Latest on Regulation & Reform – Page 470
-
News
Mn Services names equities director
NETHERLANDS - Dutch fiduciary management firm Mn Services has named Patrick Wierckx as director of equities.
-
News
Leicestershire axes BGI in review
UK – The £2bn (€2.9bn) Leicestershire County Council Pension Fund has axed Barclays Global Investors as manager of a roughly £400m multi-asset class passive portfolio following a review of the scheme structure.
-
News
ATP makes €470m from hedging
DENMARK – ATP, Denmark’s largest pension fund, made a profit of DKK3.5bn (€469.6m), from its hedging activities in the first quarter of 2006.
-
News
External boards key for small schemes - AZL
NETHERLANDS - Small pension funds could extend their board with external professionals, as a way to guarantee their survival as an independent scheme, says Dutch pensions provider and asset manager AZL.
-
News
LPFA under attack in arms investments claims
UK – The roughly £3.5bn (€5bn) London Pension Fund Authority – which manages London mayor Ken Livingstone’s pension scheme – has more than £11m invested in some of the world’s largest arms manufacturers, according to the Campaign Against Arms Trade (CAAT).
-
News
Espoo to recruit six fund managers
FINLAND - Finnish city, Espoo, is scouting for investment teams to manage a new €364m fund being created.
-
News
Dutch Labour leader tough on early retirement
NETHERLANDS -The Dutch Labour Party (PvdA) want a tougher policy on discouraging workers from taking early retirement, said its leader Wouter Bos.
-
News
German schemes welcome Schuldscheine ratings
GERMANY – German pension funds have welcomed an announcement by international rating agency Moody’s that it will begin rating Schuldscheine (non-negotiable loan certificates) issued by German companies.
-
Features
Norway and Iceland missed out on pensions directive
The European Economic Area states of Norway, Iceland and Lichtenstein have seemingly been left out in the cold regarding the adoption of the European occupational pension funds directive. “The directive has not been passed in the Joint Committee for the EEA EFTA states,” according to a European Free Trade Association ...
-
Features
Bill of rights for the mobile
The European Commission’s proposal for a directive on improving the portability of supplementary pension rights, if accepted, could significantly improve the position of mobile workers – both across borders and within member states – but about which many concerns have been expressed regarding excessive costs. Vladimir Spidla, the European commissioner ...
-
Features
The practical realities
There was much fanfare and press coverage about the pensions directive, which was finally a legal requirement from 23 September 2005. In comparison, the proposed portability directive has received relatively little in the way of media attention – but the financial consequences of this legislation are far more worrying for ...
-
Features
Nuclear option for IORP?
After a somewhat quiet period, the directive on occupational pension funds is now very much back on the agenda at Brussels. It may be hard to believe but it’s now almost two and a half years since the Institutions for Occupational Retirement Provision (IORP) directive passed into European legislation. Member ...
-
Features
Firms in Germany plan pan-European schemes
Nearly half the big companies active in Germany plan to create some type of pan-European pension scheme by 2010 following the emergence of the EU pension fund directive, according to a new study by consultant Rauser Towers Perrin. The consultancy firm found 42% of the companies said they would create ...
-
News
EC tenders for savings market analysis
EUROPE – The European Commission has tendered a €400,000 contract for a comparative analysis of consumer long-term savings vehicles in the EU market.
-
News
New structured products law firm set up
EUROPE - A new law firm has been set up specifically to advise European institutions such as pension funds on the structured investment product market.
