All IPE articles in August 2004 (Online) – Page 8
-
News
Gartmore creates head of pooled products role
UK – Gartmore Investment Management says it has hired Kevin Scollan from J P Morgan Fleming Asset Management to the new role of head of pooled products.
-
News
Austrian harmonisation a “leap in the dark”
AUSTRIA - The Green party has labelled the centre-right government’s planned harmonisation of the state pension system “a leap in the dark” with the “most negative” consequences for those affected.
-
News
Italian pension vote postponed
ITALY - The conclusive vote on the pension reform, widely expected in the lower chamber of parliament today, has been postponed under request of governing coalition member the Northern League.
-
News
UK coal scheme transfers E385m to cover deficit
UK – The 9.2 billion-pound (13.6 billion-euro) British Coal Staff Superannuation Scheme has transferred 259 million pounds from its investment reserve to cover a deficit in its 6.89 billion-pound Guaranteed Fund.
-
News
Hymans makes “significant investment” in admin
UK – Consulting firm Hymans Robertson says it has made a “significant investment” in third party pensions administration with the selection of Comino Group’s Universal Pensions Management system.
-
News
SSGA CEO Harbert dies of heart attack
GLOBAL – Tim Harbert, chairman and chief executive of State Street Global Advisors, has died of a heart attack.
-
News
Watson, Hewitt involved in Austrian hedge move
AUSTRIA – Consulting firms Watson Wyatt and Hewitt bacon & Woodrow are both involved in an Austrian hedge fund venture launched by Raiffeisen Capital Management.
-
News
Kaupthing says it hires SSGA’s Wardi
NORDIC – Iceland’s Kaupthing, which recently set up a UK asset management business, says it has hired State Street Global Advisors’ Peik Wardi to boost its Northern European institutional business.
-
News
Czechs eye mid-2006 for pension reform
CZECH REPUBLIC - The Czech Parliament approved this week the new government’s programme, which includes a pledge to prepare a reform of the pension system by the next general election scheduled for mid-2006.
-
News
Fortis institutional assets flat in second quarter
EUROPE - Fortis Investments, the asset management arm of the Fortis group, gained no new institutional assets in the second quarter of 2004, according to its latest earnings report.
-
News
Capita, Watson win Next pension business
UK - Capita Hartshead and Watson Wyatt have been appointed by the Next Group Pension Plan.
-
News
IPE-QUEST: Multi-manager tenders Japan equities
EUROPE - A European multi-manager has tendered an actively managed Japanese large-cap or all-cap equity brief through IPE-Quest.
-
News
Switzerland merges pension expert committees
SWITZERLAND - The Bundesrat, the Swiss executive arm, has decided to merge two expert committees working on pension-related issues into one commission.
-
News
AP1 may appoint more external managers
SWEDEN – Första AP-fonden, the 148.1 billion-crown (16 billion-euro) first Swedish buffer fund, says it can’t rule out the possibility of hiring more external asset managers – and that it has set up a new external management unit.
-
News
Directive to reveal E297bn UK deficits – PWC
UK – The European pension directive’s solvency requirements will reveal that UK corporate pension schemes are 200 billion pounds (296.7 billion euros) in deficit, according to an article by PricewaterhouseCoopers partner John Shuttleworth.
-
News
Austria’s VPK and BVP complete merger
AUSTRIA- The two billion-euro multi-employer Vereinigte Pensionskassen AG, VPK, and the 1.2 billion-euro banking and insurance sector pension fund BVP-Pensionskassen AG have merged.
-
News
BlackRock to buy State Street Research
US – US investment management firm BlackRock is to buy State Street Research, which is not related to its Boston neighbour State Street Corp., from MetLife for 375 million dollars (310 million euros) in cash and stock.
-
News
UK trustees facing OPRA “planning blight”
UK – The UK’s occupational pensions regulator has published guidance on underfunded schemes in wind-up – but observers say it demonstrates the “planning blight” trustees are facing ahead of final details about financial assistance.
-
News
Hewitt to cut up to 350 jobs in Exult merger
GLOBAL – Hewitt Associates says it will eliminate up to 350 jobs as part of its planned acquisition of Exult – with some losses taking place outside the US.
-
News
AP4’s Swedish equities returns “unsatisfactory”
SWEDEN - Fjärde AP-fonden, the fourth Swedish buffer fund, returned 5.5% in the first half of 2004 - weighed down by an “unsatisfactory” performance of its Swedish equities portfolio.
