Advisers – Page 94
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News
Mercer hires Punter Southall’s Vassiliades
UK – Mercer Investment Consulting has hired Punter Southall’s London office head Danny Vassiliades as a principal.
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News
US steps up probe of pension consultants
US – The US Department of Labor is now investigating pension consultants following an earlier probe by the Securities and Exchange Commission.
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News
Hewitt international chief Morgan retires
UK - Peter Morgan, chief of Hewitt’s international actuarial and benefits team, has retired after more than 30 years.
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News
Shake-up at UK government actuary department
UK – The Government Actuary’s Department’s roughly £1m (€1.5m) national population projections arm has been transferred to the Office for National Statistics (ONS) following recommendations in the Morris Review released in March 2005.
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News
MP says NAPF “scared stiff” of national scheme
UK – A Member of Parliament for the ruling Labour Party has said the National Association of Pension Funds is “scared stiff” of the Pension Commission’s proposed new National Pension Savings Scheme.
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News
SG buys UniCredit securities services arm
ITALY - Société Générale Securities Services has bought UniCrédit’s securities services business 2S Banca for €548m, giving it an extra €455bn in custody assets.
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News
DB/DC shift may be cyclical, says UK actuary
UK – The shift from defined benefit to defined contribution pension arrangements may simply be a cyclical trend that could be reversed, says the president of the Institute of Actuaries.
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News
Measures to tackle ageing not enough - Barroso
EUROPE – European member states’ measures to tackle population ageing are “not equal to the task,” says European Commission president José Manuel Barroso.
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News
London pension fund gets new board members
UK – London Mayor Ken Livingstone has appointed former Insight Investment CIO Michael Deakin, and retired Deloitte & Touche director Icky Iqbal to the board of the £3bn (€4.4bn) London Pension Fund Authority (LPFA).
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Features
FoF take-off
Funds of funds had a terrific run in November, confirming market sentiment about the technical correction witnessed in October (and consequently, a dip in returns) – that it is of a short-term nature. The lowered risk appetites seen in October were visibly buoyed by robust economic data, moderate inflation in ...
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News
Record demand for Germany’s Riester pensions
GERMANY- Demand for the ‘Riester-Rente’, a government-subsidised private pension launched in 2002, hit a new record last quarter, pushing the total number of contracts for the pension to more than five million, according to German insurance lobby GDV.
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News
Korea seeks to arrest ex-Hermes fund manager
KOREA – An arrest warrant has been issued by the South Korean prosecuting authorities for former Hermes Investment Management fund manager Robert Clements, who has left the country.
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News
Fears over proposed UK national scheme costs
UK – Pension Commission member Professor John Hills has acknowledged there are fears about potential cost escalations with an industry-supplied National Pension Savings Scheme.
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News
Janus, LGIM, AXA report asset inflows
GLOBAL – Asset management firms Janus, Legal & General Investment Management and AXA Investment Managers have reported billions of euros in asset inflows.
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News
KPMG names investment management head
UK – KPMG partner Tom Brown has been appointed as the firm’s UK head of investment management and funds.
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News
UK’s FSA warns on pension consultant conflicts
UK – The UK’s Financial Services Authority today warned consultants, asset managers and pension fund trustees to guard against potential conflicts of interest in a highly concentrated consultant industry.
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News
Germany’s BVV fund names Aden to board
GERMANY – BVV, a €17.7bn pension fund for the German financial services industry, has appointed Helmut Aden to replace Christoph von Langsdorff on its two-member board.
