Advisers – Page 116
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News
Dutch actuaries want opinions made public
NETHERLANDS – Actuaries’ opinions on the financial health of pension funds and insurance companies should be made available to policyholders and pension participants, the Dutch Actuarial Association has said.
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News
Economic forum calls for pension governance
GLOBAL - The World Economic Forum, the group that organises the annual Davos meeting of political and business leaders, has called for an international set of pension governance principles.
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News
Two Dutch schemes back real estate fund Altera
NETHERLANDS – Physiotherapists’ fund SPF and the pension fund of Cindu International in the Netherlands have invested E22m in Altera Vastgoed, the E1bn private real estate fund has said.
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News
Pickering becomes trustee at educational charity
UK – Alan Pickering, former chairman of the European Federation for Retirement Provision, has been invited to join the board of trustees of educational charity Pre-retirement Association.
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News
MN Services’ real estate head Stouthamer quits
NETHERLANDS – Erwin Stouthamer, head of international real estate at asset liability manager MN Services has left the company, it emerged today.
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News
UK councils tender bonds, equities and property
UK - Northamptonshire, Essex and North Yorkshire County Councils have put out requests for tenders for equity, bond and real estate portfolios worth a total of more than £500m (€715.5m).
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News
Towers Perrin's Garcia joins T. Rowe Price
UK – Asset manager T. Rowe Price says it has hired Philip Garcia, head of UK investment consulting at Towers Perrin.
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News
IPE-QUEST: Dutch fund tenders high-yield debt
NETHERLANDS – A Dutch pension fund has started a search for a manager for a €150m pan-European high yield debt mandate via IPE–Quest.
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News
Switzerland’s Nussbaum fears for 3-pillar system
SWITZERLAND – Werner Nussbaum, one of the architects of the Swiss second pillar pension system, says he has fears about the “destruction” of the three-pillar concept.
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News
Italy’s Priamo opts for domestic asset managers
ITALY – The Italian pension fund for public transport workers, Fondo Pensione Priamo, has chosen its asset managers – all of whom are Italian.
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News
KAS Bank says it’s now more European
NETHERLANDS – KAS Bank, the Dutch securities services bank, said 2004 had been a “good year”, reporting a “considerable” number of new clients – and that it has transformed itself into a “European” player.
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News
BBC refuses comment on DeAM report
UK -- The BBC’s £6bn (€8.7bn) pension scheme has declined comment on a report that it has dumped Deutsche Asset Management (DeAM) in the UK due to poor performance.
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News
Poll finds pensions pose M&A threat
UK -- Almost half of the chief financial officers (CFOs) of leading companies in the UK say that the pension liabilities of companies they are considering buying or merging with are serious obstacles.
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News
Ryan ALM offers daily liability monitoring
GLOBAL – Ryan ALM has unveiled a web-based system that monitors pension asset/liability risk on a daily basis.
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Features
Swiss MM starts to motor
One particular feature of the Swiss pension fund market has been a big driver in the development of multi-manager investment. “Swiss pension funds have been in the vanguard when it comes to hedge fund investment, with some very substantial allocations. And hedge fund investment almost always uses the MM approach”, ...
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News
Boal defection delivers further BIAM blow
IRELAND – The departure of Bank of Ireland Asset Management UK head David Boal to join five previous defectors to Perpetual Trustees has prompted speculation about its future path.
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News
Vodafone pensions chief joins Towers Perrin
UK - Paul Kelly, who heads up the £2.5bn (E3.6bn) pension fund at Vodafone, is leaving the telecommunications giant to join global human resources consultancy Towers Perrin.
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News
UK says schemes need to do more on Myners
UK – The UK government says it has reviewed the take-up of the Myners principles on institutional investment and found that “further action is needed” for pension schemes - in particular on trustee training and decision making.
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News
NAPF names new chairman to succeed Faulkner
UK – Pinsents lawyer Robin Ellison has been named as the new chairman of the National Association of Pension Funds, taking over from Terry Faulkner.
