All IPE articles in November 2003 (Online)
View all stories from this issue.
-
News
Britannic hires finance chief from Winterthur UK
UK – Britannic Group, which recently closed its retirement arm to new business, has named Graham Singleton as group finance director.
-
News
French pension reform timetable on track
FRANCE – Labour minister Francois Fillon has confirmed that all the necessary decrees to enable pensions reform to be implemented on January 1 will be published before the end of the year.
-
News
Deutsche’s DWS moving into hedge funds
GERMANY - DWS Investments is moving into hedge funds, and expects to sell one billion euros of its new products in 2004.
-
News
UK says trustees highly dependent on consultants
UK – A new report commissioned by the government’s pensions department says trustees are “highly dependent” on investment consultants.
-
News
Legal & General arm in ageing downgrade
UK – Triple-A insurer Legal & General Assurance Society has been downgraded, as increased life expectancy threatens the financing of its growth in annuity sales.
-
News
Institutional investors could aid stability – BIS
GLOBAL – Institutional investors could have a role in market efficiency and stability, says the Bank for International Settlements.
-
News
Legg Mason names institutional sales director
UK – Legg Mason Investments has appointed Spencer Ahluwalia as director of institutional sales.
-
News
French reserve fund delays manager shortlist
FRANCE – The Fonds de Reserve pour les Retraite (FRR) is to delay announcing the manager shortlist for its 16 billion euros of mandates until December.
-
News
Pensions to boost asset management – McKinsey
EUROPE – The development of the European pensions industry and shifting demographics are set to boost Europe’s institutional asset management industry, according to a new report from McKinsey & Co.
-
News
Norway’s Petroleum Fund returns +1.7%
NORWAY – The Norwegian government’s Petroleum Fund returned 1.7% for the third quarter, bolstered by the positive performance of the equity portfolio.
-
News
Austrian pension reform a boost for tax - IMF
AUSTRIA – The International Monetary Fund says Austria’s recent pension reform will boost the country’s long-term fiscal sustainability.
-
News
Icelandic pension funds return –3% in 2002
ICELAND – Pension funds in Iceland returned –3% in 2002, according to the Financial Supervisory Authority, or FME.
-
News
Finland’s OP hires Nordea’s Backstrom as CIO
FINLAND – Magnus Backstrom has been appointed as chief investment officer for the OP Bank Group Insurance and Pensions.
-
News
Northern Trust adds to European client service
UK – Northern Trust Global Investments has made two new appointments to its European institutional client service team.
-
News
UK seeks to boost effective retirement saving
UK – The UK government says it will introduce legislation to encourage people to save more effectively for their retirement - and companies are also to be encouraged to provide “good quality” pensions.
-
News
OECD highlights pensions at four European states
EUROPE – The Organisation for Economic Cooperation and Development has highlighted four of its member countries - Norway, Italy, Belgium and Finland – where pension reform and population ageing are most pressing.
-
News
Hult leaves as Carnegie AM splits from private banking
SWEDEN – Bertil Hult, head of Carnegie Asset Management and private banking will be leaving following the separation of the two business areas.
-
News
Pensions key for new Spanish government – report
SPAIN – Whoever wins the election next year, reform of Spain’s pension system will be a key priority, says the International Monetary Fund.
-
News
USS and Railpen in global engagement forum inititative
GLOBAL – Two of the UK’s largest pension schemes have established a forum for global investors to address the issue of cross-border shareholder activism and corporate governance.
-
News
Fortis Investments' assets up to e77bn
BELGIUM – Fortis Investments has reported an increase in assets under management for the first nine months of 2003.
