Advisers – Page 170
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News
Tayside opts for Northern Trust to provide custody
UK- Dundee city council’s £930m (e1.5bn) Tayside Superannuation Fund has selected Northern Trust from a shortlist of three candidates to provide custody and other securities services including securities lending, cash management, web-based reporting and other related securities services.
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News
Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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News
Italian rail fund to begin manager search in March
ITALY – The Italian State Railways pension fund, Fondo Pensione Eurofer, will begin looking for managers for its €25m assets in March once it has received the regulatory approval from Covip, the Italian pension fund supervisory body.
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BGL gets go ahead for first of three ASSEPS
LUXEMBOURG- Banque Generale de Luxembourg (BGL) has launched an ASSEP for its Luxembourg-based senior managers after it received regulatory approval at the end of December.
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News
Managerselection buys out founder Felix Kottmann
SWITZERLAND- Managerselection.com, the Swiss-based data platform for pension funds, consultants and investment managers, has bought back all of founder Felix Kottmann’s shares following his resignation.
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News
British Vita picks Mercers for administration
UK – Consultant William M. Mercer has won the mandate to provide administration services to the main group pension funds of British Vita, the Manchester-based polymer technology specialist.
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News
PPM mis-sells shares for 11,000 members
SWEDEN- Faulty information supplied to Sweden’s PPM by the tax authorities and the country’s National Social Insurance Board (RVF) has led it to mis-sell shares totalling a maximum of e600,000 for more that 11,000 scheme members.
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News
AP7 alternative manager search enters final stage
SWEDEN- The e2.3bn AP7 default fund’s search for private equity and hedge fund of fund investment managers enters the final stage next week when it begins interviewing a final shortlist of ten potential candidates.
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News
A.G. Bisset wins Firemen's overlay mandate
US/EUROPE – US currency overlay specialist A.G. Bisset & Company, has won a mandate to actively manage the currency exposure of $85m in EAFE invested equity portfolios for the $1.3bn Firemen’s Annuity and Benefit Fund of Chicago....
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Features
RTP's pension programme
Towers Perrin and Rauser, a major German retirement benefits consultancy firm, have established Rauser Towers Perrin, a new joint venture company that aims to assist companies across Germany in the implementation and administration of their pension programmes. Based in Reutlingen, the idea to establish the new company comes in the ...
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Features
International operators gear up
Across Europe consultants have fared very differently in the past year. Common to almost every country are many similar themes- the shift from DB to DC, companies appreciating the potential risks of their schemes, the question of how to react to falling stock markets and dwindling state provision- and above ...
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Features
US fiduciary outsourcing gains ground
Downsizing, spin-offs, changes in management: many reasons can lead a company to decide to outsource the complete management of their pension plans. An increasing number of US companies are following this path, but it is difficult to assess the size of the “fiduciary outsourcing” business in the US, because the ...
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Features
Germany still an elusive target
Germany’s decision to pass it long overdue pensions reform will prove a real boon to the consultants market and Mercers’ Jacques Goulet believes the German market will draw a lot of attention thanks to the changes. Historically companies with an emphasis on actuarial services like Heissman and Heubeck market have ...
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Features
Consultants face uphill task
Looking back over last year, eastern and central Europe remained something of a black hole for consultancy firms, both multi-national and local. Despite their best efforts the companies have failed to persuade local pension funds of the need for their services. This has meant closures, a scale down in operations, ...
