All articles by Meagan Rees – Page 6
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Features
Benign conditions boost Irish schemes
Benign conditions, including higher bond yields and strong equity and property markets, have boosted the health of Irish defined benefit pension schemes in the first quarter, according to Mercer Investment Consulting. According to Mercer estimates, average funding ratios have improved by between 10% and 15% from the end of 2005 ...
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Mercer sees growth in lifecycle fund providers
GLOBAL – The number of lifecycle fund providers is likely to increase “significantly” in the future, according to a Mercer Investment Consulting research report.
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Mellon unveils Dutch pension fund ‘universes’
NETHERLANDS – Mellon Analytical Solutions has announced the availability of a number of Dutch pension fund universes.
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ITV scheme looks to shift to bonds
UK – The roughly £2.2bn (€3.2bn) pension fund of broadcaster ITV is expected to shift from equities to bonds following a review of the scheme’s investment strategy.
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Bayer implements UK pensions governance system
UK – Healthcare giant Bayer, with a pension scheme of roughly £750m, has implemented a pensions governance system from eShare.
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Blue Sky Group names fund management head
NETHERLANDS – Blue Sky Group has named MeesPierson’s Marcel Blom as its new fund management head.
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BTPS makes €10.2bn investment return
UK – The £36bn (€53bn) BT Pension Scheme almost doubled its actual return on assets in the year ending March 31 - to just over £6.9bn (€10.2) from £3.5bn.
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Stockholm tenders pensions administration
SWEDEN – The city of Stockholm is tendering a roughly SEK30m (€3.2m) four-year occupational pension administration contract.
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PPM reacts as investors switch funds
SWEDEN – Sweden’s Premium Pension Authority, or PPM, is extending its trade processing time amid a surge in the number of funds being switched by investors.
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UK’s Kent County Council rejigs manager roster
UK - The roughly £2.3bn (€3.4bn) Kent County Council pension scheme has axed Goldman Sachs Asset Management from a roughly £350m UK and overseas equities mandate amidst a strategic asset reshuffle at the scheme.
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CalPERS names 11 new managers
GLOBAL – The California Public Employees' Retirement System, the $210bn (€163.8bn) public pensions giant, has selected 11 active international equity managers to manage portfolios in developed and emerging markets.
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Ex-JP Morgan’s Bourgi joins asset-backed firm
UK – Ramy Bourgi, the former co-head of JP Morgan’s European custody business, has been appointed business development director at Cambridge Place Investment Management.
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Portugal sets out pensions reform agenda
PORTUGAL – Parents with fewer children will have to pay more towards their pensions, according to new reforms proposed by Portugal’s ruling Socialist Party (PS).
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SEB hit as asset management CEO quits
SWEDEN – Harry Klagsbrun, chief executive of SEB Asset Management, has quit to join private equity firm EQT Partners as a senior partner.
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BT pension deficit ‘slashed’, reports say
UK – The £34bn (€49.9bn) BT pension fund deficit has been ‘slashed’ by roughly £2bn since last year, while the Royal Mail pension scheme is a further £1bn in deficit, according to weekend newspaper reports.
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T. Rowe nabs Insight institutional chief Millar
UK – Stephen Millar, director of institutional business development at Insight Investments, has quit to join T. Rowe Price Global Investment Services as consultant relations chief for Europe.
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KAS Bank to open German office
EUROPE – KAS Bank is due to open an office in Germany in the second half of this year, according to managing director Laurens Vis.
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Sweden’s Örebro tenders pension admin
SWEDEN – The Örebro municipality, the seventh largest in Sweden, is tendering a SEK19m (€2m) contract for a new pensions administrator as part of its four-yearly review.
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Mercer, Wilshire subpoenaed in US probe
GLOBAL – Mercer Investment Consulting and global advisory company Wilshire Associates have confirmed they were recently subpoenaed to provide information to the US Department of Labor’s investigation of pension consultants.
