All articles by Daniel Brooksbank – Page 133
-
News
Macedonia issues pension fund management tender
MACEDONIA – Macedonia’s pension insurance agency has issued a tender inviting bids for two pension fund management licenses.
-
News
140 jobs go as Bank of NY takes over NCS
UK – Citing market consolidation and increased price competition, National Australia Bank’s National Custodian Services is to transfer its UK clients to the Bank of New York - with the loss of 140 jobs.
-
News
Citigroup asset management income slips 16%
GLOBAL – Citigroup’s asset management net income, which includes Retirement Services, fell 16% to 69 million dollars in the second quarter, from 82 million dollars a year before.
-
News
UK “working as fast as possible” on DB aid
UK – The UK government says it is working “as quickly as we can” on a scheme to provide assistance for victims of underfunded wound-up defined benefit pension schemes.
-
News
Spanish pension fund assets rise 14%
SPAIN - The assets managed by Spanish pension funds rose more than 14% in 2003, according to the economy ministry.
-
News
MLIM’s institutional assets decline to E190bn
GLOBAL – Merrill Lynch Investment Managers’ institutional assets under management have fallen to 235 billion dollars (190 billion euros) from 239 billion dollars a year ago.
-
News
SSGA launches absolute return currency fund
GLOBAL - State Street Global Advisors has launched its first absolute return currency fund for institutional investors.
-
News
State Street CEO sees revenue pressure
GLOBAL - State Street Corp. says it expects "downward pressure" on revenues in the short term - and costs related to its European outsourcing business.
-
News
ING-Bank of NY alliance has first big custody win
EUROPE - ING and the Bank of New York say their year-old securities services joint venture has won a 900 million-euro custody deal from Hamburg-Mannheimer - its first major win.
-
News
UK’s DWP to cut budget and 30,000 jobs
UK – The UK government’s Department of Work and Pensions is to cut its staff by 30,000 and its administration budget by three percent a year - the unions said they couldn’t rule out industrial action.
-
News
Watson Wyatt sees rise in “risk-sharing” pensions
UK – Watson Wyatt says risk-sharing is the fastest growing type of pension scheme design – and that many more employers will consider this option in the coming years.
-
News
Blue Sky to “actively explore” cooperation
NETHERLANDS – The Blue Sky Group, which manages the pension assets of airline KLM, says it will “actively explore” cooperation possibilities.
-
News
UBS hires Royal Bank of Scotland’s Williams
UK – UBS has hired Huw Williams, head of pension fund strategy at Royal Bank of Scotland, as head of pensions strategy.
-
News
CEA says public pensions a priority for insurers
EUROPE – Viable public pensions systems and portable pensions are priorities for European insurers, says the new head of the European insurance industry body the CEA.
-
News
Pensions grow to 41% of asset management - report
GLOBAL - Pension fund assets have risen to 41% of the asset management industry's client assets in Benelux, France, Germany and Italy, up from 41%.
-
News
M&S reveals pension trustees’ investment data
UK – Retailer Marks & Spencer has revealed information provided by its pension trustee about investment policy amid the ongoing takeover battle for the company.
-
News
Mellon consulting arm hires Hymans’ George
UK - Mellon Financial Corp.’s Human Resources & Investor Solutions arm has named Marian George as a senior investment consultant.
-
News
F&C names director of sales for Germany
GERMANY - F&C Management has named Andreas Steinmeier, formerly head of institutional marketing and sales at Commerzbank’s Cominvest Asset Management, as director of sales and client service for Germany.
-
News
Mercer says UK pension deficits fall to E95.9bn
UK – Mercer Human Resource Consulting says pension scheme deficits at companies in the FTSE350 index fell to 64 billion pounds (95.9 billion euros) from 74 billion pounds over 2003.
-
News
Former HVB pension head Eckert joins Allianz
GERMANY - Carsten Eckert, former chief executive of Pension Consult, the consulting arm of HypoVereinsbank, has joined Allianz.
