All articles by IPE staff – Page 38
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Features
External recognition of quality of revamped plan
The Dublin-based Electricity Supply Board Pension Scheme (ESB) ESB is delighted to have won an IPE Award for the second consecutive year. Last year it was for investment strategy but this year the ESB has picked up the prestigious country leader award for fund structure. “In a defined contribution (DC) ...
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Features
PBU works out to 'get fit'
The Pensionskassen for Børne- og Ungdomspædagoger (PBU) scheme has more than 72,000 members with premium benefits of DKK1.3bn (e175m) a year. Before the end of 2000, PBU had been wholly administered by Sampension. At that time, PBU had been imbued with a defensive attitude, costs that were deemed far too ...
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Features
Thoroughly 'modern' funds reaps rewards for the second time
What the judges said: “They are a serious player and are developing their strategy. In particular they have developed their reporting system in co-operation with an outside specialist and it is very modern by Finnish standards, for example providing for analysis of performance attribution. Their risk management system is also ...
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Features
Signal for other funds to take same steps
The Basel-based Novartis Pension Fund, the pension scheme of pharmaceuticals and health-care group Novartis, believes it was the novel idea to ‘monetise’ its real estate portfolios that led the IPE Awards judges to pick it as country group investment strategy winner for Switzerland. One judge commended it on the grounds ...
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Features
TotalFinaElf harmonises plans
TotalFinaElf employs what it calls a harmonised package of supplementary pensions and savings plans. The group has shown a willingness to put in place new common personnel administration procedures within group companies designed to facilitate mobility. The approach fits in with the new legal framework for long and short-term savings ...
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Features
Industriens trims strategy with hedges
Industriens Pensions’ invested portfolio, which is expected to grow significantly over the next few years as a result of increasing contribution payments, consists of a broad range of asset types, of which shares – according to the investment framework drawn up by the board – may constitute between 25 and ...
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Features
Support for launch of new wide-ranging pension pac
The judges said that the establishment of the TotalFinaElf fund must have been an achievement in itself and praised its use of “good tools and periodicity in the communication process”. The staff at TotalFinaElf’s new retirement savings and pension fund department were naturally delighted to learn they had won the ...
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Features
MetallRente's well-forged plan
MetallRente, the joint venture between the metal employers’ association (Gesamtmetall) and the metalworkers’ union (IG Metall) has been heralded as one of the most innovative occupational pension funds to come out of the Riester pension reforms. At the beginning of September the organisation had more than 500 companies under contract ...
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News
Euronext announces complete restructure
EUROPE- Pan European exchange Euronext has announced a complete restructuring that will see it divided into four separate business units.
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News
Beerling takes top pensions admin job at SFB
NETHERLANDS- The administration arm of Dutch financial services company SFB Groep has named Frans Beerling as its new director following the death of Joop van Wees earlier this year.
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News
GSAM names new fixed income and currency boss
EUROPE- Goldman Sachs Asset Management has named Philip Moffitt as the new co-head of the London-based global fixed income and currency team alongside Andrew Wilson. Moffit joined Goldman Sachs three years ago as a senior portfolio manager in the currency team.
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News
Meridien & CeDo pick JLT for admin and consulting
UK- Hotel group Le Meridien has appointed Jardine Lloyd Thompson (JLT) to provide pension administration services for its new money purchase scheme that is set to provide for around 1,000 of its UK employees by the end of next year.
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News
Half of DB funds under review shut to new members
UK- Over half the companies participating in a study by the consultant Watson Wyatt and reviewing their final salary pension scheme have opted to close it to new entrants.
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News
Vanguard registers eleven funds in Switzerland
SWITZERLAND- US fund provider Vanguard is registering eleven of its funds in Switzerland and expecting final approval from Eidgenössische Bankenkommission, the Swiss Federal Banking commission, in a few weeks.
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News
Morley fills new head of UK activism role
UK- Morley Fund Management, the UK-based asset management arm of Aviva, has announced the promotion of Ross Courtier to the newly-created position head of UK Activism.
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News
CSAM launches new Dow Jones sector ETFs.
SWITZERLAND- Credit Suisse Asset Management has announced the launch of three exchange traded funds, the first to track the Dow Jones Titan sector indices. Dow Jones has issued an EFT licence to CSAM on its banks, technology and healthcare Titans indices. The ETFs are listed on the SWX Swiss exchange ...
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News
Barnett Waddingham agrees to promote SEI
UK- Barnett Waddingham, the actuarial consultancy and investment strategy provider, has announced a partnership under which it will promote SEI as its preferred provider of the manager of manager investment approach.
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News
FEATURE: Niklewicz on the state of Swiss pensions
Konrad Niklewicz, a partner at PWC and chairman of the chamber of Swiss actuaries, believes it would be exaggerating to say there is no crisis is the Swiss industry. Nevertheless, he maintains that the situation is less acute than that painted by many commentators.
