Advisers – Page 182
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Mercer retains consultancy brief of £20bn USS fund
UK – Consultant William M. Mercer has beaten off competition from Watson Wyatt and Hymans Robertson to retain the mandate for actuarial and investment consultancy to the Liverpool based £20bn (e32bn) Universities Superannuation Scheme (USS)...
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Global pension assets could rise to $18trn by 2005
Global pension assets, which at the end of 2000 represented more than $12.2trn (e13.4trn) are forecast to grow to more than $18trn by 2005, according to figures from research corporation InterSec....
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Few Europeans in US international mandate awards
US/EUROPE – Only two of the top ten managers in international cross-border mandate wins from US tax-exempt pension plans last year were European, with both houses UK based, according to Deutsche Bank owned research group InterSec....
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Finnish actuarial consultant expands services
FINLAND – Helsinki based actuarial consultancy and pension scheme administrator, Pensionservice (EPS) is to undergo a radical re-structuring to expand its services from May 1….
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Baillie Gifford reopens for UK segregated business
UK - Edinburgh-based asset manager Baillie Gifford (BG) will reopen its doors to segregated mandates from UK clients as of next month, having refused new business since November last year....
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Europe should beware US patents says ISMA
EUROPE - European banks and securities houses may have to prepare for a more widespread, US-style, application of patent rights in the financial sector, according to a report by the Zurich based International Securities Market Association (ISMA)....
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Swedes fear pensions loss on retirement
SWEDEN – Almost one third (32%) of Swedish pension savers think that they are going to get only half, or even less, of their premium (PPM) and state pensions when they retire, according to a study by Stockholm based Sifo Research & Consulting....
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Mercer climbs aboard at £15m National Express fund
UK – Bus, train and coach company, National Express Group, has appointed William M. Mercer as actuarial and benefits consultant to its £15m (e24m) pension plan....
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Giant Swiss fund goes passive for SFr1.5bn
SWITZERLAND - The SFr20bn (e13.1bn) Geneva-based Swiss Social Security fund AHV-Fonds has appointed two new asset managers for passive global equity mandates totalling SFr. 1.5bn, in the first tactical switch following changes in Swiss law earlier this year…
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UK must examine tax rules under EC communication
EUROPE – Last week’s tax communication on cross-border pension provision by the European Commission (EC) has been welcomed by consultant PricewaterhouseCoopers (PWC), although the adviser warns that the UK government will have to come up with a response to the EC over its own tax treatment on contributions made to ...
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Thornton takes top European slot at Watson Wyatt
EUROPE - Paul Thornton is to become the new senior partner at consultant Watson Wyatt Partners, the European arm of Watson Wyatt Worldwide, following the retirement of Bob Masding on April 30….
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UK pension fund pursues private equity strategy
UK – The London Borough of Newham is looking to appoint a private equity manager to invest between £5-15m (e8-24m) in a private equity fund of funds mandate....
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SFr10bn fund elects president to begin outsourcing
SWITZERLAND - The newly created SFr10bn (e6.5bn) pension foundation for the Swiss post office has elected Jurg Puchar as president of the board, in advance of a full board announcement and details of investment outsourcing expected in mid-May....
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European property figures hold up strongly
SWEDEN/IRELAND – Swedish property returns rose strongly in 2000, while Irish property assets retained their strong performance levels, according to figures published by the London based property index provider, Investment Property Databank….
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European pension fund awards ceremony announced
EUROPE - Investment & Pensions Europe Magazine (IPE) – parent magazine to IPE-Newsline.com, has announced the first awards ceremony specifically for Europe’s pension funds, with the aim of setting an industry benchmark for excellence in scheme management....
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Sector funds pool DKr1.5bn with T. Rowe Price
DENMARK – Three sector-wide Danish pension funds have pooled assets and appointed US investment manager T. Rowe Price to run a DKr1.5bn (e201m) global high-yield bond brief....
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Delays expected on European pensions directive
EUROPE – The European directive on supplementary pensions may not be ratified by the Parliament until the end of the summer, following a delay in the adoption of the Karas report in the European Monetary Affairs Committee (EMAC)....
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DC benefits may 'unpleasantly surprise' members
UK – Contributions to defined contribution (DC) plans are inadequate to provide acceptable income levels in retirement, according to a survey by consultants William M Mercer....
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Aberdeen buys Swedish property outfit Celexa
UK/SWEDEN – Swedish pension insurance company Alecta (formerly SPP) is selling its property management firm, Celexa Group, to Aberdeen Asset Management....
