Advisers – Page 149
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News
DeAM hires Hindle Fisher from UBS
UK - Deutsche Asset Management, the second largest manager of European pension assets, has hired the former UK head of UBS Asset Management.
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UK’s Greenwich Council awards five mandates
UK – Greenwich Council’s 450 million pound pension fund has dished out five new mandates following a change of strategy, and a loss for Schroders Investment Management.
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Northern Trust hires Martin Currie’s Sagraves
UK – Northern Trust Global Investments has hired Barry Sagraves from Martin Currie to head its European investment business.
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ING, BoNY launch European custody alliance
EUROPE – Dutch bank ING has launched its previously announced European global custody services alliance with Bank of New York.
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UK actuaries call for pension reform
UK – The head of the Association of Consulting Actuaries has called for the government to look again at pension reform.
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News
Mercer says ALM is a tool, not a solution
GLOBAL – The head of Mercer Investment Consulting’s global practice says it is important to remember that asset/liability modelling is a tool for decision makers – not a process which produces the answer.
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UK-US treaty “significant” for pension funds
UK – A new treaty between the UK and US on double taxation has been hailed as a “significant development” for pension funds by HSBC’s actuarial arm.
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Trustees lift interest in multi-management
UK – Trustees are becoming more interested in multi-manager products, says the head of a multi-manager trade group.
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Features
Irish launch for Mercer 360
Mercer Investment Consulting has launched a new product allowing smaller Irish pension funds access to international investment managers. The new service, Mercer 360, combines the investment consulting experience of Mercer with the fund management skills of Attica Asset Management. Attica provides manager of manager products in the UK, and is ...
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News
Mellon tops new UK fund accounting survey
UK – Mellon European Fund Services has been named top in the UK market for fund accounting and investment administration in the first survey of its kind by London-based R&M Consultants.
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LGIM wins E394m Highland Council mandate
UK – The Scottish Highland Council pension fund has moved 272 million pounds (394.6 million euros) formerly managed by Rothschild Asset Management to Legal & General Investment Management following the acquisition of Rothschild AM by HBOS’s fund management arm, Insight Investment Management.
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Watson Wyatt hires senior investment consultant
UK – Consultancy firm Watson Wyatt has hired a former actuary at insurer General Accident as a senior investment consultant.
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News
UK government actuary ousted at Civil Service scheme
UK – The Government Actuaries Department has been replaced as scheme actuary to the Civil Service pension scheme by Hewitt Bacon & Woodrow.
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Mercer retirement consulting revenues rise 11%
US – Mercer Inc. has reported that its first-quarter retirement services consulting revenue rose 11% to 300 million dollars from 270 million dollars a year before.
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Swedish DB premiums “too high” for older workers
SWEDEN – The Organisation for Economic Cooperation and Development says premiums for defined benefit pensions in Sweden are too high for older workers - making companies reluctant to employ them.
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French asset managers increase SRI capability
FRANCE – French investment firms are rapidly expanding their socially responsible investment management capabilities, reveals a study by SRI information provider Novethic and consultant Amadeis
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UK’s Railpen taps Mellon for accounting services
UK – The investment arm of the UK Railways Pension Trustee Company, Railpen Investments, has appointed Mellon European Fund Services to provide investment accounting services.
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News
Watson Wyatt faces legal challenge over advice
US – Consulting firm Watson Wyatt could be facing a lawsuit over advice it gave to a US pension scheme in the late 1990s – though it says it has fully answered the questions that were raised.
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News
UK pension tax proposals to cost “e1.44bn”
UK – The government’s proposals on simplifying the taxation of pensions could cost the industry as a whole up to one billion pounds (1.44 billion euros) in the short term, a consultant says.
