All IPE articles in December 2005 (Online)
View all stories from this issue.
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News
Star calls for Dutch governance principles
NETHERLANDS - The implementation of the principles for pension fund governance by scheme boards must be made mandatory, the Dutch Labour Foundation has said.
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Dutch governance body Eumedion launches
NETHERLANDS - The corporate governance forum Eumedion – formerly known as SCGOP – has started under its new name with nine new members.
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Sampo consolidates Baltic pension operations
BALTIC – Finland's Sampo group has consolidated its life and pensions operations in the Baltic region.
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Delta Lloyd’s Bostanci wins IPE/AIMSE scholarship
GLOBAL - The 2005 IPE/AIMSE Scholarship has gone to Sibel Bostanci, head of institutional sales at investment management firm Delta Lloyd in Germany.
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CAPS says UK equity weightings at new low
UK – Balanced pooled funds’ UK equity weightings are at a new low, according to the latest CAPS pooled pension fund update.
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Providers prepare as Norway goes mandatory
NORWAY - Norwegian pension providers are gearing up for a market boost with the introduction of mandatory employer contributions to privately managed employee pension funds.
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Swiss government approves first-pillar reforms
SWITZERLAND – The Swiss government has given final approval to several major first-pillar reforms, including equalising the legal retirement age for men and women and reducing the legal amount of the reserve fund for the state pension scheme.
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EU Commission calls for flexible retirement ages
EUROPE – The European Commission says the right policy response to increasing life expectancy may be flexible retirement ages.
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London Pension Fund pulls €677m from Henderson
UK – The London Pension Fund Authority has pulled a total of £460m (€677m) from Henderson Global Investors as part of an investment review.
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Allianz Global Investors sets up Luxembourg arm
EUROPE – Allianz Global Investors has founded a subsidiary in Luxembourg from which it plans to bolster its European presence, especially where investment funds are concerned.
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F&C puts 2005 asset outflows at €11.5bn
UK - F&C Asset Management expects to post net asset outflows of around £7.8bn (€11.5bn) in 2005 – excluding the previously announced €20bn insurance withdrawals.
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Cordares-ASW merger set for January
NETHERLANDS - The Dutch construction industry pensions providers Cordares and ASW say they will complete their previously announced merger as of January 1.
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UK body to review pension liabilities disclosure
UK – The UK’s corporate financial reporting regulator is to review best practice for firms’ disclosure of pensions liabilities.
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Horeca moves into commodities
NETHERLANDS - Pensioenfonds Horeca & Catering, the €2bn Dutch hotel and catering scheme, has awarded a passive commodities mandate to Western Asset Management.
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Rentokil closes DB scheme, cuts equities
UK – Pest-control firm Rentokil is to close its final salary defined benefit pension scheme and cut equities exposure in a bid to address its £325m (€481m) deficit.
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German pension association Aba rejects DC
GERMANY – Germany’s occupational pensions association Aba has come out against the proliferation of defined contribution plans in Germany, arguing that DC creates new risks for employers and is ineffective.
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PGGM names new head of strategy & research
NETHERLANDS – PGGM, the Dutch health care pension fund, has named Jaap van Dam as head of strategy and research.
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SPF Beheer gets more LevensloopPlus takers
NETHERLANDS - Four more pension schemes have joined the initiative of Dutch railways pension fund SPF for a joint ‘levensloop', or life course, scheme.
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Mercer parent MMC names new CFO
GLOBAL – Marsh & McLennan, the parent company of Mercer and Putnam, has named a new chief financial officer to take over from Sandra Wijnberg.
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Fiduciary Trust in management reshuffle
GLOBAL – Anne Tatlock is to retire as chairman and chief executive at Franklin Resources’ Fiduciary Trust Co. in the autumn of 2006.
