All articles by Dickon Reid – Page 2

  • News

    Innovest opens Paris office in European push


    FRANCE- Innovest, the US provider of research and ratings of companies’ environmental and social practices, has opened an office in Paris in response to growing demand for socially responsible investment products in France and southern Europe.

  • News

    Aon hires head for multinational role in Belgium


    BELGIUM- Aon Consulting has announced the appointment of Lieven Alaert to lead its new international benefits practice in Belgium. In the new role he will develop and promote the employee benefits consulting services aimed at Belgian multinationals.

  • News

    More Multinationals take global view on pensions


    GLOBAL- Market volatility and a tricky economic climate have led to a proliferation of multinationals taking a global approach to managing their retirement plan assets according to research by Mercer Investment consulting.

  • News

    New TotalFinaElf scheme appoints Northern Trust


    UK- The newly-created UK pension fund for TotalFinaElf has appointed Northern Trust as global custodian to its assets of £1bn. Northern Trust was appointed by the trustees of the newly created plan, which was forged from the merger of 13 legacy schemes within TotalFinaElf in the UK.

  • News

    ISC launches new shareholder activism principles


    UK- The Institutional Shareholders’ Committee, the association that represents the bulk of UK institutional investors, has launched a series of new principles aimed at encouraging shareholder activism. It maintains the principles are the first comprehensive statement of best practice on the responsibilities of institutional shareholders and investment managers towards the ...

  • News

    New Belgian metal fund is up and running


    BELGIUM- A pension fund for white collar workers in Belgium’s metal industry first touted at the beginning of the year has started operating and early indications suggest membership will exceed initial expectations.

  • News

    Threadneedle announces plan for European expansion


    EUROPE- Threadneedle investments has unveiled a plan to open two new sales offices and to expand its German office in a bid to boost its retail business in Europe. In 1998 it launched a UK-domiciled fund range in Europe with an initial focus on Germany, Austria, Belgium and Holland. ...

  • News

    ING launches new pension fund in Russia


    RUSSIA- ING has announced the launch of its Non-State Pension Fund ING in Russia, a voluntary pension fund for corporate clients. ING maintains it is the country’s first non-state pension scheme.

  • News

    Switzerland's ABB Vorsorge names new CEO


    SWITZERLAND- ABB Vorsorge, the CHF5.5bn (e3.8bn) pension fund for Swiss employees of the engineering company ABB has announced that Christoph Oeschger will take over as chief executive at the beginning of next year.

  • News

    Balanced funds suffer worst quarter for 15 years


    UK- Median returns of –15.6% for balanced funds in the third quarter were the worst for fifteen years according to the latest survey from Russell/Mellon CAPS. Over the twelve months to the end of September, the balanced fund median was –14.9%. The dismal equity performance of the second quarter ran ...

  • News

    Bellas joins Mercers as multinational specialist


    UK- Mercer Human Resource Consulting has appointed Eladio Bellas as a consultant in its London offices in a role that will see him advise a portfolio of multinational clients on their global employee benefit strategies.

  • News

    Stroobants joins Netherlands' FundPartners


    NETHERLANDS- Karel Stroobants has joined the business advisory board of FundPartners, the Dutch investment fund company. FundPartners, based in Laren, designs and builds investment funds and fund structures on behalf of pension funds, private banks and asset managers throughout Europe.

  • News

    Gwent picks ABN for custody and security services


    UK- Greater Gwent (Torfaen) County Borough Council has appointed ABN AMRO Mellon to provide global custody and security services for its £700m (e1.1bn) employee pension scheme.

  • News

    Young workers are naive about retirement age


    UK- Younger employees in the UK are less realistic than their elders about the age at which they can retire according to a new survey by the UK’s Chartered Institute of Personnel and Development.

  • News

    Ellison leaves Eversheds for Pinsent Curtis Biddle


    UK- Robin Ellison has left the law firm Eversheds where he was chairman of the pensions group and joined Pinsent Curtis Biddle in a similar role.

  • News

    Bayer appoints Watson Wyatt for consultancy advice


    UK- The UK subsidiary of Germany’s Bayer has appointed Watson Wyatt to provide actuarial, investment and consultancy services to the company and to the trustees of its largest UK pension fund. Watson Wyatt replaces rival consultant Mercers.

  • News

    Managers more optimistic about equity prospects


    GLOBAL- Fund managers are more optimistic about the prospects for the world equity markets than they have been for a year according to the latest Merrill Lynch fund manager survey.

  • News

    Schroders adds to fixed income development team


    UK- Schroder Investment Management has appointed Jeremy Cave as head of fixed income business development in continental Europe and the Middle East.

  • News

    Willis and ABN Amro launch pension advice venture


    DENMARK- Denmark’s largest pension broker Willis and Alfred Berg ABN Amro have entered into an agreement under which the latter will offer management advice to Willis’s unit linked clients.

  • News

    Danner victory boosts European pensions' cause


    EUROPE- The European Court of Justice has delivered a judgement in favour of Rolf Dieter Danner in a move that confirms elements of Finnish tax legislation contravene EU legislation.