All articles by Daniel Brooksbank – Page 100
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BG pension scheme taps Lane Clark for DB admin
UK - Consulting firm Lane Clark & Peacock says it has been appointed by gas company BG Group to provide pension administration for the £300m (E433m) BG Pension Scheme and two other schemes.
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Pension accounting to boost earnings – Citigroup
UK – New pension accounting rules could improve earnings at almost a third of large UK companies, according to new research from Citigroup.
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Confidence returns to Belgian schemes
BELGIUM – Belgian pension funds moved towards equities last year and returned 9.75% amid renewed investment confidence, the national association says.
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Mercer president Coster exits amid revamp
GLOBAL – Mercer’s president Peter Coster is retiring from the firm months after being removed from the board of parent company Marsh & McLennan Companies.
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Watson Wyatt Ireland hires ex-E&Y economist
IRELAND – Watson Wyatt says it has hired a former chief economist at Ernst & Young, Paul Droop, to be a senior investment consultant in its Dublin office.
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MEPs to debate hedge fund regulation
EUROPE - The European Parliament's Committee on Economic and Monetary Affairs is set to debate whether the European Commission should provide guidelines for the regulation of hedge funds.
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Germany still at odds over pensions accounting
GERMANY - The German Accounting Standards Committee says it still disagrees with certain amendments to IAS19, the pensions accounting standard.
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PGGM taps ABP’s Frijns as external adviser
NETHERLANDS – Jean Frijns, the outgoing chief investment officer at ABP, is to advise the E60bn Dutch health care scheme PGGM.
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Watson's Urwin sees lower equity allocations
GLOBAL - Roger Urwin, global head of investment consulting at Watson Wyatt, says several factors will mean pension schemes will adopt a lower equity allocation in the future.
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Retail surpasses institutional at MLIM in Europe
EUROPE – Merrill Lynch Investment Managers’ institutional revenues in Europe have been “surpassed” by retail mutual fund sales for the first time.
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Bank of New York makes Luxembourg, S&P buys
EUROPE - The Bank of New York has announced two acquisitions, involving a Luxembourg fund services firm and Standard & Poor’s institutional brokerage arm.
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Northern Trust wins E467m Brown Shipley custody
UK - Northern Trust says it has won a £325m (E467m) fund accounting and global custody brief from Brown Shipley’s KBL Investment Funds Ltd. for its Solus funds.
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Netherlands’ PMT scheme sees “moderate” 2005
NETHERLANDS - Pensioenfonds Metaal en Techniek, the scheme for Dutch metalworkers and mechanical engineers, sees an “only moderate” 2005 – despite returning 11.5% in 2004.
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BGI’s ALM head joins Pension Protection Fund
UK – Partha Dasgupta, head of asset/liability management at Barclays Global Investors, has joined the new Pensions Protection Funds as director of investment and finance.
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Asset managers call for pension tax consistency
EUROPE – There has been a new call for consistency in European pension taxation, this time in a report prepared by asset management industry figures.
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UK schemes respond to gilts consultation
UK – Pension schemes have responded to a consultation on ultra-long government bonds, the Debt Management Office says.
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Psolve nabs three Aon consultants
UK - Psolve Asset Solutions, sister firm of consultant Punter Southall, says it has hired three investment consultants from Aon in Scotland.
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Mercer arm aids Bank of New York branding
GLOBAL – The Bank of New York is set to unveil its new corporate branding this week following input from Mercer’s design consulting arm Lippincott.
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Poland’s Gora calls for pan-Europe pensions tax
EUROPE – Marek Gora, one of the architects of Poland’s pension reform, has called for a single European pension taxation and fee regime.
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Denmark’s PKA puts performance down to equities
DENMARK - Danish industry-wide pension fund PKA group has reported that the eight pension funds within the group achieved a 2004 pre-tax return of between 13.6% and 15.0%.
