All articles by Robert Fuller – Page 3
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News
Clients pay five times estimated transition costs
UK – The gap between cost estimates and delivered performance in the growing portfolio transition management business can lead to clients paying up to five time the original cost estimate of the transition, according to a study by Frank Russell....
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News
Stakeholder boosts private pension take up by 250%
UK – The take-up of private pensions in the UK has gone up by almost 250% since the government launched the stakeholder pension scheme initiative in April, according to Virgin Direct....
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Skinner to head Gartmore fixed-income team
UK – Gartmore Investment Management has appointed Paul Skinner as head of fixed income business development....
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Citibank in Ukraine securities services tie-up
UKRAINE – Citibank Worldwide Securities Services (CWSS) has expanded its presence in Eastern Europe with the appointment of ING Bank Ukraine as its agent bank in Ukraine....
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News
Aon expands UK defined contribution team
UK – Aon Consulting has expanded its defined contribution team in its pensions administration practice with the appointment of Susan Flynn as UK operations manager and Lee Swindlehurst as an operations manager at Aon’s Farnborough office....
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Features
Nowhere to hide
The recent terrorist attack and ensuing tragedy in New York have caused further deterioration of an already depressed equity market in Europe. “We are now certain that there will be a recession in the US which will have a direct knock-on effect on Eurozone markets,” says Peter Nethe, a strategist ...
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Features
Italian funds on manager trail
Fondo Pensione Complementare per la Famiglia (Fondo Famiglia), the Italian housewives’ and part time workers’ pension fund, which could potentially include as many as 15m members, has drawn up a shortlist of 12 asset management firms to take care of the fund’s assets. The successful companies will be revealed next ...
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Features
Risk control to dominate
The fall-out from the attacks on New York and elsewhere have opened the debate about asset allocation and whether long term changes need to be made to investment strategies. Gordon Sharp, director of investment consulting at KPMG Pensions in London, says that there hasn’t been any radical change in the ...
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News
Russian pension reforms may flounder
RUSSIA – Pension assets in Russia will serve merely as a means of directly financing the federal budget deficit, warns Mikhail Dmitriev, scholar in residence at the Carnegie Moscow Centre and co-chair of the Post-Soviet Economies in Transition project, in an interview to the Rossiyskaya Gazeta, Russia’s official daily state ...
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News
ABN AMRO Mellon gets £2.7bn Marconi fund custody
UK – ABN AMRO Mellon (AAM) has won a £2.7bn (€4.3bn) global custody and investment accounting mandate from Stanhope Pension Trust, the investment management arm of telecommunications giant, Marconi’s UK pension fund....
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Zurich selects new Northern Europe business head
SWITZERLAND – Zurich Financial Services (Zurich) has appointed Axel Lehmann to head up its Northern European business operations....
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Pension fund property exposure up in Q2
UK – Insurance companies and pension funds increased their exposure to commercial property in the second quarter of this year, according to DTZ Research reporting on data published by National Statistics (NS), the UK’s official government statistical research body....
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News
Clariden sells sector funds in Germany/Luxembourg
GERMANY/LUXEMBOURG/SWITZERLAND – Zurich based Claritin Bank is to launch a range of eight SICAV global equity sector funds in Germany and Luxembourg in October....
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News
Helsinki stock exchange signs up with Euronext
EUROPE – Pan-European stock exchange, Euronext, has signed a cross membership agreement with Hex, the Helsinki exchange, designed to allow members from both exchanges to develop mutual trading activities....
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News
Singer & Friedlander lands £135m equity mandate
UK – Singer & Friedlander Investment Management (SFIM) has won a mandate to run the £135m (€216m) continental European equity mandate portion of J Rothschild Assurance UK (JRA) Life and Pension Funds, part of the St James’s Place Group....
