Advisers – Page 166
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News
Hewitt opens retirement practice in Portugal
PORTUGAL- Consultant Hewitt Associates is establishing a new retirement and financial management department at its Portuguese office that will provide actuarial and employee benefit and investment services to Portuguese companies.
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News
Schroders names new head for Sweden and Finland
SWEDEN/FINLAND- Schroder Investment Management has appointed Johan Hamilton as country head for Sweden and Finland. Hamilton, who will be based in Stockholm, joins from Wassum Investment Consulting where he was a senior consultant advising pension funds, trusts, companies and local governments on investment strategy and manager selection.
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News
UK managers reluctant to drop soft commissions
UK – The Investment Management Association (IMA) and the National Association of Pension Funds (NAPF) have drawn up a pension fund disclosure code to be unveiled this week that will require fund managers to provide six-monthly reports on the way they invest UK pension scheme assets on stock markets.
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News
ING buys CSFB custody business in Russia
RUSSIA - ING Bank (Eurasia), Russia’s largest custodian bank, has acquired Credit Suisse First Boston’s custody business in Russia
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News
Multi-manager body to target continent for members
UK/EUROPE – The newly-formed Association for Institutional Multi-Manager Investing (AIMMI) hopes to expand its membership to include continental European players soon...
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News
Employers halve DB provision for expatriates
EUROPE/NORTH AMERICA – Defined benefit pension provision for expatriates from European and North American companies has nearly halved in the last 10 years and European firms are more likely to offer a defined contribution alternative...
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News
Government to decide who runs severance pay system
AUSTRIA - The Austrian government will announce this week details of the Abfertigung neu, the reformed severance payment system that will vastly expand Austria’s corporate pensions market.
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News
Portugal's FEFSS prepares to outsource e760m
PORTUGAL- Portugal’s state owned e3.8bn FEFSS fund is looking for a global custodian in preparation for its recent decision to outsource 20% of its e3.8bn portfolio to external managers. Henrique Cruz, a member of the fund’s board says they will select a global custodian by March to provide fund administration ...
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News
IG-BCE seeks consultant for ALM/manager selection
GERMANY – The newly-formed retirement provision company for the German chemicals industry is looking for an investment consultant to undertake an asset liability study and manager selection process for its new pension fund. A spokesman for IG-BCE says that it hopes to appoint a consultancy firm by the summer and ...
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News
Buck Heissmann Sarl and Penda merge
SWITZERLAND- Swiss Consultants Buck Heissmann Sarl and Pendia Associates have merged creating a company with roughly fifty employees. The new firm will take Pendia Associates’ name and will be based in both Nyon and Zurich.
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Features
Why primary and secondary funds of funds are still worth it
Over the past six years, private equity has experienced an aggressive growth, both in terms of capital under management and amount invested, and fund of funds with their specific techniques and particularities, especially pure primary and pure secondary funds, have demonstrated their various advantages. Even in such a tricky economic ...
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News
DB membership drops 2 million in past decade
UK – There are two million fewer people in defined benefit occupational pension schemes now than a decade ago, and only 200,000 of these are likely to be in a defined contribution plan instead, says the Trades Union Congress (TUC) after analysing statistics published by the government actuary’s department.
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News
Desrochers swaps BGI for Watson Wyatt in Paris
FRANCE- Simon Desrochers has returned to the consulting business after leaving BGI in Paris and joining Watson Wyatt as head of its benefits consulting team in France.
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News
Dresdner RCM registers umbrella funds in Ireland
IRELAND/LUXEMBOURG- Allianz Group’s Dresdner RCM Global Investors has announced the registration of two umbrella funds in Ireland. Dresdner’s Global Strategies Fund and the Global Distributor fund are both open-ended SICAV-registered investment companies providing institutional investors with access to twenty three equity, bond and cash funds.
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News
UK actuaries push for pensions simplification
UK – There can be no half measures in the government’s response to the need for radical pension simplification, says the Association of Consulting Actuaries (ACA) in its response to the Pickering pension simplification paper.
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News
Spezialfonds’ assets fall in 2001 to €507bn
Germany-The value of German Spezialfonds invested assets fell in 2001 by 1.4% to €506.9bn, their first fall in the 33-year long history...
