All IPE articles in October 2003 (Online) – Page 3
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Extending working lives essential - UK minister
UK – The UK’s pensions minister has defended the government’s plans to offer a lump sum to people who retire late, saying that extending working lives is essential.
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Pensplan tenders global equities via IPE-Quest
ITALY – Centrum PensPlan has put out to tender a global equities mandate via IPE-Quest.
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BoNY sees “strong momentum” in global custody
US – The Bank of New York, posting a 37% rise in securities services fees, says it is seeing “strong new business momentum” in global custody.
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UK not ready to raise state pension age - report
UK – The UK is not ready to raise the state pension age, says the Pensions Policy Institute, but it should be kept as a “live policy issue”.
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Nordic institutions move to alternatives - survey
NORDIC – Nordic institutional investors are continuing to move into alternative assets, according to research conducted by Prospera Research.
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ABN Amro and unions sign pension accord
NETHERLANDS - Dutch banking unions have signed an accord with ABN Amro to investigate ways of cutting pension costs.
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Aegon’s van de Geijn to head Zurich life business
SWITZERLAND – Zurich Financial Services has hired Aegon’s Paul van de Geijn as its chief executive of life insurance business, a new role.
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OPRA sets up whistleblower “traffic light” system
UK – The UK’s occupational pensions regulator has set up a “traffic light” system to simplify the procedure for whistleblowing when a scheme gets in difficulties.
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Amvescap confident about 2004, CFO retires
GLOBAL – Fund management firm Amvescap said it is confident about profits going forward, and added that its chief financial officer is to retire.
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Aon confident on big UK firms’ pension deficits
UK – The pensions deficits of FTSE 100 companies could be wiped out in just over one year’s time, according to analysis by Aon Consulting.
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Irish pensions 'hurricane' has left funds beyond repair - Broxson
Irish Pension funds have been through a "pensions hurricane”, which has left some beyond repair, according to Alan Broxson, director of the Irish Pensions Trust.
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CSAM aims to attract wary institutions to hedge funds
Credit Suisse Asset Management (CSAM) has become the latest global asset manager to move into the direct management of hedge funds.
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Institutional investors gaining confidence says new index
GLOBAL – Institutional investors’ confidence rose in October, according to a new State Street index.
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European pension reform could spur economic catch up with US - PWC
Pension reform in Euroland could spur on Europe’s economy, enabling it to catch up with the US within the next six years, says a report by consultants PricewaterhouseCooper (PwC).
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UK drafts legislation for fair asset split in scheme wind-ups
The UK government has issued draft regulations to ensure a fairer sharing of assets when a final salary pension scheme is wound up.
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CSAM names Brumby as corporate governance officer
UK - Credit Suisse Asset Management UK has named Richard Brumby in the role of corporate governance officer.
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UK pooled balance funds stay positive for second quarter running
UK pooled balanced funds have made positive returns for the second consecutive quarter, according to Russell/Mellon CAPS.
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Eurostat issues ruling on pension transfers
EUROPE – The European statistical office, Eurostat, has ruled that the transfer of unfunded corporate pensions to governments counts as revenue.
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Ex-Watson’s van Aalst sets up own consultancy
NETHERLANDS – The former head of Watson Wyatt’s Dutch investment practice, Paul van Aalst, is setting up a new consulting firm called Strategeon Investment Consultancy.
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Danish regulator under fire for pension stance
DENMARK – Denmark’s financial regulator has come under fire for forcing pension funds to sell shares and miss out on the current recovery in share prices.
