All IPE articles in July 2001 (Online) – Page 2
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Directive goes to Parliament vote tommorow
EUROPE – The European Parliament will vote tomorrow (Wed July 4) at midday (CET) on the long-awaited directive for occupational pension funds, despite an overrun in today’s (July 3) preliminary debate, which sees parliament reassemble at 9pm tonight for further discussion....
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Dutch funds start pooling talks for e5bn in assets
NETHERLANDS – Six Dutch pension funds due to move into shared offices in Rijswijk early next year have started investigations into the pooling of their assets in a move they claim could save them up to e2m per annum....
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Karas demands directive action from Member States
EUROPEAN DIRECTIVE SPECIAL – Austrian MEP and Parliament Rapporteur for the European pensions directive, Othmar Karas, has followed today’s landmark vote in the Parliament by calling for immediate action in the European Commission and the Ecofin Council of Ministers....
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European Parliament adopts pensions directive
EUROPEAN DIRECTIVE SPECIAL – The European Parliament has voted by a landslide two-thirds majority to adopt the Karas report for a directive on occupational pensions....
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Northern Trust brings in new multi-manager heads
US/UK – Northern Trust Global Advisors, the groups’ multi-manager affiliate, has appointed Margaret Towle as chief investment officer (CIO) and Bill Huffman as chief operating officer (CEO), with both to be based in the US...
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Mantel to lead Baring UK/Europe investment team
UK/EUROPE – Jan Mantel joins Baring Asset Management (BAM) next week as director and head of its UK and Europe investment team....
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Dutch self-employed schemes win government battle
NETHERLANDS – The Dutch umbrella organisation for the pension funds of approximately 65,000 self-employed workers, the Unie van Beroepspensioenfondsen (UvB), has staved off potential action by the Dutch government that could have forced members to pay up to 30% extra per year in contributions....
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PIMCO pulls in $165m in first Danish mandates
DENMARK - US fixed income specialist PIMCO Global Advisors has scooped its first mandates in the Danish market, picking up three high yield briefs from separate pension funds worth a total of $165m (e197m)....
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Singer & Friedlander revamps web presence
UK – Investment manager Singer & Friedlander has relaunched its institutional website to reflect the integration of its funds and asset management divisions....
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Commission rebuffs Parliament on directive
EUROPE – The European Commission has poured cold water on last week's landslide vote by the European Parliament on the Karas report for the supplementary pensions directive, by saying that it will not be able to accept around half of the amendments made to its original directive proposal.....
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Deloittes loses influential Belgian director
BELGIUM – Paul Roels, a director with the Brussels office of consultant Deloitte & Touche, has quit the firm to join mutual pension insurance company Integrale....
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Property still outperforming, says report
UK – Property is continuing to outperform other asset classes, according to a report by Baring, Houston & Saunders....
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EU proposes pensions sustainability push
EUROPE – The EU has proposed a union-wide effort to ensure that pensions offer a sustained source of income to the retired and disabled....
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BNP Paribas teams up with hedge fund specialist
UK/FRANCE – BNP Paribas Asset Management (BNP PAM) and London based hedge fund specialist firm, Fauchier Partners, have announced the establishment of a joint venture company to manage all of BNP PAM’s hedge funds...
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Russell wins three Dutch pension fund mandates
NETHERLANDS – Multi-manager investment firm, the Frank Russell Company, has picked up three new mandates from Dutch pension funds....
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Altink to head Mellon's European corporate affairs
UK/EUROPE – Jan Altink has been appointed director of corporate affairs for Europe by Pittsburgh based Mellon Financial Corporation.
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State Street provides access to Merrill funds
UK – Merrill Lynch’s institutional liquidity funds have been made available via State Street’s online service, Fund Connect....
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Consultant role to grow post-Myners, says Aon
UK – Investment consultants can expect to have greater responsibility advising pension schemes on their investments, following the recommendations of the Myners report, according to Adrian Swales head of investment practice at Aon Consulting....
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Parliament has 'erred' on directive, says EFRP
EUROPE – The European Parliament (EP) has turned its report on the occupational pensions directive into a social reform policy, ousting the proposals by the European Commission for a financial services directive, the European Federation for Retirement Provision (EFRP) has warned....
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Gissings gets mandate for new DuPont scheme
UK – DuPont, the polyester, resin and fibre products company, has appointed employee benefits advisor Gissings, to take care of pension scheme administration and accounting services for a new money purchase scheme....