All IPE articles in July 2005 (Online) – Page 2
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Watsons unveils new investment approach
EUROPE – International consultancy Watson Wyatt has given details of its Advanced Investment Solutions (AIS) approach to investment consulting for clients, designed to “join up investment strategy and manager selection”.
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Aon says second pension rebates to double
UK – Rebates paid to those contracting out of the state second pension should double to £22bn (€31.8bn) from 2007, triggering an increase of contracting out options, according to consulting firm Aon.
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New head for FERI institutional business
GERMANY -- Investment consultant FERI has appointed Arnd Thorn to the new position of overall institutional business head with immediate effect.
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Merged group shows higher returns
ESTONIA – The pension funds managed by the recently merged LHV-Seesam Asset Management showed considerable progress in their first-half performance.
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VW pension fund names Schuster’s successor
GERMANY – Volkwagen Pension Trust (VPT), the pension fund for the German car giant, has named Josef-Fidelis Senn as its new chief executive with immediate effect.
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Dutch trade union lifts pension age
NETHERLANDS -- The largest Dutch trade union confederation, the FNV, is to lift the retirement age of its own 1,700 employees to 62 from 60.
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Reform needed for Spain’s pension stability
SPAIN – The Spanish government has warned that the current pension system needs to be reformed to guarantee stability after 2015.
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Study says raise UK pension age to 67
UK -- The Institute for Public Policy Research (ippr) has suggested raising the UK state pension age to 67 from the current 65 between 2020 and 2030 to reflect increased life expectancy.
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Investment funds enjoy boom - Feri
EUROPE – Investment funds in Europe are having a boom year, with the total inflows by end of May of €151bn already ahead of the total invested in all of 2004 of €133bn, according to latest figures from Feri Fund Market Information in London.
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Recovery in pooled pension funds
UK – Balanced pooled pensions funds have now recovered to around 98% of their asset value at the end of 1999, thanks to continued strong performance in the second quarter.
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Pension plans trail Italy’s corporate perk list
ITALY – Italian workers value company cars and health insurance more than pension plans, according to data from Watson Wyatt and Hewitt Associates.
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Italy: Maroni wants to help small firms’ pension
ITALY – Companies with up to 50 employees could be the main target of a new compensation fund to be set up to aid employers investing severance payments into pension funds, says welfare minister Roberto Maroni.
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Hermes’ in-house pension deficit widens
UK – The in-house pension fund of Hermes Pensions Management, the asset manager owned by the BT Pension Fund, saw its deficit widen in 2004, company documents show.
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Hewitt loses out to Capita at animal charity
UK – The Royal Society for the Prevention of Cruelty to Animals has awarded a three-year contract to Capita Hartshead to administer its defined benefit pension scheme, resulting in a loss for incumbent Hewitt Bacon & Woodrow.
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Watson Wyatt shareholders OK merger
US – Consulting firm Watson Wyatt & Co. says it has won shareholder approval for a share issue related to its merger with European affiliate Watson Wyatt LLP (Updates with result of vote).
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UK schemes ‘shouldn’t count on tax loophole’
UK - Standard Life says pension funds and their advisers shouldn’t count on a grey area in current tax rules that let some members claim tax privileges – because the authorities are set to end it.
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TIAA-CREF plans to restructure funds
US - Educational pension fund group TIAA-CREF says it may consolidate some retail funds into its institutional offering.
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Watson consultant van Zoelen joins PIMCO
EUROPE – Bond specialist PIMCO, part of Allianz, says it has hired Watson Wyatt investment consultant Henk-Jan van Zoelen.
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Equities boost for Netherlands’ SBZ
NETHERLANDS - With a return of 8.4%, equities were the best performing asset class of the Dutch industry-wide pension fund for health care insurers, or SBZ, it said in its annual report.
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DeAM Europe chief sees institutional boost
GERMANY - Axel Benkner, chief executive of Deutsche Asset Management in Europe, says the firm’s institutional assets under management should rise by at least one-quarter within five years.
