All articles by Cecilia Valente – Page 17
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Watson’s Urwin calls for two-tier trustees
UK - Pension funds should have a two-tier trustee system, where “prudent experts” call the shots, says Roger Urwin, global head of investment consulting at Watson Wyatt.
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Hermes says UK disclosure has gone too far
SWITZERLAND - Corporate disclosure has gone too far in the UK, says Colin Melvin, director of corporate governance at Hermes Pensions Management.
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FEFSI chief warns of over-regulation
SWITZERLAND - The secretary general of the European Federation of Investment funds and Companies, or FEFSI, says the European funds market is moving towards “over regulation”.
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Mercer’s Muysken pinpoints non-benchmark myths
SWITZERLAND - Institutional investors considering non-benchmarked mandates only to reduce equity market exposure risk should consider a number of alternative options first, a top researcher from Mercer Investment Consulting has told a conference.
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ING IM Europe to avoid UK, for now - Kemna
SWITZERLAND - ING Investment Management Europe is not prepared to enter the UK market at the moment because its regulations are too complicated, says chief executive Angelien Kemna.
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Make your assets work smarter – BAA’s Hunt
SWITZERLAND - Pension funds should aim at making their assets work smarter rather than harder says Eric Hunt, group pensions manager at the £1.7bn (€2.5bn) BAA Pension Fund.
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PME’s van den Brink slams asset managers
SWITZERLAND - Roland van den Brink, managing director investments at the €16bn Pensioenfonds Metalektro (PME), has attacked asset managers for not understanding their pension fund clients.
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Pursue alpha independently, says CalPERS CIO
SWITZERLAND - Mark Anson, chief investment officer for the $175bn California Public Employees' Retirement System, CalPERS, says pension funds should pursue alpha independently from beta.
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UBS says institutional business almost doubles
SWITZERLAND –UBS said its Global Asset Management arm reported a pre-tax profit increase of 64% in 2004 and that institutional business almost doubled.
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Swiss returns “well under” benchmark – WM
SWITZERLAND - Swiss pension funds performed “well under” the Swiss Balanced Benchmark index in 2004, hit by holding too many equities, according to State Street’s WM Performance Services.
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Greece looks to Irish pension reform model
GREECE – The Greek government may turn to Ireland for “inspiration” on pension changes, a Finance and Economy Ministry spokeswoman has told IPE.
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Austrian schemes return 7.3%, association says
AUSTRIA – Austrian pension funds made average returns of 7.3% in 2004, according to the country’s Association of Pension Funds, FVPK.
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Sanofi-Aventis’ pension chief Zamagna leaves
GLOBAL - Petra Zamagna, head of benefits finance and asset management for pension and saving plans at pharmaceuticals group Sanofi-Aventis, has stepped down as she prepares to leave the company.
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Italy turns to experts for pension regulation
ITALY – The Italian welfare ministry is to set up a committee of experts to regulate the changes to the second pillar brought by the pension reform.
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French SRI market doubles in two years - survey
FRANCE - Assets of ethical funds in the French market have more than doubled in the past two years, according to socially responsible investing consultant Novethic.
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Credit Suisse property fund tops volume target
SWITZERLAND – Credit Suisse said its new International Real Estate Fund has exceeded its original issue volume target of CHF500m (€322m) by 17%.
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BNP Paribas aims to raise AUM by €50bn
FRANCE – BNP Paribas is targeting a €50bn increase in assets under management by 2007 – coming on top of an 8.3% rise in AUM last year.
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Row erupts over Italian railway pensions
ITALY- A row has erupted between the government and the railway industry over a tax-free bonus for pension age employees who decide continue to work.
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Small Paris companies get second pillar boost
FRANCE – Small and medium sized firms in Paris got a pension boost today with the launch of the plan d'epargne salariale interentreprises de Paris (PESI).
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UK university scheme to provide financial advice
UK – The £20bn (€28.2bn) Universities Superannuation Scheme is to launch a pilot project to provide its members with financial advice.
