All articles by Daniel Brooksbank – Page 162
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French reserve fund announces benchmarks
FRANCE – The French pensions reserve fund says it has selected the benchmark indices for the mandates it is awarding to asset managers.
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Russia: independent pension managers shunned
RUSSIA - Only two percent of Russian employees have chosen independent managers for their pension assets, prompting concerns over the country’s pension reform.
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CSAM says Swiss pension assets rise E7.7bn
SWITZERLAND – Credit Suisse Asset Management says its Swiss Pension Fund Index rose more than three percentage points in the fourth quarter, representing a rise in assets of around 12 billion Swiss francs (7.7 billion euros).
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Belgacom’s Speeckaert joins Sofina as MD
BELGIUM – Marc Speeckaert, general manager of pension funds at Belgacom, is to join listed Belgian investment group Sofina as managing director.
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F&C chief says clients “positive” about IPO plan
EUROPE – The chief executive of asset manager F&C says its clients are positive about its plans to seek a stock market listing.
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Standard Life Investments names acting CEO
UK – Standard Life Investments has named its chief investment officer Keith Skeoch as acting chief executive following Sandy Crombie’s appointment as CEO of the parent company.
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Henderson European equities director Elwes leaves
UK – Ben Elwes, director of European equities at Henderson Global Investors, has left and been replaced by Andrew Koch from HSBC Asset Management.
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EU says French pension reform “clearly welcome”
FRANCE – The European Commission says France’s pension reform is “clearly to be welcomed” but says the risks of future imbalances cannot be ruled out.
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Mercer, Putnam revenues rise, says parent Marsh
GLOBAL – Marsh & McLennan says that revenues at its Mercer and Putnam subsidiaries rose by 17% and 18% in the fourth quarter.
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Allianz Leben posts 65% corporate pension growth
GERMANY – Allianz Leben has recorded a 65% increase in corporate pensions business in 2003 – with corporates now accounting for more than 40% of new business.
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ABP explains reasons for sticking to asset mix
NETHERLANDS – A top manager at the Dutch civil service pension fund ABP has expanded on the reasons why the 150 billion-euro fund has stuck with its long-term asset allocation.
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Isis to apply SRI to corporate bonds
EUROPE – Isis Asset Management says it will apply engagement methods to rate corporate bonds on socially responsible investing criteria.
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Carlton pensions head to leave in merger
UK – The head of pensions at TV company Carlton Communications, Gerry White, is to leave following Carlton’s merger with Granada.
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Metalektro hires Isis for SRI overlay
NETHERLANDS – The 14 billion-euro pension fund for the Dutch metals industry, Metalektro or PME, has appointed Isis Asset Management to manage a voting and socially responsible overlay programme.
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UK local authority defends tobacco investments
UK – The head of the 620 million-pound (897 million-euro) Shropshire County Pension Fund has defended its decision to readmit tobacco investments – a move which has saved 2.9 million euros.
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Wolters Kluwer pension director van Schie retires
NETHERLANDS – Cees van Schie has retired as director of the 500 million-euro Dutch pension fund of publishing firm Wolters Kluwer.
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ABI's Francis says SRI can boost returns
UK – The head of the UK insurance association says that socially and ethically responsible investing can increase returns and reduce volatility.
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UK pension trustee insurance in crisis – report
UK – The number of insurers prepared to take on pension trustee liability insurance has halved in the last 18 months – leading to rising premiums, said insurance broker Heath Lambert.
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Scandinavian fund tenders equities via IPE-Quest
SCANDINAVIA – A Scandinavian pension fund has tendered up to 100 million dollars in Asia-Pacific equities and up to 50 million dollars in emerging markets equities via IPE-Quest.
