All IPE articles in December 2005 (Online) – Page 4
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Former Watson Europe head Whalley leaves
GLOBAL – Alan Whalley, the former European managing partner at Watson Wyatt LLP who went on to a senior post at Watson Wyatt & Co. in the US, has left the firm unexpectedly.
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NAPF teams up on Blue Book directory
UK – The National Association of Pension Funds has teamed up with publisher AP Information Services on the “Blue Book” directory of UK pension funds.
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UK gas workers’ pension strike “solid”
UK – A strike by gas engineers over plans to close their final salary pensions scheme has had a “solid” response, according to the GMB union.
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Belgian funds see pan-European opportunity
BELGIUM – For Belgium, 2006 presents a window of opportunity to establish itself as a central player for pan-European pensions, the pension fund association says.
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Saab AB sets up €265m pension fund
SWEDEN – The board of aviation firm Saab AB has approved the allocation of roughly SEK2.5bn (€265m) to a new pension fund, the Saab Pensionsstiftelse.
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Poland approves Nordea pension purchase
POLAND – The Polish authorities have approved Nordea’s previously announced acquisition of Sampo’s Polish life and pensions businesses.
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UK coal trustees searching for new CEO
UK - The UK's £20bn coal industry pension funds have hired a recruiting firm to find a replacement for Coal Pension Trustees' chief executive David Morgan, who will retire in 2008.
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Ilmarinen’s Puhakka to join OKO Pohjola AM
FINLAND – Jari Puhakka, head of securities at Ilmarinen Mutual Pension Insurance Co., has left to join the new OKO-Pohjola Asset Management Co.
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Dutch schemes losing out on bonds - statistics
NETHERLANDS – Dutch pension funds and insurers’ fixed income portfolios returned –0.2% in the third quarter of 2005, according to the national statistics office.
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Valais canton boosting civil service schemes
SWITZERLAND – The government of the Swiss canton of Valais has unveiled a set of measures aimed at improving the poor financial health of two pension schemes that serve teachers and civil servants in the region.
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CalSTRS in $3bn emerging market move
GLOBAL – California teaching pension fund CalSTRS has picked five asset managers to run around $3bn (€2.5bn) of emerging markets assets.
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Dutch doctors tap WM for measurement
NETHERLANDS - Doctors Pension Funds Services, which runs a combined €11.7bn for the two Dutch doctors’ schemes, has awarded a performance measurement brief to State Street’s WM arm.
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ABP joins Enhanced Analytics Initiative
NETHERLANDS - The €187bn Dutch civil service pension fund Stichting Pensioenfonds ABP has joined the Enhanced Analytics Initiative as a full member.
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ABN Amro Mellon takes on 22 F&C staff
NETHERLANDS – Custody provider ABN Amro Mellon Global Securities Services is taking on 22 staff from F&C as part of a Dutch outsourcing deal.
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UK schemes buying linkers at any price - BOE
UK – The Bank of England says UK pension funds are buying index-linked gilts at virtually any price – caught in a vicious circle of falling yields and falling funding ratios.
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Purchase boosts Morningstar investment consulting
US – Investment research firm Morningstar says its $83m (€69.6m) cash acquisition of asset allocation firm Ibbotson will boost its investment consulting business.
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DeAM, Trinkaus in running for Henkel CTA
GERMANY – Industry sources say Deutsche Asset Management and HSBC’s Trinkhaus Capital Management may be in line to advise chemicals firm Henkel on its planned contractual trust arrangement – an external fund to finance more than €1bn in pension liabilities.
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EFAMA names UK’s Trenchard as director general
EUROPE – European investment fund association EFAMA has named the UK’s Viscount Hugh Trenchard as its new director general.
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Grontmij awards LDI bond brief to PIMCO
NETHERLANDS - PIMCO says it has been awarded a more than €300m liability driven bond brief by Grontmij Pensioenfonds.
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Schroders seeking to boost European brand
EUROPE – Schroders is seeking an individual to help it to boost its brand in Europe.
