All articles by Daniel Brooksbank – Page 88
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Sweden’s Telia scheme shifts assets to SRI fund
SWEDEN – The Swedish pension scheme of Nordic telecoms firm TeliaSonera has shifted $140m (€108.7m) of assets into a socially responsible investing screened fund from State Street Global Advisors.
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Denmark’s ATP in socially responsible move
DENMARK – The Danish labour market pension fund ATP has signed a deal to use socially responsible investing research from Eiris.
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Watson Wyatt critical of investment banks
UK – Pension consulting firm Watson Wyatt has criticised investment banks for bombarding its clients with unnecessary products.
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NAPF venture has “concerns” over Jardine Lloyd
UK – The National Association of Pension Funds’ corporate governance venture says it has “several concerns” about governance at consulting and insurance firm Jardine Lloyd Thompson.
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Fortis hires MN’s Coenraads for Dutch real estate
NETHERLANDS - Fortis Investments has hired MN Services’ Bart Coenraads as chief investment officer for Dutch real estate.
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London police force in pensions admin deal
UK – The body which oversees the London police force has signed a pensions and payroll administration deal with LogicaCMG and Paymaster.
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Watson Wyatt boosts DC consulting
UK - Watson Wyatt has boosted its defined contribution consulting effort in the UK with the launch of a framework called Investment Gateway.
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FTK delay for pension funds “likely” – Rabobank
NETHERLANDS – The Dutch central bank is now “likely” to delay the new financial assessment framework for pension funds, according to Rabobank.
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Laurus ousts ING and Robeco in liability move
NETHERLANDS – The €340m pension scheme of Dutch food retailer Laurus has ousted ING and Robeco from running balanced bond and equity mandates worth €170m each.
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CalSTRS returns 13.1% and names chair
US – The $126.1bn California State Teachers' Retirement System made a 13.1% return on its investments in 2004.
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Janus names global head of consultant relations
GLOBAL – Janus Capital Group has named former Morgan Stanley executive Carolyn Patton as director of global client relations, a new role.
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Schroders seeks to cut institutional outflow
UK – Michael Dobson, chief executive at asset management firm Schroders, says the company’s top priority is to reverse a multi-billion pound outflow of institutional assets.
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Sweden to regulate for pension directive
SWEDEN - The Swedish government is putting forward proposals to implement the European directive on occupational pension funds.
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Mercer sees SRI becoming mainstream
GLOBAL - Mercer Investment Consulting says socially responsible investment practices are becoming mainstream among investment managers.
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Varma separates investment and supervision
FINLAND – Varma, Finland’s largest private sector pension insurer, has separated its investment and supervisory functions and replaced its risk management committee.
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General Electric outsources Dutch scheme to TKP
NETHERLANDS – The Dutch pension scheme of US industrial group General Electric is to outsource its pensions administration to Aegon’s TKP Pensioen.
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Mellon investment consulting head leaves
UK – Paul Black, head of investment consulting at Mellon Human Resources & Investment Solutions, is to join Lane Clark & Peacock.
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MEPs want pension directive implemented
EUROPE - The European Parliament's main economic committee has called on European Union member states to make progress on implementing the directive on occupational pension funds.
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Watson Wyatt to act over own UK pension deficit
UK – Pension consulting firm Watson Wyatt aims to make additional contributions to tackle a £5m (€7.2m) deficit at its own £108m pension scheme in the UK.
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Former Fortis CEO gets €2.4m pension
EUROPE – Anton van Rossum, who quit as chief executive of Fortis last year, has had €2.4m in pension commitments funded by the company.
