Advisers – Page 129
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News
NAPF Conference: consultants want governance
UK - The government should legislate for "a more appropriate governance structure" for pensions, says the president of the Society of Pensions Consultants.
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News
SG’s asset management arm posts E4.9bn inflow
FRANCE – Société Générale’s asset management arm had 4.9 billion euros in net new money in the first quarter of 2004.
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News
Mercer changes approach in Petroleum Fund report
NORWAY – Mercer Investment Consulting has not made qualitative comments in its latest annual report into Norway’s 845.3 billion-crown (97.9 billion-euro) Petroleum Fund.
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News
Channel Islands: BWCI partner Benjamin retires
CHANNEL ISLANDS - Rodney Benjamin, a partner of the Channel Islands-based actuaries and consultants association BWCI Group, has retired.
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News
Mercer says it's cooperating with US SEC
US – Mercer Investment Consulting is “fully cooperating” with the Securities and Exchange Commission’s investigation into the pay arrangements of pension fund consultants in the US.
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News
Waddingham to head UK actuaries’ association
UK – The Association of Consulting Actuaries has voted Adrian Waddingham, a founding partner of consulting firm Barnett Waddingham, as chairman.
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News
Sweden’s AP1 raises currency exposure to 20%
SWEDEN - The 139 billion-crown (15.2 billion-euro) Swedish buffer fund Första AP-fonden says it has raised the currency exposure in its strategic benchmark to 20%, from 15% previously.
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News
IPE-Quest: German fund tenders high-yield debt
GERMANY – A German consultant has tendered an initial 75 million euros in global high-yield debt for a German pension fund via IPE-Quest.
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News
Sainsbury scheme eyes currency overlay
UK – The head of the 2.7 billion-pound (four billion-euro) pension fund of retailer J Sainsbury says the fund is considering a currency overlay strategy.
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News
EFRP seeks role in European accounting standards
EUROPE - The European Federation for Retirement Provision has sought membership of the European Financial Reporting Advisory Group’s advisory forum.
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News
Allen & Overy names Burstow pension partner
UK – Law firm Allen & Overy has promoted pension specialist associate Dana Burstow to partner in its London office.
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Features
'Pay to play' charge hits consultants
Is the pension fund consulting business afflicted by conflicts of interest even more so than the analyst-investment banker incestuous relationship? The Securities and Exchange Commission (SEC) is looking for an answer to this disturbing question: that is why last December it opened a “fact-finding mission”, a broad examination of the ...
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News
Two Canadian funds tender E100m via IPE-Quest
CANADA - A Canadian investment consultant has tendered on behalf of two Canadian pension funds two mandates worth a total of 120 million US dollars (100.5 million euros).
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News
DeAM names new pensions head as Mössle leaves
GERMANY – Deutsche Asset Management has named Nikolaus Schmidt-Narischkin as the new head of corporate pensions following Klaus Mössle's departure for Fidelity Investments.
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News
Monarch taps Northern Trust for E90m
UK - Northern Trust is to manage a 60 million-pound (89.9 million-euro) manager-of-managers equities brief for the Monarch Airlines Ltd. Retirement Benefits Plan in the UK.
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News
UK acts to stop firms “dumping” liabilities
UK – The government has acted to deter companies from “dumping” their pension obligations onto the planned Pension Protection Fund with new clauses introduced into the pensions bill.
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News
LGIM wins E8.1bn in new institutional business
UK – Legal & General Investment Management won 5.4 billion pounds (8.1 billion euros) of new institutional business in the first quarter of 2004, a 93% increase on the same quarter a year ago.
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News
ECB’s own pension fund assets miss liabilities
EUROPE – The assets of the European Central Bank’s pension fund are less than its liabilities, according to the bank’s annual report for 2003.
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News
German pension fund tenders E60m via IPE-Quest
GERMANY- A German investment consultant has tendered a 60 million-euro segregated advisory mandate on behalf of a German pension fund via IPE-Quest.
