Professional Pensions News http://www.professionalpensions.com/ Latest from Professional Pensions en-us web@incisivemedia.com Sat, 11 Oct 2008 18:05:57 +0100 GMT 15 Hewitt and PensionDCisions offer governance product http://www.professionalpensions.com/819702 Hewitt Associates has teamed up with data analytics firm PensionDCisions to launch a governance and risk management product for trust and contract-based defined contribution schemes. Fri, 10 Oct 2008 12:10:00 +0100 GMT http://www.professionalpensions.com/819702 NAPF CONFERENCE 2008 - Spiralling regulation costs causing schemes to ‘throw in the towel’ http://www.professionalpensions.com/819699 The cost of pension regulation is spiralling out of control, National Association of Pension Funds chief executive Joanne Segars warns. Fri, 10 Oct 2008 12:03:00 +0100 GMT http://www.professionalpensions.com/819699 NAPF CONFERENCE 2008 - Trustees must take weakened sponsor covenant seriously http://www.professionalpensions.com/819687 Defined benefit trustees preparing for their second triennial assessment must be aware the strength of the sponsor covenant has deteriorated, The Pensions Regulator warns. Fri, 10 Oct 2008 11:30:00 +0100 GMT http://www.professionalpensions.com/819687 NAPF CONFERENCE 2008 - UK covenant regulation ‘unparalleled’ http://www.professionalpensions.com/819677 UK pension regulation is "out of step" with international practice in four crucial areas, an independent report commissioned by the National Association of Pension Funds says. Fri, 10 Oct 2008 11:00:00 +0100 GMT http://www.professionalpensions.com/819677 GMB and Ofgem hold pension talks http://www.professionalpensions.com/819668 Trade union GMB is to hold talks with the energy regulator Ofgem today over fears proposals from the watchdog will lead to pension benefits being reduced. Fri, 10 Oct 2008 10:42:00 +0100 GMT http://www.professionalpensions.com/819668 NAPF CONFERENCE 2008 - PPF to include investment strategy in risk-based levy calculations http://www.professionalpensions.com/819665 THE Pension Protection Fund is set to take investment strategy and credit risk into account when calculating risk-based levies. Fri, 10 Oct 2008 10:31:00 +0100 GMT http://www.professionalpensions.com/819665 Galvin replaces Dobson at TPR http://www.professionalpensions.com/819651 The Pensions Regulator has appointed Bill Galvin as an executive director for strategic development taking over from Chris Dobson. Fri, 10 Oct 2008 09:51:00 +0100 GMT http://www.professionalpensions.com/819651 Railways scheme member data stolen http://www.professionalpensions.com/819650 A laptop containing Railways Pension Scheme confidential member data has been stolen from external auditors Deloitte. Fri, 10 Oct 2008 09:49:00 +0100 GMT http://www.professionalpensions.com/819650 Round up - October 10 http://www.professionalpensions.com/819720 Fund managers told 'don't panic' over the elephant in the room; Pension lifeboat liabilities increase; Banking crisis: Retirees may not be forced to buy annuities before age of 75; Relief rally at Aviva; Government considers Tory proposal on annuities; Darling cool on rescuing councils caught out with Icesave investments Fri, 10 Oct 2008 00:00:00 +0100 GMT http://www.professionalpensions.com/819720 Big schemes lose £45bn since end of August http://www.professionalpensions.com/819545 The 200 largest private sector defined benefit pension schemes lost more than £45bn since the end of August, Aon Consulting says. Thu, 9 Oct 2008 12:10:00 +0100 GMT http://www.professionalpensions.com/819545 Conservatives call for emergency pension protection http://www.professionalpensions.com/819535 THE Conservative Party has called for emergency pension protection in the light of the current troubles in the financial markets. Thu, 9 Oct 2008 11:51:00 +0100 GMT http://www.professionalpensions.com/819535 NAPF CONFERENCE 2008 – Trustees urged not to panic http://www.professionalpensions.com/819526 The National Association of Pension Funds has rebuffed suggestions it is a "big club for defined benefit" schemes. Thu, 9 Oct 2008 11:35:00 +0100 GMT http://www.professionalpensions.com/819526 NAPF CONFERENCE 2008 – DC schemes to get Pension Quality Mark http://www.professionalpensions.com/819447 A new certification will differentiate between above average defined contribution pension schemes and the norm, the National Association of Pension Funds says. Thu, 9 Oct 2008 10:30:00 +0100 GMT http://www.professionalpensions.com/819447 NAPF CONFERENCE 2008 - Drake named as acting PADA chairman http://www.professionalpensions.com/819375 Jeannie Drake has been named as the acting chairman of the Personal Accounts Delivery Authority. Thu, 9 Oct 2008 09:56:00 +0100 GMT http://www.professionalpensions.com/819375 Round up – October 9 http://www.professionalpensions.com/819543 Town hall millions may be lost in Iceland; Funds managers welcome confidence boost; Uniq blames lost appetite for profit warning; Henderson seeks investor backing for restructuring Thu, 9 Oct 2008 00:00:00 +0100 GMT http://www.professionalpensions.com/819543 SAIMA 2008 - Complete shortlists unveiled http://www.professionalpensions.com/819556 The complete shortlists for the Specialist and Alternative Investment Manager Awards 2008 are below. Thu, 9 Oct 2008 00:00:00 +0100 GMT http://www.professionalpensions.com/819556 Government’s £500bn rescue plan good for pensions http://www.professionalpensions.com/819292 THE government’s plan to shore up the battered UK banking sector with a £50bn emergency share capital package and a further £450bn of loans and guarantees to boost liquidity has been well-received by the pensions industry. Wed, 8 Oct 2008 12:45:00 +0100 GMT http://www.professionalpensions.com/819292 Companies Act authorisation process ‘annoying’ for trustees http://www.professionalpensions.com/819174 Trustees who believe they have complied with conflict of interest requirements under the Companies Act could remain in breach of the law, Allen & Overy warns. Wed, 8 Oct 2008 11:09:00 +0100 GMT http://www.professionalpensions.com/819174 Round up – October 8 http://www.professionalpensions.com/819165 BA shares hit turbulence over pension fund worries; Bank shares rocked as nationalisation rumours rampage through markets; Pensions: Downturn has wiped one fifth off retirement funds; House price falls spur comeback for pension savings; Defined benefit closures expected Wed, 8 Oct 2008 10:54:00 +0100 GMT http://www.professionalpensions.com/819165 NAPF survey reveals further DB closures http://www.professionalpensions.com/819163 A FURTHER 3pc of private sector defined benefit pension schemes closed to new members in the past year, latest National Association of Pension Funds research reveals. Wed, 8 Oct 2008 10:48:00 +0100 GMT http://www.professionalpensions.com/819163 More than 3000 members transferred to PPF in September http://www.professionalpensions.com/819159 The Pension Protection Fund transferred another four collapsed pension schemes to its control last month. Wed, 8 Oct 2008 10:35:00 +0100 GMT http://www.professionalpensions.com/819159 MNT recruitment becoming increasingly difficult http://www.professionalpensions.com/819154 Trustee boards are struggling to meet their legal obligation to be one-third member-nominated, Trustee GAAPS says. Wed, 8 Oct 2008 10:14:00 +0100 GMT http://www.professionalpensions.com/819154 Updated Myners principles overseen by Investment Governance Group http://www.professionalpensions.com/819150 The government is to establish an Investment Governance Group to implement the updated and simplified Myners principles. Wed, 8 Oct 2008 09:57:00 +0100 GMT http://www.professionalpensions.com/819150 Additional monitoring of actuarial profession of limited use http://www.professionalpensions.com/818895 Dwindling defined benefit pension provision will be further hit if additional layers of actuarial scrutiny are introduced, Buck Consultants says. Tue, 7 Oct 2008 12:25:00 +0100 GMT http://www.professionalpensions.com/818895 Nomura International trustees appoint Premier Pensions Management http://www.professionalpensions.com/818887 Nomura International has appointed Premier Pensions Management to administer its closed UK occupational pension scheme. Tue, 7 Oct 2008 12:07:00 +0100 GMT http://www.professionalpensions.com/818887 Isle of White tenders for clutch of investment managers http://www.professionalpensions.com/818885 Isle of White Council is looking to appoint investment managers to cover five portfolios for its pension fund. Tue, 7 Oct 2008 12:03:00 +0100 GMT http://www.professionalpensions.com/818885 Effects of credit crunch will be felt for a generation - Bowie http://www.professionalpensions.com/818881 Actuaries will help stabilise the economy through their expertise in risk management, the Faculty of Actuaries says. Tue, 7 Oct 2008 11:54:00 +0100 GMT http://www.professionalpensions.com/818881 Employers and trustees must give members more flexibility http://www.professionalpensions.com/818872 Employers and trustees should consider offering members a pensions holiday to help them cope with financial pressures caused by the credit crunch, Towers Perrin says. Tue, 7 Oct 2008 11:26:00 +0100 GMT http://www.professionalpensions.com/818872 Hermes appoints Godfrey to head performance analysis http://www.professionalpensions.com/818868 Hermes has appointed Chris Godfrey as head of performance analysis and risk reporting. Tue, 7 Oct 2008 11:07:00 +0100 GMT http://www.professionalpensions.com/818868 Round up – October 7 http://www.professionalpensions.com/818899 Lehman exposes faults in credit default swaps; Financial Crisis: How safe are your pensions and investments?; Darling in talks with banks as RBS tops list of stock market casualties; Early London rally wiped out; Treasury may take £50bn stake to shore up high-street banks Tue, 7 Oct 2008 00:00:00 +0100 GMT http://www.professionalpensions.com/818899