All IPE articles in May 2002 (Online)
View all stories from this issue.
-
News
ACA says UK needs to rethink occupational policy
UK- Employers, the government and the pensions industry need to come up with ideas for promoting occupational pension schemes or face the alternative of taxpayers having to pay an increasing share of pensioners' incomes, according to the Association of Consulting Actuaries.
-
News
Standard Life sales up 42%
UK- Standard Life Investments has defied flat market conditions and issued encouraging first half results. The subsidiary of the life insurer registered sales of £1.7bn in the six months to May, up 42% on the same period last year.
-
News
Danes will adopt Spain's two-tier approach
PORTUGAL- The Spanish presidency compromise proposal on the sensitive issue of quantitative restrictions within the EU occupational pensions directive may be adopted by the Danish presidency.
-
News
Coreper to scrutinise occupational directive
BRUSSELS- The occupational pensions directive is due to be discussed tomorrow at Coreper, the group of member states' permanent representatives, before it is passed on to ECOFIN next week. According to a member of one of the pensions working groups, it is likely that Coreper will reach a common ...
-
News
Quarter of small UK companies to close DB schemes
UK- A quarter of small UK companies with a final salary pension scheme intend to close or wind it up this year, according to new research. In a report by the actuarial consultants Hazell Carr, more than a fifth of the 100 companies covered are closing their schemes to new ...
-
News
Pensions directive finally reaches ECOFIN
BRUSSELS- European finance ministers will be presented with a compromise proposal for the occupational pensions directive when they convene next Tuesday at the ECOFIN meeting.
-
News
Belgian funds lose 5.1% in 2001
BELGIUM- Belgium’s pension funds returned –5.1% in 2001 according to the annual figures released by the country’s pension fund association (BAPF). The drop outstrips 2000’s performance of –0.07% and the 1999 equivalent of 15.3%.
-
News
Skandia opens global mutual fund company
UK / IRELAND – Swedish insurance group, Skandia Insurance Company has established Skandia Global Funds, a global mutual fund company domiciled in Dublin but operating from London, New York and Hong Kong.
-
News
Scottish Widows launches SRI fund for Sweden
UK/SWEDEN – Edinburgh-based asset management group, Scottish Widows Investment Partnership (SWIP), has launched a new socially responsible investments fund, the SWIP Pan-European SRI equity fund, specifically targeting the Swedish institutional market.
-
News
FIS appoints new head of institutional business
UK – London-based asset manager Friends Ivory & Sime (FIS) has appointed Robert Mathews as head of institutional business. Matthews will replace Paul Richards, who is leaving to join Goldman Sachs Asset Management.
-
News
Mellon names McKay as business development head
UK- Mellon European Fund Services has appointed George McKay as director of business development. Based in London, McKay will be responsible for new business and client relationship management.
-
News
Beck replaces Kent as ESF chairman
UK- Joan Beck has been named as a replacement to Pen Kent as chairman of the European Securities Forum, a group of banks pushing for cheaper cross border clearing and settlement across European exchanges.
-
News
Legal changes set to open up Sweden's mutual funds
SWEDEN- Reform to Sweden’s mutual funds legislation may result in the abolition of capital gains tax for members switching between fund providers. If the move is introduced, it will open the e95bn mutual fund market to foreign investment managers- at present, local banks account for 80% of the business.
-
News
BAV figures show Pensionskassen assets up 5%
GERMANY – The book-vale of the traditional Pensionskassen rose from DM 131.7bn (€67.3bn) in 1999 to DM 138.9bn (€71bn) in 2000, according to the latest annual report of the BAV, the federal insurance supervisory body.
-
News
US institutions cut overseas investment
EUROPE/US – The total invested overseas by US institutions fell 25% in 2001, but the overall amount allocated to Europe continued to grow, from 67% to 73%, according to research by research firm Greenwich Associates.
-
News
European ETF market up 29% in 2002
EUROPE – Assets invested in European exchange traded funds (ETFs) have grown 29% in the last six months from $5.6bn (€6bn) to $7.9bn (€8.5bn), according to the latest figures just published by Morgan Stanley Dean Witter. Globally, ETF assets under management rose 17% from $104.7bn (€112.4bn) to $122.3bn (€131.3bn).
-
News
Den norske in merger talks with Storebrand
NORWAY - Norway's largest financial services group Den norske Bank is discussing a possible merger with Storebrand, the country’s largest insurance firm.
-
News
Ex-Orbitex CIO Geffen launches Neptune IM
UK - Robin Geffen, former chief investment officer of New York-based Orbitex Investments, has established a new fund management company, Neptune Investment Management, which has been launched in direct response to Orbitex’s decision to leave the UK.
-
News
Ex-Rothschild fixed income head joins Morley
UK- Morley fund Management has appointed Rothschild Asset Management’s former head of fixed income Ceris Williams as head of sovereign bonds. Williams will report to Peter Rains, head of fixed income and treasury, when he joins in September.
-
News
European PE investment drops a third in 2001
EUROPE – The total invested in European private equity last year fell a third to €24.3bn while funds raised across Europe last year fell 18.3% to €38.2bn, according to the latest annual survey published by the European Private Equity and Venture Capital Association (EVCA).
