All IPE articles in June 2002 (Online) – Page 2
-
News
UK workers prepared to strike over DB closures
UK - UK workers are prepared to take strike action to stem the closure of defined benefit schemes, claims a survey by the UK’s largest private sector union, Amicus. According to Amicus, a typical defined contribution scheme generates 40% less at age 60 than a similar defined benefit scheme. ...
-
News
PEPGO launches European tax test case for AMS
UK- Business and IT consultants AMS Management Systems has sown the seeds of a potential test case tackling tax discrimination across Europe by seeking permission from the UK Inland Revenue to place a UK employee in its Dutch company pension scheme.
-
News
Mercers rounds on EU pensions directive
BRUSSELS/UK- Mercer Human Resource Consulting has dismissed reports that Ecofin’s acceptance of the EU Pension Fund Directive will make it any easier to set up cross-border European pension funds.
-
News
Torfaen seeks managers following shift to active
UK – The £730m (€1,135m) Torfaen County Borough pension fund in South Wales has undertaken its three-yearly investment review which is likely to lead to RFPs for about two thirds of its assets, comprising active UK, European and Far Eastern equity portfolios and an active global fixed income portfolio.
-
News
Fidelity replaces Jupiter at Nortel scheme
UK – The £1.4bn (€2.2bn) Nortel Networks UK pension fund has appointed Fidelity Investments to run a specialist £137m UK equity portfolio. Fidelity replaces Jupiter Asset Management which was dropped by the pension fund last month. The mandate will be benchmarked against the FTSE All Share index.
-
News
BVI joins critics of Riester occupational pensions
GERMANY – The new Riester occupational pension schemes need to be more flexible and simplified if they are to be a success according to Udo Behrenwaldt, a spokesman for the board of the BVI, the German asset management association.
-
News
EAMA calls for EU law on best execution
EUROPE- Europe’s largest investment managers are pressing for EU regulations on a common approach to best execution in securities trading.
-
News
Extel survey says Fidelity is Europe's top manager
UK/EUROPE- Fidelity Investment Services has been voted the leading pan-European fund management firm for the second year running in the 2002 Thomsom Extel Survey of analysts and investment managers. Capital Group was runner up to Fidelity for a second year while Schroder Investment Management retained third spot.
-
News
SRI continues to grow but remains a niche service
UK – Over 50% of UK based fund managers have perceived a growing interest from their pension fund clients in socially responsible investments (SRI), although trustees appear more concerned with protecting their reputations and avoiding criticism, according to the latest Deloitte & Touche SRI survey.
-
News
Lattice closes its DB scheme to new members
UK – The £11bn (€17bn) Lattice Group pension scheme, the pension fund of the gas and telecoms infrastructure company, has announced it has closed its defined benefit scheme to new members.
-
News
Roche picks Watson Wyatt as full service provider
UK – The €620m UK pension fund of Swiss pharmaceuticals group, Roche, has appointed Watson Wyatt as full pension service provider. The deal includes actuarial, administration, investment consulting and communications services. Watson Wyatt take over from previous service providers, Bacon & Woodrow.
-
News
Moon joins LPFA in independent advisor role
UK- The £3bn London Pension fund Authority has appointed its second independent advisor in three months following the publication of Paul Myners’ report.
-
News
New Star hires HSBC's head of alternatives
UK- New Star has hired HSBC’s head of alternative investments Charles Tritton to run its hedge fund business which currently has $700m under management.
-
News
Belgian pension association attacks EU directive
BELGIUM – The Belgian association of pension funds, the ABFP, is the latest institution to criticise the EU directive on pan-European occupational pension schemes. The ABFP believes the development of cross-border funds is not possible without harmonising tax and social security systems.
-
News
MLIM appoints UK pension fund relationship manager
UK- Merrill Lynch Investment Managers has appointed Steven Blackie as relationship manager for UK pension funds. He will report to Sarah Aitken, head of UK institutional relationship management at MLIM.
-
News
Morley launches Sterling liquidity fund
UK – Morley Fund Management has launched the Morley Sterling Liquidity fund that will invest in the money markets and is designed to allow institutional investors, corporate clients and local authorities to maximise the returns on their excess cash holdings.
-
News
EC launches pensions mobility consultation paper
BRUSSELS- The European Commission has launched a formal public consultation paper aimed at improving the portability of supplementary pension rights. It hopes to tackle existing pensions legislation that hinders the free movement of workers.
-
News
Closure of UK DB schemes rises to 25%
UK – Defined benefit schemes in the UK now account for over 14% of the average company payroll, with the number of defined benefit schemes in the UK that are now closed rising to 25%, says the latest annual pensions research jointly undertaken by research firms, the Pension Fund Partnership ...
-
News
Ireland's switch to DC is less than expected
IRELAND- New research suggests Ireland’s defined benefit schemes are proving more resilient than those of the UK and the shift to defined contribution is less marked than expected.
-
News
Pension funds 'to double' private equity holdings
GLOBAL- Private equity investment will continue to grow over the next ten years and pension funds in the US and Europe are expected to double their allocation to the asset class according to a new report by the Economist Intelligence Unit.
