All IPE articles in November 2001 (Online) – Page 4
-
News
Stamp duty hike will be a tax on pension funds
UK – A rumour that the next UK budget will include an increase in stamp duty from 4% to 5% on properties over £500,000 (€807,000) will effectively be a tax on pension funds, warns chartered accountants, Kingston Smith (KS).....
-
News
JPMorgan retains £6.8bn ICI custody mandate
UK – The £6.8bn (e11bn) ICI Pension Fund has reappointed JPMorgan Investor Services as its global custodian for a further three years following an extensive review....
-
News
SEI appoints UK client services director
UK – SEI Investments has appointed Nigel Down as client service director to its UK institutional team, a newly created position.....
-
News
Gissings wins LOGiCOM European admin brief
EUROPE – Employee benefits consultancy company, Gissings, has won the mandate to provide full pensions services to the UK and continental European pension schemes of LOGiCOM, the IT inventory and supply chain company....
-
News
Mellon reshuffles management for European growth
UK/EUROPE - Mellon Financial Corporation (Mellon) has announced a raft of senior European management changes as it sets its sights on business growth on the continent, beginning with the move of Jack Klinck, Executive Vice President and Head of Corporate Strategy and Development, to London as head of Mellon Europe.... ...
-
News
Nomura hires veteran UK institutional adviser
UK - Nomura Asset Management has appointed Philip Sellers, CBE, a former trustee to the Post Office Pension Funds (now Consignia), as an adviser to its London based institutional operation....
-
News
Companies failing on governance, says NAPF
Only 19% of Britain’s top companies meet investors’ highest corporate governance expectations, according to a survey carried out by the UK National Association of Pension Funds (NAPF)....
-
News
JP Morgan launches market protected fund
UK - JPMorgan Fleming Asset Management has launched a new fund that seeks to provide institutional investors with full capital protection from stock market fluctuations....
-
News
Fidelity offers three new institutional funds
UK/EUROPE - Fidelity Investments has launched three new institutional pooled funds, the UK Multi-Manager, UK High Alpha and pan-European Funds, to meet what it believes is a gap in the market for small and medium sized pension plans....
-
News
Lennard: Mercury
UK – Mercury Asset Management (MAM) had been “under pressure” to boost performance after several years of flat returns when Carol Galley appointed a 27 year-old fund manager, Alistair Lennard, to manage the £600m USF UK equity portfolio, the high court was told today (November 14). ...
-
News
Accord reached on Finnish pension reforms
FINLAND – Finnish labour organisations have reached a last-ditch agreement on reform of the country’s first-pillar TEL pensions system, although some confusion remains as to the exact nature and timing of some of the proposed reforms....
-
News
Nordea signs up Northern Trust for US custody
US – Nordea Investment Management (NIM), the US fund management arm of the Nordic group, has appointed Northern Trust as global custodian and fund accountant to its new Delaware institutional business trust....
-
News
Nasdaq Europe in German exchange alliance
GERMANY – The Berlin Stock Exchange (BSE) and NASDAQ Europe (NE) have announced details of a partnership to create a common trading platform, the first time an international stock exchange has formed a direct link with the German equities market....
-
News
Ray Martin new Scottish & Newcastle pensions chief
UK/FRANCE - Ray Martin, the former vice chairman of the European Federation for Retirement Provision (EFRP) and former chairman of the UK National Association of Pension Funds (NAPF) benefits committee, is to return to a senior UK pensions position on February 1 next year, as group head of pensions and ...
-
News
Hymans publishes top 50 UK fund manager survey
UK – London based international actuaries and consultancy firm, Hymans Robertson (HR), has published its 16th annual survey of the UK’s major pension fund managers, entitled The Big 50....
-
News
Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
-
News
Russell in Spanish multi-manager alliance
SPAIN – Frank Russell Company has formed a strategic partnership with major Spanish financial organisation, Ahorro Corporación, to provide a comprehensive multi-management investment programme to retail investors....
-
News
Pioneer Investments beefs up European team
US investment fund house, Pioneer Investments, has added a further member to its European team with the appointment of Marie-Laure Haley as vice president – global relationships....
-
News
Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
-
News
Equity/bond split drives managed fund returns
GLOBAL – The allocation of investment between bonds and equities has become the driving force behind the performance of managed funds this year, as compared to regional asset allocation and equity exposure in 2000, says a performance report by Standard & Poor’s (S&P)....
