All articles by Daniel Brooksbank – Page 112
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UK needs '10m migrants for pension crisis'
UK - The UK needs up to 10 million migrant workers by 2025 to maintain the basic state pension, according to new academic research.
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Deloitte unveils pension pooling for multinationals
EUROPE - Professional services firm Deloitte has launched a pension pooling offering and said it is working with consumer products group Unilever on implementing pooling in practice.
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Fidelity names pan-Europe bond business head
EUROPE - Fidelity Investments has named Achim Gloger as business development director for pan-Europe in its institutional fixed income team to help as clients move into bonds.
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ABN Amro AUM slips, hit by equities and FX
GLOBAL – ABN Amro’s client assets under management slipped 2.4% in the third quarter, hit by lower equity markets and foreign exchange movements.
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“Pragmatic” pensions accounting for UK banks
UK – Financial services firms in the UK are to be subject to “pragmatic” pension accounting rules in a bid to save millions of pounds in compliance costs, according to a consultation document from the Financial Services Authority.
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IFRS prompts KAS to change pension scheme
NETHERLANDS - Dutch securities services provider KAS Bank is to change its own pension scheme amid higher costs as a result of new International Financial Reporting Standards.
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Actuaries Punter Southall names new principals
UK - Actuarial consultancy Punter Southall & Co, has named three new principals: Sarah Gwinnett, Richard Darnell and Richard Jones.
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Aon consulting business gets international boost
GLOBAL - International business has given a boost to Aon Corp.'s consulting arm - though the company reported lower overall earnings and said overall revenue growth was less than anticipated.
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Petroleum Fund to suspend FX buying in December
NORWAY – Norges Bank is to suspend its foreign exchange purchases on behalf of the 942.4 billion-crown (114.1 billion-euro) Petroleum Fund in December due to a lack of liquidity in the markets at that time.
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DaimlerChrysler makes E915m pension contribution
GLOBAL – Car giant DaimlerChrysler says it has cut its liabilities with pension fund contributions of almost a billion euros in the first nine months of the year.
