Advisers – Page 61
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Features
Solvency II nears maturity
International ambitions for Solvency II emerge as reforms for capital adequacy take shape, writes Jeremy Woolfe
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News
PGGM appoints new chairman
[17:11 CEST 03-09] NETHERLANDS – The €89bn Dutch pension fund PGGM has appointed Martin van Rijs as chairman of the executive board of its new administration cooperative.
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News
Austrian funds defend performance
[16:15 CEST 03-09] AUSTRIA – Pensionskassen should have put more money into equities last year in order to get better results, consulting firm Mercer has suggested.
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Features
A changed landscape
Investment consultants are adapting their models to cope with increasing demands from clients, finds Pirkko Juntunen, but they face competition from investment banks and boutiques
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News
'Return-seeking' assets favoured by schemes
[16:45 CEST 30-08] UK – Four out of five final salary scheme sponsors would still prefer to have a significant exposure to 'return-seeking investments' despite recent market volatility, a study by Watson Wyatt suggests.
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News
Strong covenant key to cheap buyout - consultants
[16:45 CEST 22-08] UK – Banks like Citigroup or other entities with strong covenants are starting to offer cheap buyout solutions for pension schemes which will "keeps trustees happy", Watson Wyatt has pointed out.
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News
IASB clarifies IFRIC application
[16:45 CEST 22-08] EUROPE – Market commentators have incorrectly assessed the effects of IFRIC 14 on pension schemes, the International Accounting Standard Board (IASB) said today.
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News
Most schemes silent on wind-up legislation – Paternoster
[16:51 CEST 21-08] UK – Inadequate governance at the vast majority of UK scheme means their rules do not reflect current legislation for winding up lump sums, suggests pension buyout firm Paternoster.
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News
Staffordshire tenders currency
[13:00 CEST 20-08] UK – The £2.3bn (€3.4bn) Staffordshire county council pension fund is looking to appoint a manager for an active currency portfolio sized between £500m and £1bn.
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News
Financial advice growth poses problems for PPM
[12:00 CEST 16-08] SWEDEN – An increasing use of financial advisers for fund selection in the Swedish premium pension plan could pose problems for the system as it generates potential bulk trading volumes.
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News
Northern Trust doubles pooling assets
[16:45 CEST 14-08] GLOBAL – Assets under custody in Northern Trust's cross-border pooling vehicles have more than doubled over the last year to reach $24bn (€17.7bn).
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News
Pension funds more active as shareholders – NAPF
[16:45 CEST 14-08] UK – Large UK pension funds’ engagement with the companies in which they hold shares is growing further and getting results, says the National Association of Pension Funds (NAPF).
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News
FRR finds new CIO
[14:53 CEST 14-08] FRANCE – Nicolas Sobczak was named the new chief investment officer of the €33.4bn Fonds de Réserve pour les Retraites (FRR).
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News
State Street steps up private equity servicing
[14:00 CEST 09-08] GLOBAL – State Street has bought the New Jersey private equity specialist Palmeri Fund Administrators (PFA), for an undisclosed sum.
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News
Luxembourg's FDC appoints actuary
[13:00 CEST 09-08] LUXEMBOURG – The €5bn Fonds de Compensation commun au regime general de pension (FDC) has chosen Ernst & Young as its actuary.
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News
Cardiff seeks transition managers
[16:00 CEST 03-08] UK – The £899m (€1.34bn) Cardiff and Vale of Glamorgan Pension Fund is looking for a ‘panel’ of transition managers, IPE has learnt.
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News
PwC to advise government on pensions
[14:00 CEST 01-08] UK – The UK government has awarded the contract for the review of civil servants pension delivery.
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News
Myners to deliver personal accounts
[13:55 CEST 25-07] UK – Paul Myners, author of the Myners Review and chairman of the hedge fund group Ermitage, has been appointed as chair designate of the Personal Accounts Delivery Authority.
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News
Actuarial data creates £20bn mortality rate “margin” - KPMG
[15:30 CEST 24-07] UK – Differing mortality rate assumptions used by pension fund advisers could be contributing a “margin of error” in pension fund liabilities of around £20bn, suggests research.
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News
Watson Wyatt completes Heissmann acquisition
[13:30 CEST 20-07] GERMANY – Watson Wyatt has completed its acquisition of Heissmann, Germany’s leading pensions actuarial and pensions consulting firm with 360 employees and annual revenues of above €50m.
