All articles by Daniel Brooksbank – Page 90
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Features
Merger brings sadness at Watsons
Partners at UK-based consulting firm Watson Wyatt LLP are sad over its plans to merge with its US affiliate, says managing partner Babloo Ramamurthy. Washington-based Watson Wyatt & Co said in January it would buy the Reigate firm for $451m(E338m) in cash and stock. “Many partners are experiencing sadness about ...
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Features
Great hope of British pensions
It’s very difficult to find anybody to say a bad thing about Adair Turner. The former head of the industry group the Confederation of British Industry, who now heads the UK’s Pension Commission, has a lot of fans. Turner has a blue-chip background in public policy, academia and the financial ...
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Features
RBC ousts SocGen in R&M custody survey
RBC Global Services has knocked Société Générale from the top in a widely-watched survey of global custodians organised by R&M Consultants. RBC, second last year, forced last year’s leader into second place. Mellon Group came in third, from seventh – ousting Pictet, which has slipped to fifth. One of the ...
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News
ABN Amro pension deficit widens to €1.96bn
NETHERLANDS – The pension deficit of Dutch financial services group ABN Amro has widened to €1.96bn at the end of 2004, from €1.32bn a year earlier.
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News
Robeco sees €1.3bn institutional outflow
NETHERLANDS – Robeco, the asset management arm of Rabobank, saw a net outflow of institutional assets of €1.3bn in 2004 – mainly from US institutions.
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News
Assets going to fewer managers – Credit Suisse
GLOBAL – Credit Suisse says more new investment flows are going to a small number of fund managers as it becomes more difficult for active managers to outperform.
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News
MEP warns about fragmentation in EU pensions
EUROPE – A member of the European Parliament, José Manuel García-Margallo y Marfil, has warned that the fragmentation in European pensions has hit both savers and the wider economy.
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News
Dutch ‘move to alternatives, emerging markets’
NETHERLANDS – Dutch pension funds have moved more into alternative assets and emerging markets in a quest for market outperformance and diversification, says performance measurement firm WM.
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News
Pensions Management Institute names president
UK - The Pensions Management Institute has named Penny Green, chief executive of the Superannuation Arrangements of the University of London, as its new president, taking over from Roger Cobley.
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News
PPF wants trustees to be proactive
UK – The new Pension Protection Fund has called for a “constructive and proactive” relationship with trustees of failed pension schemes.
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News
Schroders' investment chief pockets €5.3m
UK – The head of investments at asset manager Schroders, Richard Horlick, was paid a total of £3.65m (€5.3m) in 2004, according to its annual report.
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News
Gloucestershire scheme in €65m property move
UK – The £640m Gloucestershire County Council Pension Scheme has put its entire £45m (€65m) property exposure into the Hermes Property Unit Trust, or HPUT.
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News
Pension managers need time for swaps - Barclays
GLOBAL – Barclays Capital says pension managers will continue to move into longer-dated paper via the cash market until they are comfortable with swaps.
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News
Standard Life in property deal for pension fund
UK - Standard Life Investments has bought a central London property on behalf of its Pooled Property Pension Fund for £20m (€28.8m).
