Latest on Regulation & Reform – Page 467
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News
NYSE-Euronext tie could hit governance - ABP
NETHERLANDS – Giant Dutch civil service pension fund ABP fears the planned merger between Euronext and the New York Stock Exchange could lead to ‘Americanisation’ of European corporate governance.
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Towers Perrin in pact with Polish consultant
POLAND - Towers Perrin HR Services has signed an alliance partnership agreement with Warsaw-based employee benefits and actuarial consultancy Trio Management.
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IASB chief rues “daft” discount rate situation
GLOBAL – International Accounting Standard Board chairman Sir David Tweedie has acknowledged the “daft” consequences of the current method of determining corporate pension liabilities.
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UK regulator consults on scheme accounts
UK - The UK’s Pensions Regulator has issued a wide-ranging discussion document reviewing the form and content of pension scheme report and accounts.
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Small Dutch funds must consolidate – Robeco
NETHERLANDS – Small Dutch pension funds need to consolidate into two or three large national schemes to stay competitive in Europe, says Robeco chief executive George Moller.
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IPE Real Estate Awards: the winners
REAL ESTATE - Pension funds’ adoption of new models for new markets paid off at the IPE Real Estate Awards last night as investors collected prizes for geographical diversification and the move into indirect investment.
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Mercer unveils one-stop-shop pensions service
UK - Mercer Human Resource Consulting has launched a one-stop-shop service in the UK that combines pension scheme management, administration, asset management and member communications for a fixed fee.
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De Geus unveils latest Pensions Bill ideas
NETHERLANDS - Although social affairs minister Aart Jan de Geus still wants the new Pensions Bill come into force as of January 1 2007, he has proposed a one-year transitional period for some aspects.
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Belgium prepares for pan-European schemes
BELGIUM – The Belgian government has reiterated its desire to become a pan-European pension fund domicile ahead of a new control law on the matter.
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Features
Challenges of running a pension fund in the Cypriot way
We are at the point where pension funds in Cyprus are trying to be move into a new era of more modern management under the European standards. It is a transition period from amateurism to more professional management of pension funds and that’s why the challenges of running such a ...
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Features
It's going to be different this time
The Markets in Financial Instruments Directive (MiFID) is expected to have some of the greatest impacts of all financial services legislation introduced in the last decade. It is scheduled for implementation on 1 November 2007 and is the successor to the 1993 Investment Service Directive, a key component of the ...
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OPF names van der Graaff as supervision official
NETHERLANDS – The OPF, the Dutch company pension fund foundation, has appointed a former government official as its new secretary for supervision and financial markets.
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SSGA names Owen as UK institutional sales head
UK - State Street Global Advisors has named Citigroup Asset Management's Richard Owen as head of institutional sales for the UK and Ireland.
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Germany’s Feri and MLP intensify cooperation
GERMANY – Investment consulting and wealth management firm Feri Finance has agreed to intensify its asset management and investment product tie with independent financial advisor MLP.
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USS mulls €8.7bn switch from equities – FT
UK – The Universities Superannuation Scheme is considering a £6bn (€8.7bn) shift out of equities into alternative assets such as private equity and infrastructure investments, according to a news report.
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UK regulator issues contingent asset guidance
UK – The Pensions Regulator today issued guidance on the use of contingent assets.
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JP Morgan confirms hedge fund outsourcing deal
UK – JP Morgan has confirmed that it has made another hedge fund outsourcing agreement.
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Swiss teachers fund BLVK rejects legal action
SWITZERLAND – The CHF4.6bn (€2.95bn) Berne teachers pension fund BLVK says it won’t take legal action against those deemed responsible for its financial woes – despite calls from members.
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Gartmore says no change for clients in MBO
UK – UK asset manager Gartmore says there will be “no change” for clients as a result of its private equity-funded management buyout.
