All IPE articles in July 2006 (Online) – Page 7
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OECD invites comment on occupational pensions
GLOBAL - The Paris-based Organisation for Economic Co-operation and Development (OECD) is inviting public comment on draft guidelines on the funding of occupational pension schemes.
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New rules for companies’ collective DC schemes
NETHERLANDS - Accountants and actuaries will issue new criteria for companies that have changed their pension funds into collective defined contribution schemes.
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Thornton named MD of Gazelle pensions business
UK - Paul Thornton, former Watson Wyatt director and senior industry figure, has been appointed managing director of the pensions arm of specialist and independent financial advisory firm Gazelle.
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EFAMA urges EC to remove regulatory barriers
EUROPE – EFAMA, the European Fund and Asset Management Association, has called on the European Commission to remove legal and regulatory barriers of the UCITS Directive.
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German government approves new civil service scheme
GERMANY – The government has approved a draft law paving the way for the creation of a pension fund for federal civil servants hired after January 1, 2007.
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Lothian scheme tenders €332m FI brief
UK – The roughly £2.6bn (€3.8bn) Lothian Pension Fund is tendering for a fund manager to manage its £230m global fixed income portfolio.
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Church of England to debate pension revamp
UK – New plans to increase pension contributions, cut benefits and raise the retirement age will be debated by the General Synod on Sunday in a bid to solve the Church of England’s pension crisis.
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Cordares eyes new markets
NETHERLANDS – Dutch pension provider Cordares wants to increase its focus on commercial activities in new markets and others sectors as part of a strategic growth plan, it has announced.
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Pension funds to exploit sustained Nordic growth
EUROPE - European pension funds will be the primary investors in a pan-Nordic real estate SICAV to be launched by Aberdeen in the next few weeks.
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CAAM names marketing boss
FRANCE - Credit Agricole Asset Management (CAAM) has promoted current head of client servicing Philippe Zaouati to head of marketing.
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Horeca fund agrees indexation for pensioners
NETHERLANDS - Pensioenfonds Horeca & Catering, the €2bn Dutch hotel and catering scheme, has decided to give a 1.25% indexation to all its pensioners and deferred members, effective from 1 January 2006.
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Aon to administer Allianz Cornhill; operations manager exits
UK – UK general insurance giant Allianz Cornhill has appointed Aon Consulting as administrator of its £438m (€631m) closed defined benefit pension fund.
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Skandia’s Macleod to head €36bn division
UK – Jamie Macleod, chief executive of Skandia Investment Management (SIML), is to head Skandia UK’s new asset management division – a consolidation of its investment, fund group and life arms.
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‘No excuse for secrecy’, F&C tells pension funds
NETHERLANDS - F&C has thrown its weight behind moves to compel Dutch pension fund managers to disclose their voting records.
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AP4 appoints new managing director
SWEDEN - The roughly SEK180.2bn (€19.2bn) Fourth Swedish National Pension Fund (AP4) has named Skandia Life chief investment officer Mats Andersson as its new managing director to succeed current MD Thomas Halvorsen, who is due to retire.
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Insight sacks six in restructure
UK - Insight Investment has fired six UK analysts – three from equities and three from the UK research team – in a restructuring effort aimed at turning around its underperformance in UK equities.
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UK Govt should help local schemes with LDI
UK – The UK government should take action over local authority pension schemes' liabilities, according to a statement by F&C Asset Management.
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DekaBank names Killius institutional sales chief
GERMANY – DekaBank, the asset manager of Germany’s state-owned savings banks (Sparkassen), has recruited Thomas Killius from HypoVereinsbank as its new head of institutional sales.
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KPMG talking to five on asset pooling
IRELAND - Accounting firm KPMG says it is talking to five potential clients, including pension funds, about asset pooling.
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AP3 may disinvest in Yahoo!
GLOBAL – The roughly SEK175.8bn (€19.2bn) Third Swedish National Pension Fund (AP3) has not ruled out withdrawing its equity investment in Yahoo! following reports implicating the global online network in human rights violations.
