All articles by Daniel Brooksbank – Page 73
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US Treasury to issue 30-year bond
US – The US Treasury has decided to return to issuing 30-year bonds, in a move seen as responding to demands from pension funds as they seek longer-dated securities to help match liabilities.
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ABP continues UK real estate moves
UK/NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, has continued to buy into UK real estate firms, according to company filings.
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Mercer multi-management gets “excellent” response
US – Mercer Human Resource Consulting has had an “excellent” response from US clients for its new multi-management offering, says parent firm Marsh & McLennan Cos.
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MN Services’ legal head Pelle moves on
NETHERLANDS – MN Services’ head of legal and fiscal affairs, Willem-Jan Pelle, is moving on after 11 years with the pension management company.
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UK MPs start parliamentary pensions group
UK – Members of Parliament have set up a group aimed at forming a pensions consensus.
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Watson Wyatt’s Hoogeveen joins Mercer
NETHERLANDS – Former Watson Wyatt consultant Jan Hoogeveen has been appointed principal at Mercer's retirement and international practice in Amstelveen.
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Standard Life under scrutiny at South Yorkshire
UK – The £2.8bn (€4bn) South Yorkshire Pension Fund is seeking an advisor for a £220m commercial property portfolio – putting incumbent Standard Life Investments under scrutiny.
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ABN Amro sees asset outflow amid review
NETHERLANDS – Dutch banking group ABN Amro says there may be an outflow of assets under management as it reviews the profitability of some mandates and products.
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Beswick made redundant at RMB Multimanagers
UK – RMB Multimanagers has made business development head Jeremy Beswick redundant amid a focus on profitability.
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Staffordshire scheme revamps managers
UK – The £1.7bn (€2.5bn) Staffordshire County Council Pension Fund has revealed a sweeping revamp of its investment manager roster.
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Watson Wyatt says merger complete
GLOBAL – US-based Watson Wyatt & Co. says it has completed its acquisition of UK-based affiliate Watson Wyatt LLP.
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Hewitt loses out to Capita at animal charity
UK – The Royal Society for the Prevention of Cruelty to Animals has awarded a three-year contract to Capita Hartshead to administer its defined benefit pension scheme, resulting in a loss for incumbent Hewitt Bacon & Woodrow.
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Hermes’ in-house pension deficit widens
UK – The in-house pension fund of Hermes Pensions Management, the asset manager owned by the BT Pension Fund, saw its deficit widen in 2004, company documents show.
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Watson Wyatt shareholders OK merger
US – Consulting firm Watson Wyatt & Co. says it has won shareholder approval for a share issue related to its merger with European affiliate Watson Wyatt LLP (Updates with result of vote).
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TIAA-CREF plans to restructure funds
US - Educational pension fund group TIAA-CREF says it may consolidate some retail funds into its institutional offering.
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British coal scheme seeking new trustee
UK – The £9.6bn (€13.8bn) British Coal Staff Superannuation Scheme is looking for a new trustee to replace civil servant Ann Taylor.
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White is the new Black at Buck Consultants
UK - Actuaries Buck Consultants have appointed Lane Clark & Peacock's Steven White as its head of investment consulting - replacing Paul Black, who joined LCP earlier this month.
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MLIM’s Doll sees ‘halo effect’ of Philips deal
NETHERLANDS – Bob Doll, president and chief investment officer of Merrill Lynch Investment Managers, has spoken of the “halo effect” its deal to manage €12bn of Philips pension assets could have for the firm.
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The balanced mandate is back, industry says
UK – The traditional balanced mandate appears to be making a return, albeit under a new guise, according to investment consultants and asset managers.
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Watson's Thornton in share sale (Update)
GLOBAL – Paul Thornton, European senior partner at consulting firm Watson Wyatt, has sold $2.63m (€2.2m) worth of shares in the company (Updates with clarification).
