All IPE articles in November 2004 (Online) – Page 7
-
News
UK’s Wicks eyes public sector and pension bill
UK – With the Pensions Bill likely to be approved today, pensions minister Malcolm Wicks has said that in the future public employees could be required to retire at 65 rather than 60.
-
News
Capital Group “world’s finest” – Greenwich (correct)
(Corrects name) GLOBAL – Reclusive asset management firm Capital Group is the best professional services firm in the world, according to the founder of consulting firm Greenwich Associates.
-
News
Royal Mail scheme seen eyeing bonds
UK - The 12 billion-pound (18 billion-euro) deficit-hit Royal Mail Pensions Scheme could invest more heavily in fixed income amid a doubling of the group’s pension bill, reports have stated.
-
News
IXIS, Dexia top E5bn French SRI market - report
FRANCE - Caisse d'Epargne’s IXIS Asset Management and Dexia Asset Management top the list of best-known players in the five billion-euro French Socially Responsible Investments market, a survey reveals.
-
News
Sweden sees surge in pension spending
SWEDEN – The Swedish Ministry of Finance says pension expenditure will rise to more than 10% of gross domestic product in the next 30 years.
-
News
UBS portfolio manager to join Kempen
NETHERLANDS – UBS’s Daniel van Akkeren is to join Kempen Capital Management in the Netherlands as a senior portfolio manager of European real estate securities.
-
News
Schroders names Fidelity’s Goossens as Benelux head
BENELUX – Schroders has named Hans Goossens as country head for Benelux, taking a role vacated by Pieter van Daalen in the summer.
-
News
Hazell Carr’s Donaldson joins Higham Group
UK – Pensions outsourcing firm Higham Group has hired Kenneth Donaldson from Hazell Carr Pensions Consulting to be director of business development, pensions.
-
News
Norway sets up Petroleum Fund ethics council
NORWAY – The 942.4 billion-crown (115.6 billion-euro) Petroleum Fund’s new advisory council on ethics was set up today by royal decree, the Ministry of Finance said.
-
News
Norwegian government mulls extra pension reform
NORWAY – The Norwegian government has floated a re-design of the tax and pension systems in the face of an ageing society that will see a surge in pension expenditures as a share of GDP.
-
News
Mercer president leaves MMC board
GLOBAL – Peter Coster, president of Mercer Inc., has left the board of troubled Marsh & McLennan Companies along with four other directors as part of corporate governance effort.
-
News
OECD finds wide variety in pension tax subsidies
GLOBAL - The Organisation for Economic Cooperation and Development has found that despite variations in the size of tax subsidy across different OECD member countries, most governments incur a sizeable positive net tax cost.
-
News
MAN, Deka in German hedge venture
GERMANY – MAN Group, a UK-based specialist in hedge funds, is teaming up with Germany’s Deka to offer a fund of hedge funds, or Dachhedgefonds, to German retail and institutional clients from the first quarter of 2005, IPE has confirmed.
-
News
EU’s Winter sees pension funds becoming “normal”
EUROPE – Jaap Winter, who chaired a key corporate governance committee for the European Commission, has said pension funds will need to become more like normal financial institutions.
-
News
ING sells Baring AM to MassMutual, Northern Trust
GLOBAL – ING Group is to sell Baring Asset Management’s investment management activities to MassMutual, while Northern Trust will buy the unit’s fund administration arm.
-
News
FRR has activated E4.8bn of mandates
FRANCE – The Fonds de Réserve pour les Retraites, the French reserve fund, says it has grown to just over 17 billion euros and has activated mandates involving 4.82 billion euros.
-
News
Putnam committed to Europe as Cohen leaves
EUROPE – Putnam Investments says it remains committed to Europe despite the departure of its top European executive Stephen Cohen.
-
News
Dutch schemes’ NIB Capital considering options
NETHERLANDS - NIB Capital, the merchant bank owned by the two largest Dutch pension schemes, ABP and PGGM, says it is currently considering its options for the future.
-
News
BNP Paribas boosts fund of hedge funds business
EUROPE – BNP Paribas Asset Management has boosted its fund of hedge fund business with an agreement to buy a stake in partner firm Fauchier Partners.
-
News
Pension costs hitting Swiss cantons – report
SWITZERLAND – Rising pension and health care costs are putting pressure on the budgets at Swiss cantons and cities, according to Standard & Poor’s Ratings Services.
