All articles by Perttu Jarvenpaa – Page 3
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EU social body lays down pension principles
EUROPEAN UNION – The EU Employment and Social Policy Council, represented by the respective ministers of Member States, has laid down three principles for future action on sustainable pension systems in the union....
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Euronext launches another 15 tracker funds
FRANCE – Euronext, the joint exchange of Amsterdam, Brussels and Paris, is launching another 15 exchange traded funds (ETF), or trackers, in the autumn. They are sold on a market segment dedicated to ETFs on the Euronext bourses.
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£300m pension fund appoints BoNY as custodian
UK - The £300m Laporte Group Pension Trust, the pension fund for the multinational chemicals company Laporte has appointed The Bank of New York as global custodian.
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Deutsche launches new euro emerging markets index
EUROPE – Deutsche Bank has launched an emerging markets sovereign bond index with a European bias and a reduced focus on Latin America. The Emerging Markets Liquid Eurobond Euro index consists of 21 components that the company say are the most liquid benchmark bonds in any hard currency.
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Pohjola and Conventum create new financial group
FINLAND – The announced merger between Helsinki-based insurance group Pohjola and investment manager Conventum also brings the office network of pension insurance group Ilmarinen and life insurer Suomi to the new joint financial services company for the Finnish market.
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Hungary to get industry review of pension funding
HUNGARY – Pension funds, asset managers and the country’s supervisory body are banding together to produce a joint review of the technicalities of the Hungarian pension funding system....
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Sector impact may be overplayed, says Schroders
The importance of country impact is reappearing in investment strategy as some sector clusters begin to split up, according to research by UK investment manager Schroders’ investment strategy unit....
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UK government appoints new minister of pensions
UK – Alistair Darling is to remain in his position as secretary of state for work and pensions following the reshuffle of UK government posts after last week’s general election. Ian McCartney comes in as new minister of pensions....
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Task force for EU pension harmonisation
EUROPEAN UNION – The Brussels based Centre for European Policy Studies (CEPS) has set up a task force on pension portability and cross-border taxation, in order to analyse the markets and make recommendations for a future pensions directive.
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Accel lines up hi-tech team for European office
EUROPE/US – The US venture capital firm, Accel Partners, is expanding into Europe and has appointed Kevin Comolli to lead its European operations from London, with a team of well known technology experts.
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"Annuities play an important role" say academics
EUROPE - The role of inflation-indexed annuity products in financing pensions should be carefully considered during the process of reformation of European pension plans, according to leading academic Olivia Mitchell
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Sampo plans ahead of a controversial merger
FINLAND/NORWAY – The Finnish financial group Sampo makes appointments in anticipation of a merger between Sampo and the Norwegian asset manager and pension insurance house Storebrand.
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AXA updates its software with Marlborough Stirling
UK – Pension insurance company AXA Sun Life is renewing its computer software system through a £35m (e57) deal with business solution provider Marlborough Stirling. AXA will start using a back office system based on the provider’s life and pensions solution called LAMDA.
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BMW enters investment fund field with Russell
GERMANY – BMW Bank, the financial services arm of German car manufacturer BMW, has entered investment fund business with a range of international multi-manager funds, offered through Frank Russell Company, starting on Jul 30.
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Eurosif launched to promote SRI in Europe
EUROPE – The European social investment forum is currently looking for a project manager to launch its campaign in creating a pan-European organisation for socially responsible investment (SRI).
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Latvians wary of state premium pension system
LATVIA – The state second pillar pension system, modelled on the Swedish PPM, will start operations on July 1, but local offices of the State Social Insurance Agency still have a lot to explain to older Latvians before they will join in the initially voluntary system, according to Laima Zilite ...
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Pension funds want custodial accountancy services
UK – Most British pension funds (93%) that do not currently use accounting services provided by their custodian will do so in the future, according to a survey by Bank of New York at the annual National Association of Pension Funds conference earlier this year in Birmingham.
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State Street/Itaú in Brazil institutional tie-up
BRAZIL/US – State Street has entered into an agreement with Brazil’s second largest private bank, São Paolo based Banco Itaú, in a bid to expand institutional investment services for clients of both companies, including pension funds, investment managers, insurance companies and multinational corporations.
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Hay poached from Standard Life to become Aegon CIO
UK – Wendy Hay, head of global equities at Edinburgh based Standard Life Investments has been poached by Aegon Asset Management UK to become its new chief investment officer (CIO) from October 1....
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ISMA launches web-based market data service
LUXEMBOURG – The Zurich based International Securities Market Association (ISMA) is launching a new market data service aimed at intermediaries, institutions, financial advisers and private investors....
