Advisers – Page 88
-
News
ATP makes €470m from hedging
DENMARK – ATP, Denmark’s largest pension fund, made a profit of DKK3.5bn (€469.6m), from its hedging activities in the first quarter of 2006.
-
News
French reserve fund grows to €28bn
FRANCE - The FRR, the Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has grown to €28.1bn after making a 4.3% return on assets in the first quarter.
-
News
External boards key for small schemes - AZL
NETHERLANDS - Small pension funds could extend their board with external professionals, as a way to guarantee their survival as an independent scheme, says Dutch pensions provider and asset manager AZL.
-
News
Dutch Labour leader tough on early retirement
NETHERLANDS -The Dutch Labour Party (PvdA) want a tougher policy on discouraging workers from taking early retirement, said its leader Wouter Bos.
-
News
Bols’ €130m scheme reinsures its liabilities
NETHERLANDS - Pension fund Erven Lucas Bols has chosen insurer Zwitserleven (Swiss Life) for the reinsurance of its pension liabilities, the insurer has announced.
-
News
Hymans axed from Newham scheme
UK - The London Borough of Newham has axed consultancy firm Hymans Robertson as actuarial services provider for its £500m (€719m) defined benefit scheme - the fund has appointed Mercer instead.
-
News
Hewitt to open Istanbul office
TURKEY – Global consulting firm Hewitt Associates is due to officially open an office in Istanbul in the summer.
-
News
French reserve fund re-tenders transition broking
FRANCE – The FRR, the €26.6bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has re-tendered a €16bn transition broking brief it awarded to Goldman Sachs less than two years ago.
-
News
Julius Baer asset management chief von Ah quits
SWITZERLAND – Swiss private bank Julius Baer has announced that Roman von Ah, head of asset management for continental Europe, is stepping down as of April 28.
-
News
Latest “Blue Book” UK reference guide published
UK – The latest edition of ‘Pensions Funds and their Advisers’ – the “Blue Book” - has been published by AP Information Services in association with the National Association of Pension Funds.
-
News
Pension fund FX trading surges – Greenwich
GLOBAL – Pension fund and asset manager activity in the global foreign exchange market grew 48% last year according to consulting firm Greenwich Associates.
-
News
Call for streamlined Dutch pension supervision
NETHERLANDS – A Dutch MP has called for the dual supervision of the pensions industry – by the central bank and the AFM market authority – to be scrapped.
-
News
CalPERS names ex-DeAM’s Read as CIO
GLOBAL – The California Public Employees' Retirement System has appointed former Deutsche Asset Management deputy chief investment officer Russell Read as CIO of the $208bn (€169bn) public pension scheme.
-
News
EU raps 11 member states over pension directive
EUROPE – The European Commission has ratcheted up the pressure on 11 member states it says have not fully implemented the occupational pension funds directive.
-
News
Ageing driving European life insurance – CEA
EUROPE – The European life insurance market’s growth to a record turnover is due in part to changing demographics, says European industry group the Comité Européen des Assurances.
-
News
ABN Amro’s Fernandes joins Citigroup
UK – Francis Fernandes, the former Lane Clark & Peacock partner who joined ABN Amro two years ago, has now quit to join Citigroup’s pensions advisory group in London.
-
News
CalSTRS, CalPERS build new manager database
US – US pension fund giants CalSTRS and CalPERS are putting together a database of emergent asset management companies in a bid to gain access to “untapped talent”.
-
News
Heissmann taps Hewitt’s Royers for Paris office
FRANCE – International consultant Buck Heissmann has recruited Joel Royers from rival Hewitt to head its new office in Paris.
-
News
ING IM providing ALM, asset allocation to schemes
EUROPE – ING Investment Management is performing asset liability modelling and asset allocations for European pension funds, says chief executive Angelien Kemna.
