Advisers – Page 111
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News
Sweden’s Alecta names new chief actuary
SWEDEN - The €33bn public authority pension fund Alecta has appointed a new chief actuary to take over from Birgen Bjuren, who is to retire in October.
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Watson Wyatt boosts DC consulting
UK - Watson Wyatt has boosted its defined contribution consulting effort in the UK with the launch of a framework called Investment Gateway.
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Dutch actuaries want further guidance
NETHERLANDS - Dutch actuaries won’t be allowed to check and certify their own work for pension funds and insurers from January 1, the Actuarial Society has decided.
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Janus names global head of consultant relations
GLOBAL – Janus Capital Group has named former Morgan Stanley executive Carolyn Patton as director of global client relations, a new role.
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Dutch central bank to merge DNB and PVK schemes
NETHERLANDS - Finance minister Gerrit Zalm has told parliament in a letter that the two pension funds of the central bank will be merged and detached from the sponsor.
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Varma separates investment and supervision
FINLAND – Varma, Finland’s largest private sector pension insurer, has separated its investment and supervisory functions and replaced its risk management committee.
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VB chairman van Popta sees no pension crisis
NETHERLANDS – Benne van Popta, co-chairman of the Dutch Association of Industry-wide Pension Funds, the VB, has said there is no crisis in the pension sector.
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News
Mellon investment consulting head leaves
UK – Paul Black, head of investment consulting at Mellon Human Resources & Investment Solutions, is to join Lane Clark & Peacock.
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PWC pensions partner Shuttleworth dies
UK – John Shuttleworth, a trenchant commentator on the pensions scene in the UK for PricewaterhouseCoopers, has died suddenly aged 47.
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PME ends possibility of taking VUT before age 60
NETHERLANDS - One of the largest Dutch pension funds, the €16bn PME, has stated that it has been forced to end immediately the possibility of taking VUT or TOP before 60.
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DNB still unhappy about actuaries’ proposals
NETHERLANDS - The Dutch central bank, which regulates pensions, still isn’t satisfied about the Actuarial Society’s proposals about the independence of actuaries at pension funds and insurers.
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Fiat pension scheme in annuities move
ITALY – The €132.3m pension fund for Fiat’s middle-management, Fondo Pensione Quadri e Capi Fiat, is looking for an established insurance company to provide annuities for its retiring members.
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News
‘Over 75 UK schemes’ allocate to hedge funds
UK – More than 75 UK pension funds have made allocations to hedge funds, according to a report from Morgan Stanley.
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Actuaries Lane Clark names three new partners
UK - Consulting actuaries Lane Clark & Peacock has named three new partners: Ian Gamon, Aiden Coloe and Mary McGrath.
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News
Analyst in “zombie investor” jibe at schemes
GLOBAL – Pension funds – along with other investors such as Asian banks and Japanese private investors – have been branded “zombie investors” by a respected economic commentator.
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News
Capital in “performance difficulties” - Hymans
UK – Capital International’s “performance difficulties” may hinder its ability to win new business in the UK, says investment consultant Hymans Robertson.
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Iceland’s Kaupthing in talks to buy UK’s Singer
ICELAND/UK – Icelandic bank Kaupthing, which has made a series of European acquisitions since 1998, is in talks to buy UK asset manager Singer & Friedlander.
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News
Dutch company funds have adapted – central bank
NETHERLANDS - Most Dutch company pension funds seem to have adapted well to the changing environment, although industry-wide schemes however haven’t yet completed the recovery process, says the central bank.
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Features
Merger brings sadness at Watsons
Partners at UK-based consulting firm Watson Wyatt LLP are sad over its plans to merge with its US affiliate, says managing partner Babloo Ramamurthy. Washington-based Watson Wyatt & Co said in January it would buy the Reigate firm for $451m(E338m) in cash and stock. “Many partners are experiencing sadness about ...
