All IPE articles in September 2001 (Online) – Page 3
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News
UK examines pensions transfer rights issue
UK – The government has issued a consultation paper on reform of the Transfer of Undertakings (Protection of Employment) regulations act of 1981 (TUPE), which considers the treatment of occupational pension fund transfers.....
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Gissings introduces DB/DC trustee courses
UK – Employee benefits company, Gissings, has added two new trustee courses to its roster of training programmes....
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Swiss banks launch 'transparent' hedge product
SWITZERLAND - Bank Hofmann and saisGroup of Zug are targeting a rising demand for alternative investments with the launching of a fully transparent hedge product with daily valuation and trading at Net Asset Value (NAV)....
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Half of Europe's schemes hit by US tragedy
Almost 50% of European pensions funds say they have experienced a notable impact on their fund assets in the light of the terrorist attacks in the US last week and the subsequent fallout of global markets, according to a survey by IPE-Newsline...
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Mercer scores investment brief at rugby union fund
UK - William M. Mercer has been appointed as actuarial, administration and investment consultant for the £3 million Rugby Football Union defined benefit pension plan....
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Russell wins e80m Dutch pension fund mandate
NETHERLANDS – The pension fund of international Dutch operating industrial and technology company, Stork, has appointed Frank Russell Company to manage an approximate €80m world-wide equity mandate for its €1.5bn pension fund....
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Morley develops core/satellite hedge approach
UK – Morley Fund Management is to implement a new core, long overlay and active satellite approach in its management of the £57bn (€90bn) Norwich Union with profits insurance funds....
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Lasalle bolsters European investment teams
FRANCE/GERMANY – Lasalle Investment Management has strengthened its European investment team with top-level appointments in its French and German offices....
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SEB launches Luxembourg venture fund of funds
SWEDEN – Swedish investment bank SEB has launched a Luxembourg-based private equity fund of funds for institutional and private investors with the assets invested in a globally diversified portfolio of private equity funds.
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FöreningsSparbanken and SEB scrap merger plans
SWEDEN – Swedish banks FöreningsSparbanken and SEB have scrapped merger plans following intervention by the European Commission’s (EC) competition authority, citing a lack in value for the merger under EC conditions for the fusion....
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New e4bn German pension scheme out to tender
GERMANY – The German metal and electronics industry representative bodies have invited investment managers to tender for the assets of a new €4bn retirement savings scheme, which could potentially have a membership of around four million workers.....
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UK government reveals MFR abolition plans
UK – The protection of pension schemes members is paramount, says social security minister, Alistair Darling, who today publishes the government’s proposals for the next stage of plans to replace the minimum funding requirement (MFR).
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Dutch funds raise foreign assets by 7% this year
NETHERLANDS – Dutch pension funds increased their overseas investment exposure by 7% in the first six months of this year to take their total overseas investment to 67% of portfolios, according to figures from the Dutch Ministry of Economic Affairs....
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Investment banks rally after US disaster
US SPECIAL - Investment banking groups, many of whom had offices within the World Trade Centre in New York, have released statements of sympathy to the relatives of colleagues still missing in the aftermath of yesterday’s horrific terrorist attack, as well as updates on the well being of their employees.....
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FTSE4Good in first index rebalancing
GLOBAL – FTSE has carried out the first review of its fledgling SRI index FTSE4Good, deleting four firms from the FTSE4Good Global 100 index, including Germany’s Hypo Vereinsbank and Compaq Computers of the US.
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News
Internet pension solutions may be costly mistakes
Major electronic human resources (HR) investments and internet-based pensions solutions could become costly mistakes for firms without the in-house technical know-how to assess fully their benefits and drawbacks, according to consultants Watson Wyatt....
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EU equality directive big issue for pension funds
EUROPE – Discrimination on the grounds of age and sexual orientation is set to become the next big issue for pension funds in Europe, according to UK consultancy firm, William M Mercer.
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News
Swedish funds appoint Carlson to global portfolios
SWEDEN – The Swedish county council (Landstinget) of Västmanland has appointed Skandia-owned Carlson Investment Management to a global balanced mandate representing around SEK 50m (e5.2m) in assets.....
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News
JP Morgan lands £4.2bn Prudential fund custody
UK – JP Morgan Investor Services Europe, Middle East and Africa (EMEA) has been appointed as global custodian to the £4.2bn (€6.7bn) Prudential Staff Pension Scheme (PSPS)....
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News
ABN Amro resumes Luxembourg fund trading
NETHERLANDS – ABN Amro is to resume the issuance and redemption of shares of a number of its Amsterdam and Luxembourg listed funds in line with the reopening today of the New York stock exchange....
