All IPE articles in October 2003 (Online) – Page 8
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BONY boost UK pensions team
UK – The Bank of New York has bolstered its UK pensions team with the appointment of Ray Bloom and Jeff Crispin.
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Claude Chuard of Swiss Aon Chuard steps down
SWITZERLAND – Claude Chuard is stepping down as head of consultants, Aon Chuard in Switzerland.
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P&O scheme awards E71m mandate to Investec
UK – The 1.7 billion-euro P&O Pension Scheme has awarded a 50 million-pound (71 million-euro) UK equities mandate to Investec Asset Management.
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Executives’ pension plans under EU scrutiny
EUROPE – The European Parliament’s rapporteur on the new transparency directive has called for the details of corporate executives’ pension plans to be disclosed.
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UK’s OPRA names new policy director
UK - The Occupational Pensions Regulatory Authority has named John Ashcroft as strategic policy director, a new post.
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Morley reappointed at Lincolnshire fund
UK – Morley Fund Managers has been reappointed to run a 100 million-pound (143 million-euro) fixed income mandate for Lincolnshire County Council pension fund.
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Irish managed funds return 6% so far this year
IRELAND – Irish group pension managed funds have returned more than six percent so far this year, according to new data from consulting firms.
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Metalektro returns 2.4% in third quarter
NETHERLANDS - Metakektro, the 13 billion-euro pension fund for metal and electrical workers, returned 2.4% in the third quarter.
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Equities were funding “scapegoat” – Stroobants
EUROPE – Equities have been made the scapegoat for pension scheme underfunding, says Karel Stroobants, the former president of the Belgian pension fund organisation.
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WM sees “chink of light” in UK pension returns
UK – State Street’s performance measurement division WM Co. says there is a “chink of light” for UK pension funds, with returns reaching almost 10% in the second quarter.
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Ten managers hit as Belgacom closes
BELGIUM – The ten fund managers for Belgacom’s 3.6 billion-euro pension fund are to lose their mandates as the assets are handed over to the state.
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Asset managers seek credit market best practice
EUROPE – More than 25 of Europe’s largest investment management companies, including PGGM and ABP Investments, have published a consultation paper aimed at improving standards in Europe’s credit market.
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MLIM names Buckle as a fixed income director
UK – Merrill Lynch Investment Managers has bolstered its fixed income team with the appointment of David Buckle as director.
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Russell/Mellon CAPS to provide index data
EUROPE – Russell/Mellon CAPS will now provide index data services to asset manager across Europe with the acquisition of FT Interactive Data’s index distribution operation.
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Spanish social security system “solvent” - Merino
SPAIN - The chairman of a key pension reform committee, Jesus Merino Delgado, has insisted that the country’s social security system is still solvent.
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Gartmore hires hedge fund risk head
UK – Gartmore has named a former telecoms executive to the new role of head of hedge fund risk management.
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Ireland’s Maher sees EU having “broader plans”
NETHERLANDS – Ireland’s pensions regulator Anne Maher says the European Union may have “broader plans” on pensions coordination.
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Consultants blamed for asset-liability problems
GERMANY – The problem of pension fund assets showing little relation to liabilities is mainly due to consultants, according to a top executive at Deutsche Asset Management.
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UK to pay E43,000 to defer retirement
UK – The UK government has announced plans to pay a lump sum of up to 30,000 pounds (43,000 euros) to people who defer their retirement for five years.
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Fortis Investments names head of Italian sales
ITALY – Fortis Investments has appointed a new head of sales for the Italian and Mediterranean market.
