All IPE articles in October 2004 (Online) – Page 6
-
News
New German hedge fund launched
GERMANY - Focus Investment Group, a Bermuda-based hedge fund provider, plans to offer one of its products to German institutional investors starting next month.
-
News
Philips sees “uncertainty” of pension indexation
NETHERLANDS – Electronics giant Philips has said that its new pensions agreement may mean a “degree of uncertainty” for members due to a shift in indexation policy.
-
News
State Street to cut 425 jobs and restructure
GLOBAL – State Street Corp. says it will cut about 425 jobs and restructure some of its businesses amid a 12% fall in quarterly profits.
-
News
Pension Commission: reaction broadly positive
UK – The Pension Commission’s interim report was broadly welcomed by the government and industry observers – here is a selection of comments from politicians, industry groups, consultants and unions.
-
News
Mercer Australia chief to succeed UK CEO Barford
UK – Mercer Human Resource Consulting has named Simon O’Regan, the head of its Australian arm, to succeed David Barford, who is retiring as chief executive in the UK.
-
News
DeAM consultant head Patel leaves
EUROPE - Deutsche Asset Management has confirmed the departure of Dipak Patel, director of consultant relationships.
-
News
UK Pension Commission says millions under-saving
UK - At least nine million people are ‘under-saving’ for their pensions and the number is likely to grow with the shift from defined benefit to defined contribution, said Adair Turner, chairman of the Pensions Commission.
-
News
New Italian tourism scheme gets OK
ITALY- Pension regulator Covip has authorised the Marco Polo scheme, which is targeted at the 800,000-strong tourism sector, to collect contributions.
-
News
Consultants unscathed by UK’s Pension Commission
UK – Consultants to pension funds appear to have emerged unscathed from a new government-sponsored report into the UK’s pension crisis – with observers welcoming its focus on the future.
-
News
MLIM third-quarter earnings up 59%
GLOBAL – Third-quarter pre-tax earnings at Merrill Lynch Investment Managers were up 59% – despite what the firm called a “progressively more challenging market environment”.
-
News
Germany’s Heubeck in pension transparency call
GERMANY - German pension advisor Heubeck AG has urged German companies to provide more transparency regarding their pension liabilities to rating agencies and banks or face the threat of financial exclusion.
-
News
PensionDanmark in funds transferral move
DENMARK – Industry-wide pension fund PensionDanmark is bidding for a share in the new market of funds transferral from the government-backed SP fund to other funds chosen by workers.
-
News
UK eyes “automatic enrolling” for work schemes
UK – The government may be considering “automatic enrolling” of workers into occupational schemes, according to pensions minister Alan Johnson.
-
News
Ex-Watson's Douse leaves Schroders
EUROPE - Susan Douse, the former Watson Wyatt consultant who left to join Schroders, is to leave the asset management firm after six months in the job.
-
News
Fortunis dormant as Menco joins De Eendragt
NETHERLANDS – Dutch consulting firm Fortunis has become dormant with its principal Philip Menco taking the helm at the 750 million-euro De Eendragt scheme.
-
News
Dutch workers willing to invest in pensions
NETHERLANDS – Dutch employees are prepared to invest an additional 6.5 billion euros to reach an acceptable pension level, a Dutch insurer has said.
-
News
UK milk fund awards bonds to Axa
UK - The 275 million-pound (398 million-euro) Milk Pension Fund has diverted 33 million pounds from a gilts portfolio managed by Merrill Lynch Investment Managers into a segregated UK fixed income mandate managed by AXA Investment Managers.
-
News
US elections seen affecting asset managers
GLOBAL - Asset management firms could be among those most affected by the US presidential election.
-
News
DB trustees face dilemma over deficits – S&P
UK – The trustees of defined benefit schemes should have ‘appropriate tools’ to help them balance cutting deficits and keeping costs to the sponsor within limits, a conference has been told.
-
News
Mercer enters partnership with Greece’s Planet
GREECE - Mercer Human Resource Consulting says it has entered into a partnership agreement with leading Greek consulting firm Planet SA, which ended a relationship with Ernst & Young earlier this year.
