All articles by Daniel Brooksbank – Page 156
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News
Russell says its multi-manager assets top $100bn
GLOBAL – Multi-management specialist Russell says it has surpassed 100 billion dollars (80.4 billion euros) in assets under management – and that European institutions are buying into its hedge fund programme.
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News
Norway’s KLP gains 185 new clients
NORWAY – Mutually owned Norwegian life insurer KLP says it gained a total of 171 new public enterprise and 14 new corporate pension plan clients in 2003.
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News
Hewitt calls for delay to UK pension tax reform
UK – Hewitt Bacon & Woodrow has called for the planned implementation of UK pension taxation reform to be put back a year.
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News
State Street names Luxembourg sales head
LUXEMBOURG - State Street Corp. has named Jim Clark as sales and marketing director in Luxembourg.
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Features
Promised land draws nearer
State Street says it still has “work to do” on integrating the Global Securities Services business it bought a year ago – but insists the integration was going well. “We still have work to do in Europe, where client conversions are currently underway,” said chairman and chief executive David Spina. ...
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News
FTSE and ISS to create governance indices
EUROPE – Index provider FTSE has teamed up with US governance ratings group ISS to provide corporate governance indices.
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News
VB says 16 funds fall short of cost price
NETHERLANDS - The Dutch Association of Industry-wide Pension Funds, the VB, says the premiums at 16 of its 82 member funds still fall short of cost price.
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News
Watson Wyatt pursuing “strategic acquisitions”
GLOBAL – The chief executive of Watson Wyatt & Co. has said the company is pursuing “strategic acquisitions” as part of its growth strategy.
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News
LGIM's institutional fund mgmt profit falls
UK – Legal & General says the operating profit of its institutional fund management arm LGIM fell to 80 million pounds (119.7 million euros) in 2003 from 92 million pounds in 2002, a decline of 13%.
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News
Eurostat backs company pension fund transfers
EUROPE - The European statistical office says the transfer of company pension funds to states should be recorded as government revenue - with a positive impact on government deficits.
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News
Myners at odds with Pickering over trustees
UK - Paul Myners says he disagrees with European Federation for Retirement Provision chairman Alan Pickering about the future of trustees – though the NAPF said its former chairman had raised an “interesting point”.
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News
Pickering: trustees have 'outlived their usefulness'
EUROPE – The chairman of the European Federation for Retirement Provision, Alan Pickering, has called into question the 'Anglo-Saxon' system of trustees, saying trustees have “outlived their usefulness”.
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News
IAPF chief worried about DC awareness
IRELAND – The Irish Association of Pension Funds says it is concerned about the lack of awareness among members of defined contribution pension schemes.
