All IPE articles in October 2005 (Online) – Page 2
-
News
Swiss schemes buoyed by equities – Lusenti
SWITZERLAND - Buoyed by a strong performance from equity markets this year, Swiss private and public pension schemes had returns of 6.1% and 5.8% respectively in the first half, according to Lusenti Partners.
-
News
Dutch SCGOP changes name and chairman
NETHERLANDS – The Dutch Foundation of Corporate Governance Research for Pension Funds, or SCGOP, has changed its name and plans to widen its membership.
-
News
Consultant power ‘driving asset management M&A’
EUROPE – The increasing power of investment consultants and more activity from pension fund trustees are among the pressures that could lead to more mergers in the European asset management industry, PricewaterhouseCoopers says.
-
News
CEIOPS re-drafts pension supervision protocol
EUROPE – CEIOPS, the European pension supervisory committee, has amended a draft protocol on supervisory cooperation following criticism from the European Federation for Retirement Provision in particular.
-
News
Mercer embroiled in Austrian pension row
AUSTRIA – A row has broken out between Austria’s Financial Markets Authority and consulting firm Mercer over the implementation of the EU occupational pension directive.
-
News
Blow to Italian funded system as reform delayed
ITALY – The outlook for a funded pension system in Italy has been set back following a delay to the approval of the reform of the so-called Tfr system.
-
News
Dutch insurers in spat with ABP, PGGM - paper
NETHERLANDS – Dutch insurers have accused the two largest pension funds ABP and PGGM of unfairly using their positions to actively market ‘levensloop’, or life-course, products to their members.
-
News
Volvo Dutch scheme outsources to MN Services
NETHERLANDS – Stichting Pensioenfonds Volvo Car BV (VCBV) has agreed to outsource the management of a third of its total investment portfolio (€200m) to MN Services – the fund’s new fiduciary manager.
-
News
CACEIS’ branches in name change
EUROPE - The Luxembourg and Dublin branches of Crédit Agricole Investor Services Bank Luxembourg have changed their names to CACEIS Bank Luxembourg and CACEIS Bank Luxembourg Dublin Branch, respectively.
-
News
US-based Principal to open Munich branch
GERMANY – US fixed-income specialist Principal Global Investors plans to open a branch in Munich from January 2006.
-
News
IPE-QUEST: Danish fund tenders US large-caps
DENMARK – A Danish pension fund has tendered $100m+ (€82.6m) of US and Canadian large-caps via IPE-Quest.
-
News
Pension consulting spared in Aon UK job cull
UK – Aon is to cut up to 750 jobs in the UK, although the human resources and pensions consulting business will not be heavily affected.
-
News
UK further delays new pension funding standard
UK – The UK government has decided to further delay new defined benefit scheme funding requirements until the end of this year, saying it’s important that it gets the regulations right.
-
News
Germany: Aventis scheme in €800m FX move
GERMANY – Aventis Pensionstreuhand, the €1.9bn pension fund for pharmaceuticals giant Sanofi-Aventis, has awarded State Street Global Advisors an €800m currency overlay mandate.
-
News
Sweden consults on traffic-light pension model
SWEDEN – The Swedish financial regulator has launched a consultation on a proposal to identify possible problems at occupational pension funds and life companies using the so-called traffic-light model.
-
News
E.ON reviewing investment consultant FERI
GERMANY – Watson Wyatt has confirmed that it and rival consulting firm FERI are both vying to advise energy giant E.ON on the creation of an external fund for up to €5.4bn in pension liabilities.
-
News
Ireland: Heissmann’s Daly sets up own firm
IRELAND – Fiona Daly, the former investment head at Heissman Consultants in Ireland, has set up her own firm called Rubicon.
-
News
Netherlands’ Akkermans boosts pension team
NETHERLANDS - Dutch consultancy Akkermans & Partners has hired Rob Simon as director of its new pension communication service, it said.
-
News
France ‘developing new real estate UCITS’
FRANCE – The French government is developing a new class of UCITS, which could have a positive impact on the country’s real estate market and solve its retirement problem – according to SGAM Alternative Investments.
-
News
COMMENT: For FTK read PVK
COMMENTARY - The Dutch authorities’ decision last month to delay the FTK for pension funds by a year, while broadly expected, was still significant.
