All articles by Daniel Brooksbank – Page 99
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News
Moody’s sees UK schemes transferring liabilities
UK – Ratings firm Moody’s Investors Service says it expects public sector and occupational pension schemes in the UK to transfer liabilities via insurance or ‘mortality bonds’ in the next few years.
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News
State Street names Harbert’s successor at SSGA
GLOBAL – State Street Corp. has named William Hunt, who currently manages its largest client relationships, to replace Tim Harbert as chief executive of State Street Global Advisors.
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Features
SSGA launches pooled fund liability matching for schemes
State Street Global Advisors has launched a flexible pooled vehicle, which lets schemes match future liabilities within different inflation environments. SSGA said its new ‘Pooled Asset Liability Matching Solution’ (PALMS) “enables pension funds to match their projected future liabilities within different inflation environments using a flexible and cost-effective pooled vehicle”. ...
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Features
Hedge funds in the mainstream
Hedge funds have now moved into the mainstream with 32% of European institutions now using them, Greenwich Associates says. “Among European institutions, the proportion using hedge funds jumped to 32% in 2004 from 23% a year earlier,” the Connecticut-based consulting firm sasy. It added that US institutional use climbed to ...
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News
HSBC’s actuarial arm hires Hewitt principal
UK – HSBC’s actuarial consulting arm says it has hired Hewitt Associates principal Simon Lawrence.
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News
Fortis CEO eyes acquisitions and partnerships
EUROPE – Jean-Paul Votron, the new chief executive of Fortis, says the company plans “selective acquisitions and partnerships” in Europe in a bid to boost growth.
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News
Strike threat over UK local government pensions
UK - Local government workers may strike over planned changes to their pension scheme, which they say are being "rushed through Parliament".
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News
Laverick facing MP’s scrutiny over IBM (Correct)
(Corrects factual error in third paragraph) UK – A member of parliament for the ruling Labour party has questioned David Laverick, the Pensions Ombudsman, over his determinations in pension complaints against computer firm IBM.
