All IPE articles in December 2004 (Online) – Page 2
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Bank of England chief eyes longevity bonds
UK - The governor of the Bank of England, Mervyn King, has suggested that the government issue longevity bonds to help annuity providers to hedge longevity risk.
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S&P in Russian equity index move
RUSSIA - RTS Stock Exchange (RTS), the Moscow-based stock exchange, and Standard & Poor’s are to develop a “new generation” of Russian equity indices.
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Germany: F&C to offer SRI option next year
GERMANY – F&C aims to offer institutional clients a socially responsible investing option next year, according to Claus Heidrich, co-head of F&C’s German branch.
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SWIP registers Italian mutual fund range
ITALY - Scottish Widows Investment Partnership says it has registered its mutual fund range for sale in Italy.
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FEFSI says UCITS sales slow in Q3
EUROPE – European investment fund body FEFSI says net sales of UCITS slowed down in the third quarter of 2004 to 14 billion euros - from 24 billion euros in the second quarter.
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EU’s CEIOPS sees IFRS introducing volatility
EUROPE - The Committee of European Insurance and Occupational Pension Supervisors has said that the introduction of new accounting standards for pensions will increase liabilities and introduce volatility.
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IPE Awards – the full list of winners
EUROPE – The full list of country and themed-award winners at this week’s IPE Awards is now available below.
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UK debt office consults on long-dated bonds
UK – The UK’s Debt Management Office has launched a consultation on ultra-long dated government bonds following talks with the pension industry this summer.
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Red faces over Dutch pension bill error
NETHERLANDS – The Dutch government and Parliament have to repair a mistake in the country’s new Pensions bill, it has emerged.
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Strike threat over UK civil service pensions
UK – The government has confirmed it is reviewing the Civil Service Pension Scheme – prompting the threat of strikes from the unions.
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Pension funds to save “millions” in ITG-EXN deal
EUROPE – Pension funds could be set to save millions of pounds as a result of Posit operator ITG Europe’s plans to buy E-Crossnet, or EXN, the equities crossing network that is owned by asset management firms.
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Skandia’s Nammack sets up own firm
SWEDEN - Kristian Nammack, the head of external asset management at Stockholm-based Skandia Liv Kapitalförvaltning, has left the group to set up his own company.
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Benkner named head of DeAM in Europe
EUROPE - Deutsche Bank is to relocate Deutsche Asset Management’s headquarters to Frankfurt from London amid a revamp that has seen Paul Manduca replaced by Axel Benkner as DeAM’s European chief executive.
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Pension funds seeking yield in FX market – BIS
GLOBAL – Pension funds are helping to drive activity in the foreign exchange market as part of a “global search for yield” the Bank for International Settlements says.
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Hermes sees conflict in government trustee plan
UK – Hermes, the pension manager owned by the BT Pension Scheme, has said there is a conflict between the demands for increased trustee professionalism and the requirement for members to nominate 50% of trustees.
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EU to review fund industry amid pension timebomb
EUROPE – Calling the current framework for investment funds “an old banger”, Europe’s new internal market commissioner Charlie McCreevy says he will review the asset management industry in a bid to help defuse the pensions timebomb.
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Dutch OPF slams “irresponsible” Pensions Bill
NETHERLANDS – The Dutch corporate pension fund association, the OPF, has slammed the government’s timing of the new pensions bill, calling its introduction in 2006 “irresponsible lawmaking”.
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Dutch SBA shifts investment strategy (Update)
(Updates with more details) NETHERLANDS – The 11 billion-euro SBA Artsenpensioenfonds (Pension Fund for General Practitioners and Medical Specialists) says it will overhaul its investment strategy.
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Pension Protection Fund quiet amid T&N crisis
UK – The Pension Protection Fund appeared to be keeping its own counsel today over the crisis-hit Turner & Newall Pension Scheme, which could be facing wind-up after parent company Federal-Mogul withdrew its offer to continue the scheme.
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State Street’s Princeton arm opens Amsterdam office
NETHERLANDS - Princeton Financial Systems, a wholly owned subsidiary of financial services giant State Street, has opened an office in Amsterdam.
