Advisers – Page 141
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DB closures could have ageism implications
UK - Fears that UK employers who close final salary schemes could fall foul of the EU’s anti age discrimination directive have led to calls on the UK government for clarification.
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Buck Consultants change name in Mellon rebranding
UK – Buck Consultants has changed its named to Mellon, Human Resources & Investor Solutions.
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EAMA calls for managers to advise clients
FRANCE - The president of the European Asset Management Association (EAMA) says it is not just consultants who can advise clients.
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Hewitt forms alliance for German market
GERMANY – Consultant, Hewitt Associates, is strengthening its services in the German market.
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No change in investment strategy for UK employers
UK – UK employers are not planning on changing their investment strategy and are confident that they will ride out current pensions difficulties, according to research by Aon Consulting.
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UK to legislate on pension protection fund
UK – The UK government has said it will legislate to introduce a new statutory pension protection fund.
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PGGM names transport executive as new chairman
NETHERLANDS – PGGM, the 45 billion-euro Dutch healthcare and social work pension fund which just submitted a recovery plan to the regulator, has named a successor to chairman Dick de Beus.
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Russell/Mellon CAPS names Benelux sales head
UK/BENELUX – Russell/Mellon CAPS has bolstered its sales team as it expands into the Benelux region.
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Trustees, sponsors should work together - Hymans
UK – It’s time for trustees and companies to work together to find solutions – this is the message from actuarial consultant Hymans Robertson.
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Mercer's Tondreau joins Watson Wyatt
UK - Watson Wyatt has hired Jean-Francois Tondreau from Mercer Human Resource Consulting to be a senior international consultant in its benefits practice.
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Dutch resist pension change – central bank
NETHERLANDS – The Dutch central bank says the public is finding it hard to accept change to the pension system – and that is little awareness of future pension provision.
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Tyne & Wear tenders for investment consultant
UK – The two billion-pound (2.9 billion euro) Tyne and Wear pension fund has put out to tender a mandate for an investment consultant.
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UK’s USS opts for HSBC over State Street’s WM
UK – The 18 billion-pound (25.9 billion-euro) Universities Superannuation Scheme has chosen HSBC Global Fund Services to provide investment accounting and performance measurement.
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Ex-Mercer’s Dinham joins Investment Solutions
UK – Investment Solutions, which entered the UK multi-management market last week, has hired former Mercer investment consultant Richard Dinham.
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EAMA secretary general Michael Haag dies
EUROPE – The secretary general of the European Asset Management Association, Michael Haag, has died after a long illness.
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Unilever’s UK pensions head Lewin to retire
UK – Chris Lewin, head of UK pensions at Anglo-Dutch consumer products group Unilever, is to retire from January 1 2004.
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Dutch pension funds raise foreign equity holdings
NETHERLANDS – Dutch pension funds have increased their holdings in foreign equities by 22 billion euros over the first half of 2003.
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Mercer HR Consulting hires PWC’s Hill
UK – Mercer Human Resource Consulting has appointed Jeremy Hill as European principal and senior consultant.
