at USD2bn. »

Magnifying glass

Greater emphasis needed on diversified growth funds in DC strategies, says BNY Mellon

Tue, 25/03/2014 - 06:36

Now is the time for greater emphasis on the role of diversified growth funds (DGFs) in an overall defined contribution (DC) strategy, according to a report from BNY Mellon Investment Management. »

Thumbs up

Financial health of largest US corporate pension plans improved sharply in 2013

Fri, 21/03/2014 - 13:00

The financial health of corporate America’s largest pension plans improved significantly in 2013 as funding improved to a level not seen since the start of the financial crisis, according to an analysis by Towers Watson. »

Portfolio management

US institutions continue revamp of portfolios

Tue, 18/03/2014 - 14:08

A strong recovery in asset valuations and improvements in pension plan funding levels have not slowed the rapid pace of change in institutional investment portfolios. »

Tax

CJEU ruling challenges HMRC stance on pension tax exemptions, says Facer

Tue, 18/03/2014 - 11:48

HMRC will need to review its policy on the VAT status of the management of defined contribution pension schemes following the recent European court decision, according to Moore Stephens’ VAT expert Robert Facer. »

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