All articles by Cecilia Valente – Page 2
-
News
Ireland to target firms failing on pensions
IRELAND – Ireland’s Pensions Board plans to target the 30,000 employers who appear not to have met their pensions obligations.
-
News
Essex scheme set to change asset allocation
UK – The more than £2bn (€2.9bn) Essex County Council Pension Fund says it is poised to change its asset allocation as soon as possible.
-
News
Pearson pension scheme manager retires
UK – Pam Jenkins, secretary and manager of the £1bn (€1.5bn) defined benefit group pension of publishing group Pearson, has retired.
-
News
Switzerland’s Argau scheme gets gold sale boost
SWITZERLAND - The Swiss canton of Argau has used its share of the Swiss National Bank’s CHF14bn (€8.9bn) gold sale to finance the merger of its two pension funds and lower its pension deficit.
-
News
Portuguese returns boosted by European stocks
PORTUGAL – European equities, with an average yield of 4.4%, were the biggest source of return for Portuguese funds in July, according to Watson Wyatt.
-
News
Schroders’ Zerner joins Lazard AM as marketer
UK - Lazard Asset Management has appointed Schroder Investment Management’s Mary Zerner as head of central marketing services.
-
News
Britannic AM makes international hire
GLOBAL - Britannic Asset Management has appointed Michael Borkan, senior vice-president at Sinopia Asset Management, to develop its institutional and retail distribution outside the UK.
-
News
Shake-up at Nestlé’s Irish fund arm Robusta
IRELAND – Three pension executives of Swiss food group Nestlé have joined the board at Irish Stock Exchange-listed Robusta Asset Management Ltd.
-
News
FTSE pension deficit falls €17bn – Watson
UK - The pension deficit of FTSE 100 companies has gone down by nearly £12bn (€17.2bn) in July, while liabilities fell by about £6bn, according to consulting firm Watson Wyatt.
-
News
LPFA’s Scales joins educational charity board
UK - Peter Scales, chief executive of the London Pensions Fund Authority, has joined the Board of Trustees of the Pre-Retirement Association.
-
News
Swiss returns best for two years – reports
SWITZERLAND – Swiss pension fund assets exceeded CHF540bn (€346.7bn) in the second quarter of 2005 – with schemes making the best quarterly returns for 24 months, according to two studies published today.
-
News
Bank of NY replaces JP Morgan at ICI
UK - The £230m (€333.1m) ICI Specialty Chemicals Pension Fund has replaced appointed the Bank of New York as its custodian, resulting in a loss for JP Morgan Chase.
-
News
P&O to pay share of Merchant Navy deficit
UK - Shipping firm Royal P&O Nedlloyd says it is to start paying its share of deficit to the industry-wide Merchant Navy Officers' Pension Fund this summer.
-
News
Nestlé’s Spanish scheme eyes infrastructure
SPAIN - The €250m Spanish pension fund of Swiss-based food giant Nestlé says it may turn to infrastructure investments in its quest to broaden investments allocation.
-
News
IPE-QUEST: UK multi-manager tenders €81m
UK – A UK multi-manager has tendered a pan-Europe ex-UK large-cap growth equity mandate, which could be worth more than $100m (€81.1m), via IPE-Quest.
-
News
Madrid council scheme ‘eyes four managers’
SPAIN - Madrid town council’s pension fund, which is in the process of selecting new managers, has chosen four Spanish candidates for its final short-list, according to reports.
-
News
Feri consultants join Watson’s German practice
GERMANY - International consultant Watson Wyatt has hired Feri Institutional Management’s Jürgen Heiny and Zeljko Tipuric, for its Investment Consulting practice in Germany.
-
News
Citco changes owners
GLOBAL– Hedge funds service provider The Citco Group Ltd has announced that an investor group has acquired “a controlling interest” in the firm from the Sandoz Family Foundation.
-
News
BNL names MangustaRisk as pension consultant
ITALY – Banca Nazionale del Lavoro, one of Italy’s largest banks and asset managers, has hired MangustaRisk Ltd as consultant to its pension scheme, worth about €1bn.
-
News
SWIP pre-tax profits quadruple in 1H05
UK - Scottish Widows Investment Partnership (SWIP) posted first-half pre-tax profits that quadrupled mainly due to new institutional business.
