All IPE articles in October 2001 (Online) – Page 2
-
News
Revised Myners investment voluntary code issued
UK – Following consultation within the industry, the government has outlined its revised set of principles of investment, as proposed by the Myners’ review...
-
News
Wassum in strategic alliance with Hewitt
SWEDEN -International consultants Hewitt Associates have formed a strategic alliance with Nordic advisers Wassum Investment Consulting, as part of its plans for global coverage.
-
News
Roberts leaves NAPF to head back to BBC
UK – Rhoslyn Roberts has been appointed head of pensions for the British Broadcasting Corporation’s (BBC) £7bn (€11bn) UK staff pension fund.
-
News
New private equity and joint venture at Kleinwort
UK - A new private equity fund is being launched by Kleinwort Capital, a joint venture set up by investment trust Kleinwort Development Fund and Dresdner Kleinwort Capital, the private equity arm of Dresdner Bank.
-
News
Questions galore for trustees after Myners’ code
UK – Global investment consultancy and services firm, Frank Russell Company has suggested nine points of its own to add to the 10 questions pension fund trustees should ask themselves about transaction costs, as outlined yesterday in the final Myners’ review code.
-
News
S&P and Crédit Lyonnais in European ETF tie-up
FRANCE/EUROPE – Standard & Poor’s and Crédit Lyonnais Asset Management (CLAM) have entered into a partnership to sell exchange traded funds (ETFs) to institutional and retail investors in the European market under S&P’s SPDR brand....
-
News
BancoPosta selects Russell's multi-manager funds
ITALY - BancoPosta, the Italian post office’s banking division, has chosen Frank Russell’s multi-manager fund range for its latest capital guaranteed product offering....
-
News
AXA Private Equity opens Frankfurt office
GERMANY/FRANCE - AXA Private Equity has opened a new German office in Frankfurt and announced the completion of its fund range with the addition of primary funds of funds to the firm’s offering....
-
News
Mercer: Government will legislate for trustees
UK – The government will legislate against pension fund trustees taking decisions unless they are ‘familiar’ with the issues concerned - as laid out in the Myners report, claims consultancy firm, William M. Mercer....
-
News
Siemens Swedish fund hires State Street
SWEDEN/GERMANY – Boston based State Street Corporation has been appointed by German electronic giant, Siemens to provide a full range of global investment services to its $74m (€81m) Swedish pension fund...
-
News
Moessle elected to head European AM association
EUROPE – The European Asset Management Association (EAMA) has elected Klaus Moessle of Deutsche Asset Management in Frankfurt as its president....
-
News
Myners warns of legislation threat over proposals
UK – There is a threat of government legislation to force pension funds to make statements of non-compliance to the recommendations of the Myners’ Review, warned Paul Myners, when speaking at the Pensions Management Institute (PMI) Autumn conference in London today.
-
News
Wasserman to head multinational servicing at Aon
LONDON/GLOBAL – Aon Consulting has promoted Simon Wasserman, the former head of international benefits at ASA, recently acquired by Aon, to the position of global chairman of its international benefits consulting practices....
-
News
Scots are better savers than the English
UK – The British are more likely to go for short term savings rewards, with the Scots more ‘canny’ about their retirement savings than their English and Welsh counterparts, according to a survey commissioned by Merrill Lynch Investment Managers (MLIM)...
-
News
German chemical industry to create huge fund
GERMANY – The German chemical employers association, the Bundesarbeitgeberverband Chemie (BAVC) has laid down a framework with the industry’s trade union, the Industiregewerkschaft Bergbau, Chemie, Energie (IG-BCE), for the creation of a potentially 590,000 strong industry-wide pension fund....
-
News
Towers poaches two from rival William M.Mercer
UK – Benefits consultancy firm, Towers Perrin, has poached two business development consultants, Martin Good and Jason Kenny, from rival consultants William M. Mercer....
-
News
OPRA issues checklist to dispel stakeholder myths
UK - The Occupational Pensions Regulatory Authority (OPRA), the UK pensions industry watchdog body has issued a set of guidelines to dispel any misconceptions about the impending October 8 deadline for the introduction of new stakeholder pension schemes....
-
News
UK funds in the dark on FRS 17, says SEI
UK – FRS 17, the new accounting standard for pension funds could have major implications for company profits and has already forced one quoted company to cut its dividend to shareholders, according to research carried out by SEI Investments....
-
News
Multi-manager market reaches $569bn, says Cerulli
GLOBAL – Europe now represents the bulk of global assets in fund-of-funds arrangements, claims Cerulli Associates in their October multi-manager brief, which says that inflows into the investment vehicle have more than doubled during the 18 months to June this year....
-
News
Capital gains from P&D Devon fund reduction
UK – The £1.24bn (e2bn) Devon County Council pension fund has stripped around a third off a £235m balanced mandate with UK fund manager Phillips & Drew and brought in Capital International to manage the balance, with each firm given12.5% of the total portfolio to run on a global multi-asset ...
