All IPE articles in July 2005 (Online) – Page 8
-
News
Italian cabinet approves 2nd-pillar draft
ITALY – The Italian cabinet has approved the final draft for the law that will change the Italian pension system, shifting some of the pension burden from the state to employers and employees.
-
News
Irish CCF set to miss assets amid tax change
IRELAND - Billions of euros destined to be placed in an Irish common contractual fund (CCF) vehicle will stay in the UK, following a little noticed change in a bilateral US/UK tax treaty.
-
News
Hewitt says 39 clients go ‘unconstrained’
UK – Hewitt Associates says 39 of its UK pension fund clients have gone to so-called unconstrained mandates, up from 20 six months ago.
-
News
Cominvest affilate Ebase sees pensions boost
GERMANY - Ebase, a fund service platform tied to German asset manager Cominvest, says the expected boom in occupational pensions will mean assets under administration from that sector will almost double by the end of 2008.
-
News
WestAM names Westen as asset allocation chief
GERMANY - Institutional fund provider WestAM KAG has hired Gunther Westen from HSBC Trinkhaus Capital Management for the new role of director of asset allocation and fund management.
-
News
Belgian schemes back infrastructure fund
BELGIUM – Two Belgian pension funds have become investors in an infrastructure fund run by Australian bank Macquarie, joining schemes such as ABP and British Airways.
-
News
UK’s PPF says Heath Lambert in assessment period
UK – The Pension Protection Fund today has confirmed that insurance broker Heath Lambert’s three pension schemes have entered into an assessment period.
-
News
Schroders pulls JP Morgan outsourcing deal
UK – Schroders is to receive £20m (€29.5m) from JP Morgan following the failure of its five-year UK custody and fund accounting outsourcing project with the US bank.
-
News
Allianz sees European pension markets doubling
EUROPE - The size of European pension markets will more than double over the next 10 years, a leading European asset manager predicts.
-
News
Akzo Nobel shifts to DC to ease balance sheet
NETHERLANDS - Dutch industrial group Akzo Nobel says it will make a €300m shift to defined contribution pensions to align it with the new Financial Assessment Framework, or FTK.
-
News
SWIP reviewing State Street outsourcing deal
UK – Scottish Widows Investment Partnership says it is reviewing its five-year outsourcing contract with State Street.
-
News
Dutch schemes’ boards ‘need more control’
NETHERLANDS - The boards of pension schemes still aren’t sufficiently aware that they need to be in control and that just implementing internal management is not enough, claim two Dutch experts on corporate governance.
-
News
Schemes should double property allocation – CBRE
EUROPE - Pension funds should double their allocation to real estate to combat deficits says property consultancy firm CB Richard Ellis.
-
News
Swiss institutions return 2.29% in Q1
SWITZERLAND – Swiss institutional investors had returns of 2.29% in the first three months of the year, according to a survey by Lusenti & Partners.
-
News
Italy’s Maroni slams banks over 2nd-pillar plan
ITALY – Welfare minister Roberto Maroni has vowed to beat the resistance from the banking sector in his bid to boost the second pillar pension system with the severance payout known as the Tfr.
-
News
Dutch schemes in $175m US real estate deal
NETHERLANDS – Pensions management company MN Services says it has entered into a real estate joint venture with US company Fairfield Residential on behalf of two Dutch pension funds.
-
News
DeAM Germany chief Behrens quits to join Deka
GERMANY – Oliver Behrens, head of Deutsche Asset Management in Germany, is to join the management board of fund provider DekaBank.
-
News
Coal scheme’s Morgan joins research firm
UK – David Morgan, chief executive of Coal Pension Trustee Services, has been appointed as non-executive chairman of new pension fund monitoring firm Blacket Research.
-
News
BT scheme eyes commodities by end-2005
UK – The £50bn (€74.2bn) pension scheme of phone firm British Telecom may allocate a “single figure” percentage of its assets to commodities from its equity portfolio by the end of the year.
-
News
Fortis to buy US manager Dryden for up to €118m
US – Fortis said it has agreed to buy US asset manager Dryden Wealth Management from Prudential Financial for up to €118m, giving it an extra €9bn in assets.
