All articles by Cecilia Valente – Page 19
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Towers Perrin and EDS in $420m HR deal
GLOBAL – Benefit and human resources services firm Towers Perrin is planning to launch a new HR outsourcing services company with IT outsourcing firm EDS.
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Finance Act effect on trustee benefits reviewed
UK - The Finance Act 2004, meant to simplify pension taxation with a single tax code for occupational and personal pensions, might give trustees the power to increase benefits, a seminar has been told.
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Study calls for pension cuts for the childless
AUSTRIA – An Austrian think-tank has called for pensions to be adjusted to the number of the pensioner’s children making the childless liable to cuts of up to 50% in their pension benefits.
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UK Social Investment Forum seeks chief
UK- The UK Social Investment Forum, a network promoting the development of socially responsible investments among UK investors, is looking for a new executive director.
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Aon Consulting’s Belgian co-MD Claes leaves
EUROPE – Anne Claes, joint managing director at Aon Consulting in Belgium, has left.
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Putin seen as “off-handed” in pension row
RUSSIA - President Vladimir Putin and reformers should show “a little respect” for pensioners as they changes the country’s pension system, an economist who has studied the Russian pension regime says.
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Italy’s Banca Etica opens SRI funds to schemes
ITALY- Italian “ethical and ecological” bank Banca Etica has opened its three socially responsible investment funds to institutional investors - entering a market so far dominated by big names.
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Austria’s Gorbach wants rail retirement review
AUSTRIA – Vice chancellor Hubert Gorbach has called for laws regulating the employment of workers on Austrian Federal Railways to be changed in a bid to curb early retirement.
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UK’s Enfield seeks investment consultant
UK – The £370m (€525.9m) London Borough of Enfield Pension Fund is looking for an independent investment consultant.
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Julius Baer AUM rises 16% amid revamp
SWITZERLAND – The Julius Baer group, reporting a 16% rise in asset under management, is to undergo a revamp that will see its founding family give up control.
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Swiss plan second pillar clampdown
SWITZERLAND – The Federal Council has begun the third phase of the reform to the second pillar BVG schemes with a consultation on a clampdown on loopholes that favour richer insured people.
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Inarcassa says European equities beat benchmark
ITALY – Inarcassa, the €2.7bn association for self-employed engineers and architects, said its European equity portfolio outperformed its benchmark by 5.63% in 2004.
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Mercer HR Spanish marketing head leaves
SPAIN - Jacint Tío responsible for marketing with Mercer Human Resources Spain, has left the company “to explore new professionals trends”.
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Pickering becomes trustee at educational charity
UK – Alan Pickering, former chairman of the European Federation for Retirement Provision, has been invited to join the board of trustees of educational charity Pre-retirement Association.
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Allianz’s Gerdes joins Cominvest as CIO
GERMANY - Wolfram Gerdes, joint chief investment officer of Allianz Global Investors’ Global Vision product, has left the company to succeed Cominvest Asset Management’s CIO, Wolfgang Plum.
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Enel pension fund hires new managers
ITALY – Generali Asset Management, Nextra Investment Management and AXA Investment Managers have lost out amid changes at the €360m pension scheme of the partly privatised state energy and gas producer Enel, FOPEN.
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Italy: researchers warn on Tfr pension risk
TALY – Researchers have warned workers with irregular jobs not to put all their end-of-career payment, known as the Tfr, into pension funds.
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Janus nabs ING’s Grassi for Italy sales role
ITALY – Janus Capital Group has appointed ING’s Marco Grassi to the new position of sales director for Italy to focus on Italian institutional clients.
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Swiss unions want vote over pension age
SWITZERLAND – The president of the Swiss Trade Union Confederation (SGB), Paul Rechsteiner, has called for a popular vote over whether to make the first pillar pension age flexible.
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UK councils tender bonds, equities and property
UK - Northamptonshire, Essex and North Yorkshire County Councils have put out requests for tenders for equity, bond and real estate portfolios worth a total of more than £500m (€715.5m).





