All IPE articles in October 2004 (Online) – Page 8
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Austrian pensionskassen return 3.28% - OeKB
AUSTRIA - Austrian pensionskassen returned an average of 3.28% in the first half of 2004, according to the Austrian Control Bank (OeKB).
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Interest rates rattle Swiss funds, report says
SWITZERLAND - Swiss pension funds’ confidence has slumped, bashed by the latest developments in global interest rates, says asset manager Bearbull Gestion Institutionelle.
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Deka says institutional funds still healthy
GERMANY - Deka Bank has confirmed that one of its mutual funds investing in real estate suffered outflows totalling 1.2 billion euros in the first eight months of 2004, but said its institutional funds investing in the asset class remained healthy during the period.
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Ex-Belgian pensions minister joins consultant
BELGIUM – Former Belgian pensions minister Freddy Willockx has joined the new full-service consulting firm Akkermans Stroobants & Partners.
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DeAM unfazed by E4.3bn UK mandate losses
EUROPE – Deutsche Asset Management has said a total of three billion pounds (4.3 billion euros) in recent pension fund mandate losses is not such a “big shock”.
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Hewitt global investment head Fitzpatrick to retire
GLOBAL – Nick Fitzpatrick is to retire as head of global investment consulting at Hewitt Associates and be replaced by former Schroders investment head Nicola Ralston.
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German consultant Faros hires FERI’s Umlauf
GERMANY - Faros Consulting, a new German investment advisor for institutional clients, has poached a senior executive from rival FERI.
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T. Rowe Price revamps London research team
EUROPE – T. Rowe Price has revamped its London-based non-US equity research team with the appointment of former Goldman Sachs research executive Kamran Baig.
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Diageo transfers shares to cut E1.1bn deficit
UK – Drinks firm Diageo has transferred four million shares in US cereal maker General Mills to its UK pension plan to help cut the scheme’s 750 million-pound (1.1 billion-euro) deficit.
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UK’s Dorset allocates to hedge funds in revamp
UK - The 900 million-pound (1.3 billion-euro) Dorset County Pension Fund has allocated five percent of its portfolio to hedge funds investments as part of a review of investment strategy.
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ING IM names new risk management head
NETHERLANDS – Luciano de Almeida has been named as head of risk management at ING Investment Management Europe to replace Remco van Eeuwijk, who has joined Wilshire Associates.
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Aon names Hewitt’s Macro to head DC consulting
UK - Aon Consulting has hired Paul Macro from Hewitt Bacon & Woodrow to head its defined contribution consulting business.
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Sweden takes step to IORP implementation
SWEDEN - The government’s insurance corporation overhaul committee has today presented its proposal for the implementation of the EU pension fund directive to deputy minister of Finance Gunnar Lund, Alex Inkapool writes.
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Training could aid EU pension crisis - institute
EUROPE – Life-long training could help solve the European Union’s pension problem, the European Institute of Public Administration says.
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EFRP economist Ruttens leaves
EUROPE - Christel Ruttens, an economist at the European Federation for Retirement Research, is leaving the EFRP for a role outside the pensions industry.
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UK consults on local government pensions
UK – The government has launched a consultation on the future of local government pensions – saying “affordability and sustainability” are key.
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RBS’s Clerkin to join Medical Research Council
UK – Jim Clerkin, pensions administrator at the Royal Bank of Scotland, is to join the Medical Research Council as pensions manager amid restructuring within RBS.
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Former Nabarro pensions head forms own firm
UK – John Quarrell, former head of pensions, insurance and financial services at law firm Nabarro Nathanson, has set up his own firm specialising in pensions.
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Academic warns of Italian pensioner poverty
ITALY- Italian workers face the risk of relative poverty if they do not save for their pensions, says the president of the National Commission for the Research on Social Exclusion.
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Swedish pension chiefs working with Atlas
SWEDEN – Top executives in the Swedish pension industry are working with industrial group Atlas Copco on putting together a proposed board of directors.
