All articles by Barbara Ottawa – Page 113
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News
Pensions funds’ guide to monitoring engagement in China
UK – The Local Authority Pension Fund Forum (LAPFF) has issued a guide for pension funds on how to monitor fund manager engagement in China.
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News
Fortis Investments gets €10bn inflow
EUROPE - Fortis Investments, the asset management arm of the Fortis group, reported a net inflow of €10.1bn for 2006.
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Aon Consulting sells off SSAS client portfolio
UK – Pensions consultant Barnett Waddingham has acquired Aon’s consulting and trustee services for Small Self Administered Schemes (SSAS).
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Germans to work two years longer
GERMANY – German parliament today approved a government proposal to raise the retirement age from 65 to 67.
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EU to launch pension annuity probe
BRUSSELS – The European Commission has issued a tender for a study on how current products on the EU market that convert accrued assets in pension funds into annuities are developing and whether they are adequate, modern and sustainable.
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Norwegian fund seeks real estate tax advice
NORWAY – The Norwegian finance ministry has issued a tender for a company to draft a report on tax issues relating to investments in real estate and infrastructure in 32 markets outside Norway.
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UK industry cold on FSA, pension regulation merger
UK – Industry representatives have taken a negative view of a proposed merger of the FSA and pension regulation bodies.
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Swiss keep pension supervision outside new authority
SWITZERLAND – The Swiss parliament has rejected proposals to merge the supervision of pension funds with that of other financial institutions.
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News
IPE-QUEST: Dutch fund seeks property manager
NETHERLANDS – An industrywide Dutch pension fund is looking for a manager for a €75m active pan-Europe core real estate portfolio using IPE-QUEST (QN727).
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£3.6bn London fund appoints new investment head
UK – The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) has found a replacement for Suzanne Ross, the investment director who left last November just five weeks after joining.
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RBC Dexia wins satisfaction survey again
GLOBAL – RBC Dexia Investor Services has been ranked best global custodian for the third year running in the annual R&M Survey, based on client satisfaction with service.
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Marchettini sells Adelaide to Hewitt
ITALY – Adelaide Consulting, the executive remuneration adviser set up by Piero Marchettini and Claudio Pinna, has been sold to Hewitt for an undisclosed sum.
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News
AP3 cries freedom in private equity
SWEDEN – The SEK212.2bn (€23bn) Swedish buffer fund, AP3 wants more freedom to invest in private equity.
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IPE-QUEST: Danish fund in Japan search
DENMARK – A Danish pension fund is looking to appoint an active core large/all cap Japan equities manager using IPE-QUEST (QN722).
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JPMorgan wins Wellcome mandate
UK – JPMorgan Worldwide Security Services is to replace State Street as custodian for a £9.5bn (€14bn) mandate with the Wellcome Trust.
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Polish treasury stays tough in Eureko dispute
POLAND – The Polish treasury has told IPE that the state-held stake in the country’s largest insurer, PZU, will not be reduced until the ongoing conflict with Dutch shareholder Eureko is resolved.
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Czechs look for clarity on contributions
CZECH REPUBLIC – Pension providers will have to distinguish client contributions from fund assets if a new consensus between Czech parliamentary parties and industry representatives succeeds.
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News
United Nations to outsource $9bn US equities
GLOBAL – The $36.6bn (€27.7bn) United Nations Joint Staff Pension Fund (UNJSPF) has decided to outsource its $9bn US equities portfolio.
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News
AP3 seeks enhanced indexing manager
SWEDEN – The SEK212.2bn (€22.9bn) third Swedish buffer fund, AP3 is tendering for external mangers for global enhanced indexing.
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Features
USS restructures its custody arrangements
he UK’s £26bn (€38.5bn) Universities Superannuation Scheme (USS) has awarded ABN AMRO Mellon Global Securities Services a £5bn global custody, cash management and securities lending solutions mandate, while the fund re-appointed JPMorgan as custodian for £24bn of its assets. The move follows USS’s 2005 review of all its custody arrangements, ...
