Advisers – Page 167
-
News
Multi-manager body to target continent for members
UK/EUROPE – The newly-formed Association for Institutional Multi-Manager Investing (AIMMI) hopes to expand its membership to include continental European players soon...
-
News
Employers halve DB provision for expatriates
EUROPE/NORTH AMERICA – Defined benefit pension provision for expatriates from European and North American companies has nearly halved in the last 10 years and European firms are more likely to offer a defined contribution alternative...
-
News
Government to decide who runs severance pay system
AUSTRIA - The Austrian government will announce this week details of the Abfertigung neu, the reformed severance payment system that will vastly expand Austria’s corporate pensions market.
-
News
Portugal's FEFSS prepares to outsource e760m
PORTUGAL- Portugal’s state owned e3.8bn FEFSS fund is looking for a global custodian in preparation for its recent decision to outsource 20% of its e3.8bn portfolio to external managers. Henrique Cruz, a member of the fund’s board says they will select a global custodian by March to provide fund administration ...
-
News
IG-BCE seeks consultant for ALM/manager selection
GERMANY – The newly-formed retirement provision company for the German chemicals industry is looking for an investment consultant to undertake an asset liability study and manager selection process for its new pension fund. A spokesman for IG-BCE says that it hopes to appoint a consultancy firm by the summer and ...
-
News
Buck Heissmann Sarl and Penda merge
SWITZERLAND- Swiss Consultants Buck Heissmann Sarl and Pendia Associates have merged creating a company with roughly fifty employees. The new firm will take Pendia Associates’ name and will be based in both Nyon and Zurich.
-
Features
Why primary and secondary funds of funds are still worth it
Over the past six years, private equity has experienced an aggressive growth, both in terms of capital under management and amount invested, and fund of funds with their specific techniques and particularities, especially pure primary and pure secondary funds, have demonstrated their various advantages. Even in such a tricky economic ...
-
News
DB membership drops 2 million in past decade
UK – There are two million fewer people in defined benefit occupational pension schemes now than a decade ago, and only 200,000 of these are likely to be in a defined contribution plan instead, says the Trades Union Congress (TUC) after analysing statistics published by the government actuary’s department.
-
News
Desrochers swaps BGI for Watson Wyatt in Paris
FRANCE- Simon Desrochers has returned to the consulting business after leaving BGI in Paris and joining Watson Wyatt as head of its benefits consulting team in France.
-
News
Dresdner RCM registers umbrella funds in Ireland
IRELAND/LUXEMBOURG- Allianz Group’s Dresdner RCM Global Investors has announced the registration of two umbrella funds in Ireland. Dresdner’s Global Strategies Fund and the Global Distributor fund are both open-ended SICAV-registered investment companies providing institutional investors with access to twenty three equity, bond and cash funds.
-
News
UK actuaries push for pensions simplification
UK – There can be no half measures in the government’s response to the need for radical pension simplification, says the Association of Consulting Actuaries (ACA) in its response to the Pickering pension simplification paper.
-
News
Spezialfonds’ assets fall in 2001 to €507bn
Germany-The value of German Spezialfonds invested assets fell in 2001 by 1.4% to €506.9bn, their first fall in the 33-year long history...
-
News
UK’s consulting actuaries elect new leader
UK – The Association of Consulting Actuaries (ACA) has elected Gordon Pollock, a word-wide partner with William M. Mercer, as its new chairman.
-
News
Pictet once again heads custodian rankings
GLOBAL - For the eighth time in 10 years Pictet has been voted as the custodian clients are most satisfied with, according to the annual R&M Global Custody Survey...
-
News
AP7 bars 26 more groups from its portfolio
SWEDEN – The €2.6bn Seventh Swedish National Pension Fund, AP7, has sold its shares in 26 global companies, including CocaCola, General Motors, Unilever and BP Amoco, because it claims they “failed to satisfy the fund’s environmental and ethical requirements”.
-
News
MLIM/Unilever will lead to manager consolidation
UK- Former CIO of Phillips & Drew Tony Dye has told a gathering of 400 asset managers in London that the fund management industry will consolidate into large firms focusing on marketing following the court case between the Unilever pension fund and Merrill Lynch Investment Managers.
-
News
TUC praises proposed EU law for part time workers
UK/EUROPE – A Proposed EU directive giving temporary agency workers across Europe the same rights as full time employees has been welcomed by Britain’s Trades Union Congress (TUC), since more than half the EU’s agency workers are employed in the United Kingdom.
