Advisers – Page 161
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News
Pickering report recommends new pensions act
UK– Alan Pickering has called on the government to draft a new pensions act to implement the changes he proposes in his report on simplifying pensions published today. Pickering says the new act should repeal or consolidate any existing private pensions legislation.
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Review proposes beefed up UK pensions regulator
UK- Alan Pickering’s report into simplification of the pensions industry has proposed a new beefed up pensions regulator to work alongside the Financial Services Authority.
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Pickering's 2004 target 'very ambitious'
UK- The logistics and complexity of introducing the recommendations in Alan Pickering’s report on simplifying the pensions industry have come under fire from some sectors of the industry.
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News
Watson Wyatt's Stockholm head leaves for Nordea
SWEDEN – Johan Sidenmark has left Watson Wyatt Worldwide’s Stockholm office nine months after joining the benefits and investment consultancy from rivals Mercer Human Resource Consulting.
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Half of UK workers unworried about pensions income
UK – Over half the UK’s working population in not worried about having sufficient retirement income, whilst 54% believe that their employer is responsible for ensuring adequate pension provision, according to research carried out by Hewitt Bacon & Woodrow.
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FTSE hire signals push into US pensions market
US – FTSE Americas, a division of London-based global index provider, FTSE Group, has appointed Carmen Campollo as vice president of pension and consultant relations to its New York office.
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News
Bosch launches new supplementary fund
GERMANY – Stuttgart-based household appliance manufacturer Robert Bosch has launched a new supplementary pension fund for its 102,000 domestic workers. The company is awaiting regulatory approval from the German federal financial services supervisory board, BAFin.
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News
Inco picks Rothschild for £20m specialist mandate
UK- The £60m European pension plan of Inco, the Canadian mining company, has appointed Rothschild Asset Management to manage its £20m specialist UK equity investment portfolio.
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UK to publish two pension review reports this week
UK– The government is this week publishing two reports containing plans to simplify the range of pensions available and to break down the barriers to saving. Both reports call on the government to reform the way pensions and savings products are sold so they can effectively be bought “off the ...
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News
Louisiana scheme issues e123m hedge fund RFP
US– The $6bn (€6.2bn) Louisiana State Employees’ Retirement Systems (LASERS) pension fund has issued a RFP for managers for hedge fund-of-funds portfolios worth $120m (€123.4m).
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Features
Spreading the load
The first tenders to be put out into the market by the NTMA were those to find the advisers that would help it in the mammoth task of implementing a suitable investment strategy, appointing the requisite investment managers, selecting an appropriate custodian and choosing the best transition manager to bring ...
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News
Jeffreys retires as S&P's head of European indices
UK/EUROPE– Peter Jeffreys is to retire from his position as managing director of Standard & Poor’s Index Services (Europe) at the end of this month. His replacement is expected to be announced shortly.
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News
PMI appoints three new board members
UK – The Pensions Management Institute (PMI), the London-based independent organisation that promotes professional standards in pension scheme management and consultancy, has appointed three new members, Philippa James, Philip Read and Robert Richardson, to its management board.
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Three institutions launch RFPs worth a total $190m
GLOBAL- A continental European insurance company is looking, via the electronic manager search system IPE-Quest.com, for a manager to oversee a $100m corporate Eurodollar debt mandate.
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News
Willis joins forces with ABN Amro and Alfred Berg
DENMARK- Benefit consultant Willis Denmark has signed an agreement with Alfred Berg and ABN Amro Asset Management in a move that gives its unit link clients access to tactical and strategic asset allocation. Willis says the agreement is designed to offer a more comprehensive and sophisticated product.
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News
Less than 40% of UK DB schemes remain open
UK- The predicament of generous final salary pensions may be worse than previously estimated according to new research that suggests fewer than four out of ten final salary schemes remain open to new members.
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News
Merrill Lynch IM adds to its global equities team
UK- Merrill Lynch Investment Managers has appointed Peter Abbott as a fund manager in its global equities team. Abbot joins next month from Newton Investment Management and will report to Ian Rowley, head of global equities.
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News
SRI continues to grow but remains a niche service
UK – Over 50% of UK based fund managers have perceived a growing interest from their pension fund clients in socially responsible investments (SRI), although trustees appear more concerned with protecting their reputations and avoiding criticism, according to the latest Deloitte & Touche SRI survey.
