All articles by Cecilia Valente – Page 25
-
News
Sweden's AP7 buys 5% of SRI firm Ethix
SWEDEN - The five billion-euro Sjunde AP-fonden, the seventh Swedish national pension fund, has bought five percent of socially responsible investment research company Ethix SRI Advisors for one million crowns.
-
News
Lothian scheme looking for consultants
UK - The two billion-pound (2.87 billion-euro) Lothian Pension Fund is looking for two consultants for asset liability studies and strategic advice.
-
News
Russian chief suggests raising retirement age
RUSSIA - Russian Pension Fund Chairman Gennady Batanov has sparked controversy by suggesting an increase of the retirement age by a maximum of five years.
-
News
Portugal eyes state firms’ pension funds
PORTUGAL - The government could get hold of assets and liabilities of three funded pension funds of state-owned companies in a bid to keep the public deficit within EU limits.
-
News
BNP Paribas picks up Luxemburg SICAV brief
LUXEMBURG - The Luxemburg-based real estate fund for institutional investors, Sireo Immobilienfonds n°4 SICAV, has awarded BNP Paribas Immobilier a 200 million-euro mandate to be invested on the French market.
-
News
Swiss second-pillar gets boost with rule change
SWITZERLAND - More than 100,000 extra workers will be eligible to join the second-pillar pension from 2005, as the Federal council has confirmed changes to the rules on marginal income.
-
News
Aon ousts Watson Wyatt at Metso in the UK
UK - Aon Consulting says it has been appointed by the UK division of Finland’s Metso Minerals as its full pension services provider, ousting incumbent Watson Wyatt.
-
News
Clywd scheme sees no mystery in currency
UK - Investing in currency funds is "nothing mysterious, just another investment opportunity", says a Flintshire county council official who helps to run the 563 million-pound (809.6 million-euro) Clwyd Pension Fund.
-
News
Ministers enter Austrian rail pensions row
AUSTRIA - Cabinet ministers Hubert Gorbach and Karl-Heinz Grasser have dismissed the option of early pensions for up to 6,000 employees of the state railways as the government continues its work to implement the pension harmonisation.
-
News
Italian pension indemnity could cost up to E1bn
ITALY - The payment of Italian workers’ end-of-career indemnities into pension funds, a key aspect of the pension reform, could cost the government about one billion euros says the president of pension fund regulator Covip.
-
News
Portuguese funds set to return 7.5% this year
PORTUGAL – Portuguese pension funds are expected to close the year with a 7.5% return compared with eight percent last year, according to Watson Wyatt.
-
News
BBVA and Innovest in Spanish SRI venture
SPAIN – Innovest Strategic Value Advisors, whose principal outside investor is Dutch pension fund ABP, has started a partnership with Banco Bilbao Vizcaya Gestión to launch a corporate sustainability SRI fund.
-
News
AXA Rosenberg says it wins CAA equities brief
UK - AXA Rosenberg says it has been selected by the 3.7 billion-pound (5.3 billion-euro) Civil Aviation Authority Pension Scheme to manage a 70 million-pound European equity mandate.
-
News
Cross-border IORPs on agenda at key EU meeting
EUROPE - Karel van Hulle, the new head of the insurance unit of the European Commission, is to chair a key meeting with member states on the transposition of the pension fund directive this Friday in Brussels.
-
News
IPE-QUEST: Danish foundation tenders E40m
DENMARK - Investment consultant Kirstein Finans has put in a request for tenders for a 40 million-euro euro-zone credit mandate via IPE-Quest.
-
News
UBS hires Oppenheim’s Welton
SWITZERLAND - UBS Global Asset Management has hired Drew Welton, head of international marketing at Bank Sal Oppenheim jr & Cie
