All IPE articles in August 2003 (Online) – Page 5
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S&P says European fixed-interest funds rise 3%
EUROPE – The median European fixed interest fund for each of the main investment sectors rose by three percent over the first half of 2003, says Standard & Poor’s.
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Railpen hires ex-ISIS director Watts
UK - Railpen Investments, the investment arm of the UK Railways Pension Trustee Co., has hired Polly Watts, a former director of institutional funds at ISIS Asset Management.
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Mercer hosts seminars on moving to DC
UK – Mercer Human Resource Consulting is hosting a series of half-day seminars on the challenge of moving to a defined contribution pension scheme.
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Unilever’s missing vote mystery partly solved
UK/NETHERLANDS - US proxy voting agency Institutional Shareholder Services has admitted to being partly responsible for the millions of lost votes at Unilever’s annual meeting.
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UK pensions complaints rise 26% - ombudsman
UK – Pensions complaints are increasing at such a rate, 26%, that the pensions ombudsman is finding it difficult to cope.
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French pensions bill gets rubber stamp
FRANCE – France’s constitutional council has validated the new pensions bill, marking the final stage of the lengthy pensions reform process.
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NAPF to push investing in smaller companies
UK – The National Association of Pensions Funds is in talks with the Quoted Companies Alliance about how to inform its members about investing in smaller companies.
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EU defends officials’ regional pension weighting
EUROPE – The European Commission has defended the system of regional weightings of officials’ pensions.
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AMF Pension posts first-half returns of 5.8%
SWEDEN - AMF Pension says it made a return on investments of 5.8% in the first half of this year.
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State Street nears capital adequacy limits
GLOBAL – State Street Corp. says it is nearing US regulatory limits on capital adequacy – but says it has enough capital to do what it wants to do
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Sweden's AP3 posts first-half returns of +6.9%
SWEDEN – The third Swedish national pension fund, Tredje AP-Fonden or AP3, has reported positive returns of 6.9% for the first half of this year, even though property investments failed to perform.
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Credit Suisse AM sees asset-allocation role
EUROPE – Institutional investors will increasingly seek asset-allocation advice from their fund managers rather than from their consultant, believes Credit Suisse Asset Management.
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Swedish pension funds and euro set for debate
SWEDEN - There's to be a debate in Stockholm about the possible impact of the forthcoming euro referendum will have on Swedish pension funds.
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UK’s Singer says hit by consultants’ changes
UK – Banking and fund management firm Singer & Friedlander says it has lost several institutional mandates as a result of shifts in strategy by consultants and asset allocation by clients.
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Russell/Mellon CAPS hires ex-DeAM marketer Jasani
UK – Russell/Mellon CAPS has bolstered its marketing team with addition of Bella Jasani and Tony Novo.
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Handelsbanken gets pension surplus boost
SWEDEN - Svenska Handelsbanken says its pension surplus is set to boost shareholder equity by around one billion crowns (107.6 million euros).
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Ireland admits slow take-up of PRSAs
IRELAND – Social and family affairs minister Mary Coughlan has admitted that the new Personal Retirement Savings Accounts have been slow to take off.
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UK’s OPRA updates winding-up publication
UK – OPRA, the UK occupational pensions regulatory authority has produced an updated publication about winding up defined benefit schemes aimed at trustees, advisers and insolvency practitioners.
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Belgian pension fund returns at 4-year high
BELGIUM – Belgian pension funds have produced the highest first-half returns in four years, according to data from ABIP, the Belgian association of pension funds.
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Swiss unions protest at pension “robbery” by insurers
SWITZERLAND – Members of the Swiss industrial and building union, SIB, have protested against plans by Winterthur to lower pension conversion rates and hike premiums - with one official likening the matter to robbery.
