All articles by Barbara Ottawa – Page 120
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Schroders under review at Berkshire fund
UK – The £1.4bn (€2.1bn) Berkshire county pension fund is looking for a specialist Asia-Pacific (including Japan) manager for a mandate in excess of £80m.
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€5.4bn Pensions Trust re-appoints custodian
UK – The £3.6bn (€5.4bn) Pensions Trust has re-appointed Northern Trust as its global custodian.
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Association of British Insurers’ pension head leaves
UK – Chris Kenny, head of pensions at the Association of British Insurers (ABI), will be leaving the organisation as of tomorrow.
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Consulting firm Blacket goes into liquidation
UK – Blacket Research, the firm set up to evaluate trustee decisions and investment consultants’ advice to pension funds, has gone into liquidation after heavy losses.
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Turkey implements new pension parameters
TURKEY – The Turkish government says it will implement new pension parameters to help put its medium-term finances on a secure footing.
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Capital International institutional assets decline (amended)
EUROPE – Capital International has seen its European (including UK) institutional assets decline 5% since December 2005.
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UBS, Aberdeen under review in Waltham revamp
UK – The £430m (€641m) London Borough of Waltham Forest pension fund is completely overhauling its investment strategy in a move from multi-asset to specialist managers.
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Ex-Unilever pensions head Lewin to help DWP
UK – The Department for Work and Pensions has appointed former Unilever UK head of pensions Chris Lewin to help it cut red tape.
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UK Mineworkers' fund names trustee director
UK – The £10.5bn (€15.6bn) Mineworkers’ Pension Scheme has appointed Vivien Cockerill, pensions partner of law firm Wragge & Co., as a trustee director.
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USS seeks to strengthen UK equities team
UK – The £26bn (€38.5bn) Universities Superannuation Scheme is looking for a UK smaller companies portfolio manager to strengthen its UK equities team.
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Suffolk in search for currency overlay manager
UK – The £1.2bn (€1.8bn) Suffolk County Council Pension Fund is looking to award a £403m currency overlay mandate for its overseas currency exposure.
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John Lewis awards Japan equities to JP Morgan
UK – The £1.7bn (€2.5bn) John Lewis Partnership pension fund has awarded JP Morgan Asset Management a £50m Japanese active equities mandate.
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Hewitt launches pension consultancy in Hungary
HUNGARY – Hewitt Associates is strengthening its office in Budapest with two new businesses, namely a European pensions actuarial services team and a pensions and benefit finance consulting unit.
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FRR executive board chairman Mayer dies
FRANCE – Francis Mayer, chairman of the executive board at the €29bn Fonds de Réserve Pour les Retraites and chief executive of the Caisse des Dépôts, the French civil servants’ fund, has died aged 56.
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Four AP funds award combined SRI brief
SWEDEN – A joint socially responsible investing tender from four Swedish buffer funds (AP1, AP2, AP3 and AP4), with assets in excess of €80bn, has been awarded to GES Investment Services.
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Another consultant to leave Complementa
SWITZERLAND – Erich Züger, investment controller at Swiss pension consultant Complementa Investment-Controlling, will leave the company in January.
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IBM helped to steal pension money, Russia says
RUSSIA – Special investigation teams have raided the offices of IBM, the Russian Pension Fund and two Russian computer companies in connection with allegations of embezzlement of pension money.
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Consultants, clients concerned over BoNY-Mellon
GLOBAL – The merger announced this week by custody providers Bank of New York and Mellon Financial Corp. has been greeted with concern by consultants, pension fund clients and industry insiders.
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Amicus sees DB/DC template for Bank of Ireland
IRELAND – A deal on the creation of a hybrid DB/DC at the Irish Life & Permanent TSB bank might be a model for resolving the Bank of Ireland dispute, the union Amicus says.
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Generali, Wüstenrot win Austrian pension tenders
AUSTRIA – The Austrian insurance companies Generali and Wüstenrot have both won tenders for providing company pensions in Vienna.
