All IPE articles in November 2001 (Online) – Page 2
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News
Deutsche Telekom outlines funded pension plans
GERMANY – Europe’s largest telecoms group, Deutsche Telekom (DT), has struck a collective bargaining agreement with recently formed giant trade union, Vereinte Dienstleistungsgewerkschaft (Ver.di), whereby it will convert its pension arrangements, in line with the Riester pension reform in Germany, to include a capitalised pension fund element....
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One in three UK funds set to up bond exposure
UK – More than a third of the UK’s major companies are considering increasing their pension funds exposure to fixed income following the introduction of the FRS17 accounting standard last year, according to the initial results of a survey by Gartmore Investment Management....
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AEGON AM appoints McLatchie as managing director
UK – Edinburgh based AEGON Asset Management UK has appointed Colin McLatchie as managing director (MD) from January next year.
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Société Générale hands Watsons £300m admin brief
UK - Société Générale (SG) has awarded Watson Wyatt the mandate to take care of all actuarial, investment and administration services for its combined £300m (€488m) UK pension schemes....
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Pension reform high on Russia's priorities
RUSSIA – Pension issues are second only to the 2002 budget on the Russian state legislative body, the Duma’s activity list, says the latest Tacis East/West Institute’s (TEWI) Russian pension reform review....
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Belgian association presses government on new law
BELGIUM – The Belgian Association of Pension Funds (BAPF) has made its final overtures to representatives of the Belgian government prior to the introduction of the new Vandenbroucke law on sector pension plans, laying out its problems with the draft legislation in a bid to have a number of elements ...
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Europe happier than UK over stock exchanges
EUROPE /UK - Stock exchanges seem to be better regarded in Continental Europe than they are in the UK, according to a recent survey of opinion, entitled “Improving Trading Efficiency In European Equity Markets” amongst European broker-dealers and institutions, published by London-based Westminster and City Programmes....
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SFIM/Bank Corluy alliance gets first mandate win
BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium....
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EFRP initiates pan-European pensions pilot project
EUROPE - The European Federation for Retirement Provision (EFRP) has set up a working party with representatives from the UK, Holland and Ireland in a bid to launch a pilot project for pan-European pension funds, following its disappointment that the association’s EIORP cross-border pensions concept was rejected by last month’s ...
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Gartmore enters Italian market with Meotti hire
ITALY – UK fund management house, Gartmore, has moved into the Italian market with the opening of an office in Milan and the appointment of former ING Italian institutional chief, Nicola Meotti, as country manager....
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Austrian employers propose new DC model
AUSTRIA – The country’s employers association and unions have come up with a defined contribution (DC) pensions system designed to modernise the Austrian retirement benefit and provisions’ landscape, says Vienna based Actuaria Benefit Consulting.....
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UK is the most 'dramatic' major pensions market
UK - The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut based research and consulting firm....
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FSB says insured funds should replace stakeholder
UK – The government should set up a second tier of pension provision within the existing national insurance systems, says the Federation of Small Businesses (FSB), in a research paper that criticises the recently implemented stakeholder pension system....
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Parliament could save EIORP pension project
EUROPE – The European Parliament could throw a lifeline to the proposals of the European Federation for Retirement Provision (EFRP) for its tax neutral pan-European occupational pensions framework – the EIORP – by amending it to become a European ‘statute’ for pensions – similar to that used by European companies ...
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EMAC votes unanimously on pensions tax report
EUROPE - The European Parliament committee on economic and monetary affairs (EMAC), has unanimously voted in favour of the adoption of the draft report on taxation of occupational pensions by Dutch socialist MEP, Ieke van den Burg – throwing its weight behind the European Commission’s proposal for a communication on ...
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JLT wins consulting brief at Leek United
Jardine Lloyd Thompson (JLT) has been appointed to provide actuarial, consulting and administration services to the Leek United Building Society pension and assurance scheme....
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SEC seeks comments on introduction of active ETFs
US - The Securities and Exchange Commission (SEC) has issued a discussion document seeking public comment on the introduction of actively managed exchange-traded funds (ETFs).....
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Swiss ABB scheme launches new venture fund
SWITZERLAND – The €3.6bn Baden based ABB Vorsorge (ABB) pension fund company has launched its fourth closed-end private equity fund, which has already raised CHF 80m (€54.5m) in its first closing....
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AGF/Dresdner create new €54bn French manager
FRANCE – Paris-based asset management companies, AGF Asset Management and Dresdner RCM Gestion have joined forces to create one of France’s largest asset managers, with €54bn under management....
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Carlson grabs SEK160m in new Kommun briefs
SWEDEN – Carlson Investment Management, has won two new local authority pension fund mandates worth SEK160m (e17m)....