All IPE articles in October 2005 (Online) – Page 6
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News
ABP grows by €8.6bn to €186.9bn
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, got even bigger in the third quarter – growing by €8.6bn to €186.9bn with a 4.6% investment return.
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Mercer disbands international consulting team
GLOBAL – Mercer Human Resource Consulting is to dissolve and re-deploy its international consulting team from January 2006 to “maximise its impact and potential”, according to an internal memo seen by IPE.
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Schroders loses British Medical bond brief
UK – Schroder Investment Management has been ousted as fixed interest investment manager for the British Medical Association Staff Pension Fund following a review – the £33m bond mandate has now been awarded to PIMCO Europe.
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Watson Wyatt seeking manager researchers
UK – Consulting firm Watson Wyatt has advertised job vacancies for manager researchers, based in Reigate or London.
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IPE-QUEST: European bank tenders three mandates
EUROPE – A European bank has tendered three mandates, covering UK and Ireland equities via IPE-Quest.
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Fund-of-hedge-funds ‘worst for seven years’
GLOBAL – Fund-of-hedge fund managers are suffering the worst market conditions for seven years, according to Standard & Poor’s.
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Global pensions forum set for Jordan
GLOBAL - Amman, Jordan, is to play host to the OECD/IOPS Global Forum on Private Pensions in December.
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Commission set to present portability directive
EUROPE – The European Commission is set to approve a delayed occupational pensions portability directive on October 20 - yet the document has already drawn fire from Germany’s occupational pensions lobby Aba.
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NAPF chairman rounds on MPs
UK – Robin Ellison, the chairman of the National Association of Pension Funds, has lambasted MPs as part of a wide-ranging critique of the UK’s pension policy apparatus.
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CEIOPS gets closer to sister committees
EUROPE – The European pension supervisory committee CEIOPS is getting closer to its sister banking and securities committees with the signing of a memorandum of understanding.
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Aegon offering levensloop investment account
NETHERLANDS - Insurer Aegon has introduced an account for the ‘levensloop’, or life-course, scheme which offers the possibility of saving as well as investing, it said.
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Watson Wyatt makes three Dutch hires
NETHERLANDS – Watson Wyatt has hired three new staff for its “rapidly expanding” investment consulting team in the Netherlands.
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Belgium defies unions and raises retirement age
BELGIUM - Belgium has decided to increase the minimum age for retirement from 58 to 60, in line with recommendations from the European Commission – despite trade union concern.
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IPE-QUEST: Tenders for up to $100m in US bonds
SWITZERLAND – Lugano-based consultant Kieger has tendered up to $100m (€83m) in actively managed US government bonds via IPE-Quest.
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Dutch hedge fund concern correct – IMF chief
UK – The head of financial market stability at the International Monetary Fund said the Dutch financial regulator AFM “was not wrong” to be concerned about the lack of transparency in hedge funds.
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Consultants give good advice - researcher
UK – Pension consultants generally give trustees good advice, says the head of a new firm which tracks the effectiveness of advice.
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ABP unlikely to go cross-border – Maassen
EUROPE – Dutch civil service scheme Stichting Pensioenfonds ABP is unlikely to move from the Netherlands despite the new pensions directive, says the fund’s pensions director Jaap Maassen.
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Call for asset managers to run pensions
EUROPE – The European Fund and Asset Management Association, the investment fund trade body, says it will press for the industry to offer occupational pensions.
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Dutch OPF critical of pension governance plan
NETHERLANDS – The OPF, the Foundation of Company Pension Funds, has expressed criticism of the proposed structure for Dutch pension fund governance.
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UK miners’ schemes in governance move
UK – The Mineworkers’ Pension Scheme and British Coal Staff Superannuation Scheme have beefed up their governance framework via the web – a growing trend due to stringent regulations.
