Advisers – Page 169
-
News
Hampshire fires Morley and appoints SG
UK- Hampshire county council’s £2.1bn (e3.4bn) pension fund has fired Morley fund management from a £360m (e585m) balanced mandate and replaced it with SG Asset Management.
-
News
Switzerland's AHV postpones hedge fund investment
SWITZERLAND- Switzerland’s ChF19.7bn (e13.4bn) social security fund AHV has delayed investing 5% of the portfolio in hedge funds in order to focus on developing its global equity portfolio.
-
News
IASB to amend pension standard IAS 19
GLOBAL - The International Accounting Standards Board (IASB) is planning to amend the pensions standard, IAS 19.
-
News
DWP- trustees needn't be investment specialists
UK – The government’s recommendation that pension fund trustees needn’t become investment specialists is the most important aspect of the latest consultation papers to be published by the Department of Work and Pensions (DWP), according to the consultants Watson Wyatt.
-
News
Nussbaum says Swiss funds need performance ratings
SWITZERLAND- Switzerland’s multi-employer pension companies, which manage the bulk the country’s mandatory occupational schemes, should be rated by their performance, say pensions experts.
-
News
UK government under pressure to simplify pensions
UK- Actuaries in the UK have urged the government to simplify private pensions in order to encourage more individuals to save for their retirement. In its submission to the department for Work and Pensions’ review on simplifying private pensions, the actuarial profession says excessively complicated legislation is proving a disincentive ...
-
News
European CMBS market to grow 50% in 2002
EUROPE- Low interest rates in the Eurozone, increasing investor appetite and a broadening origination base have led rating agency Standard & Poor’s to predict a 50% growth in Europe’s commercial mortgage-backed securities (CMBS) market in 2002.
-
News
Alexander Forbes to buy 60% of Lane Clark
UK- Financial and risk services provider Alexander Forbes is taking a 60% stake in the UK consulting actuaries Lane Clark & Peacock in a deal valuing the latter at around £46 million.
-
News
iShares launches Eurotop 100 ETF
UK- iShares, the exchange traded fund provider, today launched the FTSE Eurotop 100 ETF which enables investors to invest in Europe’s 100 largest companies while avoiding currency transaction costs. The LSE-listed fund adds to the eleven other iShares funds available in the UK and managed by Barclays Global Investors.
-
News
Moves to curb police ‘medical retirements’
UK-The government has moved to reduce the incidence of early retirement though ill-health in UK police forces as part of its programme of police reform.
-
News
EU credit deteriorated in 2001 according to S&P
EUROPE – Last year saw a further deterioration in the credit quality of European Union investment grade company bonds, as 122 downgrades against 28 upgrades were recorded, representing some €458bn worth of outstanding debt, against €265bn in 2000, says Standard& Poor’s (S&P).
-
News
Punter Southall launches executive pensions unit
UK- Linda Clark is to head a new specialist unit launched by the consulting actuaries Punter Southall and dedicated to retirement planning for senior executives. Clark joins Punter Southall after eighteen years as a consultant with Hymans Robertson.
-
News
Watson Wyatt recruits ex-CEO of Old Mutual AM
UK- Consultant Watson Wyatt has appointed Kevin Carter, an ex-CEO and CIO of Old Mutual Asset Managers as a senior partner to its investment practice. While at Old Mutual he managed both UK and US operations.
-
News
O'Connell to head new pensions research institute
UK- Former head of strategy at Swiss Re Alison O’Connell is to become the first director of the Pensions Policy Institute (PPI), a new group established to research pensions. The institute is a result of a 1998 report by the government’s Pension Provisions Group that recommended the creation of an ...
-
News
Treasurers warm to outsourcing and online dealing
GLOBAL- Corporate treasurers are becoming much happier outsourcing their activities in an attempt to manage risk and control costs, according to the latest cash management survey by JPMorgan Fleming AM and the Association of Corporate Treasurers.
-
News
Audit Commission reappoints Aon Consulting
UK – Aon Consulting has been re-appointed as actuarial and benefits consultant to the £290m (€473m) pension fund of the Audit Commission.
-
News
European ETF assets grow 800% in 2001
GLOBAL- Assets invested in exchange traded funds listed on European exchanges grew more than 800% in 2001 to top $5.6bn (e6.3bn) according to research by Morgan Stanley. Recent figures show there are 71 ETFs with 92 listings on six European exchanges.
