Advisers – Page 82
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News
Aon Consulting profit down 20%
GLOBAL – Profit and revenue at Aon Consulting slipped in the second quarter, parent Aon Corp. said.
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News
Hewitt delays third-quarter earnings
GLOBAL – Pension consulting and human resources firm Hewitt Associates has delayed its third-quarter earnings announcement.
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News
ING disbands global retirement department
NETHERLANDS – ING Group, the Dutch banking and insurance group, has abolished its Global Retirement Services department.
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News
Mercer Q2 profit “disappointing”, says parent
GLOBAL – Mercer Human Resource Consulting’s profitability in the second quarter was “disappointing”, according to parent company Marsh & McLennan Companies.
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News
Germany’s BVI seeking consultant transparency
GERMANY – Claiming inadequate transparency among investment consultants, German fund industry association BVI has prepared a questionnaire seeking detailed information about their business, IPE has learned.
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News
Aegon launches study on multinational pensions
GLOBAL – Insurance group Aegon has launched an online study to develop a “future vision” of multinational companies’ pension plans in the future.
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News
Centrica awards pensions admin to Mercer
UK - Mercer Human Resource Consulting says it has been appointed to provide administration services for the defined benefit pension arrangements of energy company Centrica, covering more than £2.5bn (€3.6bn) in assets.
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Features
The truth about custodian fees
It could be argued that custodians have had years of super profits due to unadjusted custody fee schedules, opaque charging for foreign exchange and unidentified revenues from spreads on interest paid and charged. However, the past few years have seen significant downward pressure on custodians’ fees and improved transparency of ...
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News
Tower Hamlets tenders UK and global equities
UK – The £640m (€935m) London Borough of Tower Hamlets Pension Fund has tendered an initial £160m in UK and global equities.
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News
Woolworths scheme puts 10% into alternatives
UK – The £300m (€438m) Woolworths Group Pension Scheme is to put 10% into alternative investments including property and active currency following an investment review by Hewitt Associates.
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News
Germany's Westfalen-Lippe fund backs Hermes
GERMANY - The €6.85bn Westfalen-Lippe doctors' pension fund has put €25m into the Hermes European Focus Fund.
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News
Mercer takes over at €2.4bn Allied Domecq scheme
EUROPE – Mercer Human Resource Consulting has taken over the running of the €2.4bn pension fund of drinks firm Allied Domecq.
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News
Mercer acquires Pendia in Switzerland
SWITZERLAND - Mercer Human Resource Consulting has acquired Swiss consulting firm Pendia Associates.
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News
NAPF seeking pensions investment policy adviser
UK – The National Association of Pension Funds has advertised a vacancy for a Pensions Investment Policy Adviser.
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News
Allied Domecq’s Smith strikes out on his own
UK – Brian Smith, former pensions and international benefits executive at drinks firm Allied Domecq, has set up on his own.
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News
IASB sets up pensions accounting review
GLOBAL - The International Accounting Standards Board has added post-retirement benefits, including pensions, to its latest research agenda.
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News
Russell hires Mercer Global Investments chief
GLOBAL - Russell Investment Group has hired Mercer Global Investment’s US president Barry McInerney as director of client service.
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News
The Hague taps Aegon for levensloop scheme
NETHERLANDS - The city council of The Hague has chosen insurer Aegon to provide a life course (levensloop) pension arrangement for all of its 8,000 employees, Aegon announced.
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News
Forbo scheme names MN as investment manager
NETHERLANDS - The company pension fund of linoleum producer Forbo has selected MN Services as its new investment manager, MN has announced.
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News
Asset management M&A hits record – report
GLOBAL – The sale of asset management businesses worldwide in the first half of 2006 hit the highest level ever, according to a new report.
