Investor Strategy – Page 198
-
News
New Dutch postal fund to be set up
NETHERLANDS - Dutch postal operator TNT is to set up a new career-average pension fund for around 20,000 post deliverers.
-
News
Swedish schemes to restructure amid directive
SWEDEN - Top Swedish pension funds are set to re-structure their entire portfolios in the wake of the introduction of mark-to-market valuation of liabilities as part of the pensions directive.
-
News
Watson Wyatt seeking manager researchers
UK – Consulting firm Watson Wyatt has advertised job vacancies for manager researchers, based in Reigate or London.
-
News
Commission set to present portability directive
EUROPE – The European Commission is set to approve a delayed occupational pensions portability directive on October 20 - yet the document has already drawn fire from Germany’s occupational pensions lobby Aba.
-
News
Watson Wyatt makes three Dutch hires
NETHERLANDS – Watson Wyatt has hired three new staff for its “rapidly expanding” investment consulting team in the Netherlands.
-
News
Consultants give good advice - researcher
UK – Pension consultants generally give trustees good advice, says the head of a new firm which tracks the effectiveness of advice.
-
News
APK takes over BMW pension fund in Austria
AUSTRIA – APK, a €2bn pension fund open to all industries in Austria, is to take over administration of the Austrian pension fund of German carmaker BMW from January 2006.
-
News
European pension funds sue News Corp.
GLOBAL – Major European pension institutions such as ABP, USS and Hermes are among a group of institutional investors which have launched a lawsuit against Rupert Murdoch’s News Corp. over a poison pill arrangement.
-
News
Germany: Aventis scheme in €800m FX move
GERMANY – Aventis Pensionstreuhand, the €1.9bn pension fund for pharmaceuticals giant Sanofi-Aventis, has awarded State Street Global Advisors an €800m currency overlay mandate.
-
News
Railpen chief resisting flight to bonds
UK – Chris Hitchen, chief executive of the £15.5bn (€23bn) Railways Pension Trustee Co., Railpen, says that pension schemes’ shift to fixed income was an “overreaction”.
-
News
IXIS Asset Management names Leroux as CIO
FRANCE – IXIS Asset Management has named SCOR Asset Management’s Véronique Leroux as its new chief investment officer.
-
News
Dutch doctors' fund names new CIO
NETHERLANDS - The €11bn Doctors Pension Funds Services has hired TKP Pensioen's Jan Willem Baan as its new chief investment officer.
-
News
Dutch regulations boost pension outsourcing
NETHERLANDS – Complicated pensions regulations have made direct pensions outsourcing “almost unavoidable”, according to the 100 delegates at a debate regarding the future of outsourcing.
-
News
Coats awards €2.2bn actuarial brief to Mercer
GLOBAL – Textile firm Coats has named Mercer Human Resource Consulting as global actuary covering £1.5bn (€2.2bn) of pension assets.
-
News
Workers ‘losing out’ in Irish building scheme
IRELAND – A report by consulting firm Mercer has found that workers in the Irish construction industry are losing out on benefits due to a loophole.
-
News
Study queries pension fund-low yield link
GLOBAL – A new academic study has questioned the notion that pension funds shifting into bonds will inevitably lead to long-term low bond yields.
-
News
AP4 follows AP2 in rejecting Skandia bid
SWEDEN – The SEK138bn (€14.7bn) Fjärde AP-fonden, the Fourth Swedish National Pension Fund or AP4, has followed its sister fund AP2 in rejecting Old Mutual’s bid for insurance firm Skandia.
-
News
AP2 says Skandia needs “peace and quiet”
SWEDEN – Andra AP-fonden, the Second Swedish National Pension/AP2, has waded into the bid for Skandia by Old Mutual, saying the Swedish insurer needs a period of “peace and quiet”.
-
News
North Yorks completes €1.3bn portfolio revamp
UK – The £880m (€1.3bn) North Yorkshire Pension Fund has completed the restructuring of its portfolio which has seen it shift to specialist managers from balanced.
-
News
Goldman: pension funds to sell €250bn of equities
GLOBAL – Goldman Sachs has estimated that pension schemes globally will remove some €250bn from equities – and buy around €150bn in fixed income.
