All IPE articles in November 2001 (Online) – Page 6
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News
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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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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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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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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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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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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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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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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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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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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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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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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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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USF £600m fund was run by 27 year old, court told
UK – Alistair Lennard, one of the fund managers at the centre of the Merrill Lynch/Unilever high court case, was just 27 years old with three years experience as a fund manager and a “hunger for success”, when he took on responsibility for around £600m in UK equities for the ...
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BGI builds on B&CE mandate with £150m top-up
UK – Barclays Global Investors (BGI) has been selected to run an additional £150m (€243.5m) overseas equities and bonds mandate for the £650m defined benefit (DB) pension plan for the Building & Civil Engineering Benefits Scheme (B&CE)....
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Punter Southall announces trustee training dates
UK – Consulting actuaries company, Punter Southall & Co (PS), has published the dates for its latest trustee training programme 2001/2002....
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State Street gets £5bn Quilter FM custody account
UK – £5bn (€8bn) London based investment management company, Quilter Fund Management, has awarded a global custody and fund accounting mandate to State Street Corporation.
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Invesco Pensions wins Noble House mandate
UK – Invesco Pensions has won the mandate to provide stakeholder pension services for restaurant and leisure group Noble House.
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Crédit Agricole wins Italian institutional brief
ITALY – The Milan based Italian arm of French group, Crédit Agricole Asset Management (CAAM), CAAM Sgr, has won an index-linked structured equity mandate from Parma based insurance group, Po’Vita, The size of the mandate will be between €45m and €65m.....
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Norwich Union adds external bond funds
UK – Norwich Union (NU) has introduced 57 external funds to its range of investment bonds....
