All articles by Carolyn Bandel – Page 68
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Paternoster names first client
UK – New bulk annuity buy-out firm Paternoster today announced an initial five pensions outsourcing deals – the first of their sort – with a “substantial” prospect for future deals.
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Browne appointed at Hibernian to head L&P leadership push
IRELAND – Dermot Browne has been appointed as Hibernian Life & Pensions new managing director, the Hibernian insurance group and one of the largest in Ireland, announced today.
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Kingfisher picks PIMCO for fixed income brief
UK – European retailer Kingfisher has appointed specialist fixed-income manager PIMCO to run a £96m (€134m) segregated bond mandate for its €1.372bn (£864m) pension scheme.
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PGGM to give full pension indexation from next year
NETHERLANDS – PGGM, the €77bn Dutch health care pension fund, will apply full indexation to pensions from the beginning of next year, the fund announced today.
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PPF covers 98 pension schemes in first year
UK – The Pension Protection Fund (PPF) has already accepted 98 pension schemes into its assessment period since opening its doors in April last year, the organisation announced today.
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Fortis eyes trustee governance
NETHERLANDS – International financial service group Fortis’ Dutch governance arm wants to educate pension fund trustees to take a more hands-on governing approach, the firm said today.
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Strathclyde seeking transition manager
UK – Glasgow City Council is seeking a transition manager for the movement of assets relating to planned and future investment changes in its £8.8bn (€12.3bn) Strathclyde pension fund, the local authority announced today.
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New Dutch investment consulting firm launched
NETHERLANDS – Jacco Koopmans, a former senior investment consultant at Hewitt Associates in the Netherlands, has started his own investment consultancy firm.
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ABP chairman Neervens dies aged 60
NETHERLANDS – John Neervens, chairman of the board at Dutch pension giant ABP, has died, the pension fund has announced on its website.
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Buckinghamshire reviews Bank of New York
UK – The £1bn (€1.4bn) Buckinghamshire County Council Pension Fund is reviewing the Bank of New York as its custodian, it appeared today.
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Watson nabs Deloitte’s Gambini for Italy role
ITALY – Watson Wyatt has set up an Italian insurance consulting unit and hired a Deloitte consultant to lead it.
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ISS sold to RiskMetrics
GLOBAL – Proxy voting agency Institutional Shareholder Services (ISS), globally the largest adviser to pension and mutual funds on casting shareholder votes, is to be sold for $553m (€434m) to RiskMetrics.
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North Yorkshire hands transition brief to Mellon
UK – The £1.2bn (€1.6bn) North Yorkshire County Council Pension Fund has awarded a £680m global equity transition management mandate to Mellon.
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Attack on Dutch minister’s pensions policy ‘disaster’
NETHERLANDS – One of the leading figures in the Dutch pensions industry has issued a broadside against the Dutch government’s supplementary pensions policy.
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Deutsche ‘outsources pension advisory to India’
GLOBAL – Deutsche Bank AG, Germany’s largest bank, is outsourcing parts of its pensions advisory business to India, according to Bloomberg.
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European schemes in US shareholder rights plea
GLOBAL – Several major European pension funds are among the signatories of a petition to the US Securities and Exchange Commission (SEC) requesting more rights for shareholders in electing corporate directors.
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Dutch regulator wary over collective DC
NETHERLANDS – Collective defined contribution (CDC), in a climate of limited interest in pensions and irrational decision-making, is not the cheapest option, argues an official at Dutch pension regulator De Nederlandsche Bank (DNB).
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AMF, Alecta announce c.5% returns
SWEDEN – Swedish pension institutions AMF Pension and Alecta have both today announced nine-month returns of around 5%.
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Dutch ice-skaters to get pension fund
NETHERLANDS – Dutch ice-skaters are to get a new pension fund if talks with provider Aegon succeed, a union official says.
