All IPE articles in July 2005 (Online) – Page 3
-
News
IPE-QUEST: €10.6bn fund tenders hedge funds/TAA
EUROPE - A $13bn (€10.6bn) European pension fund has tendered for up to five global macro hedge fund/tactical asset allocation (TAA) overlay managers via IPE-Quest.
-
News
British coal scheme seeking new trustee
UK – The £9.6bn (€13.8bn) British Coal Staff Superannuation Scheme is looking for a new trustee to replace civil servant Ann Taylor.
-
News
UK protection fund ‘to strangle DB in charities’
UK – The Pensions Trust has warned that the Pension Protection Fund and the new FRS17 accounting standard could “completely strangle DB provision in the charitable sector”.
-
News
Italian insurance regulator wants pension role
ITALY - The Italian insurance industry regulator Isvap has criticised the draft pension law, saying it favours its pension industry counterpart Covip.
-
News
Dutch pension security hits economy - researcher
NETHERLANDS - The high pensions security of 97.5% will damage the Dutch economy, and will eventually harm the members of pension schemes as well, says the head researcher of the daily Het Financieele Dagblad.
-
News
MLIM’s Doll sees ‘halo effect’ of Philips deal
NETHERLANDS – Bob Doll, president and chief investment officer of Merrill Lynch Investment Managers, has spoken of the “halo effect” its deal to manage €12bn of Philips pension assets could have for the firm.
-
News
White is the new Black at Buck Consultants
UK - Actuaries Buck Consultants have appointed Lane Clark & Peacock's Steven White as its head of investment consulting - replacing Paul Black, who joined LCP earlier this month.
-
News
The balanced mandate is back, industry says
UK – The traditional balanced mandate appears to be making a return, albeit under a new guise, according to investment consultants and asset managers.
-
News
Towers Perrin buys German consulting firm Rauser
GERMANY - International consulting firm Towers Perrin has agreed to buy German occupational pensions advisor Rauser AG for an undisclosed sum.
-
News
Watson's Thornton in share sale (Update)
GLOBAL – Paul Thornton, European senior partner at consulting firm Watson Wyatt, has sold $2.63m (€2.2m) worth of shares in the company (Updates with clarification).
-
News
SRI up 128% at French institutions
FRANCE – French institutional investors’ allocation to socially responsible investments (SRI), has grown 128% in the last 12 months according to a study by Novethic, a subsidiary by Caisse des dépôts et consignations (CDC).
-
News
Northern Trust set to open Amsterdam office
NETHERLANDS – Northern Trust says it is aiming to open an office in Amsterdam within the first quarter of 2006.
-
News
US custodians unveil second-quarter figures
US – Three large US securities services specialists, Northern Trust, Mellon Financial and the Bank of New York, have released second quarter assets under custody figures.
-
News
Germany’s MAN hires actuaries Rauser
GERMANY - Engineering giant MAN Group has hired Rauser AG, a German actuarial and pensions consultancy, to help it set up an external fund to finance €1.7bn in pension liabilities and advise on strategic asset allocation.
-
News
Swiss rail scheme mulls loan to plug deficit
SWITZERLAND – The deficit-hit €8.7bn Swiss Railway pension fund, Pensionskasse SBB, is considering borrowing CHF1bn (€639m) to plug part of its deficit.
-
News
Supervisory convergence key for CEIOPS – Trichet
EUROPE – The success of the EU committee of pensions supervisors, CEIOPS, will be judged on how it achieves “supervisory convergence” says European Central Bank president Jean-Claude Trichet.
-
News
Fidelity International names new CIO
EUROPE – Fidelity International says Michael Gordon will take over as chief investment officer from Simon Fraser, who becomes president of the UK and European institutional business.
-
News
OPF secretary leaves for Volker Wessels
NETHERLANDS - Rob Kragten, secretary of the Dutch foundation for company pension funds, or OPF, is to join construction group Volker Wessels Stevin.
-
News
Loyalis to implement ABP’s levensloop
NETHERLANDS - Loyalis will implement ABP’s ‘levensloop’, or life course scheme, the €170bn Dutch pension fund said.
-
News
UK court rules on buy-out contributions
UK – Trustees with wide contribution-setting powers should exercise their powers when setting contributions in a buy-out-situation, according to a ruling at the Court of Appeal.
