Advisers – Page 183
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UK LPI bond market has £100bn pensions potential
UK – The corporate limited price indexation (LPI) bond market in the UK has the potential to grow to around £100bn (e161bn) as pension funds seek investments to match their inflation-linked liabilities, according to consultant Watson Wyatt....
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Fidelity takes advisor path to German institutions
GERMANY – Fidelity Investment Services is to beef up its institutional investment presence in Germany and Austria by growing its advisory business through its Frankfurt office, according to recently appointed director of institutional business, Olaf John....
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Clerical Medical gets £100m Isle of Man leg up
UK – The Isle of Man Treasury has appointed Clerical Medical Investment, part of the Halifax Group, to manage a £100m (e160m) active balanced mandate...
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Russell bags £13m Mayborn multi-manager brief
UK – The £13m (e21m) retirement benefits plan of baby and household products manufacturer Mayborn Group has appointed Frank Russell Company to manage its entire pension fund through the group’s multi-manager platform....
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Olaf John joins Fidelity as institutional director
GERMANY/UK - Olaf John, the former director of European institutional business at Barclays Global Investors (BGI) has returned to Frankfurt to join Fidelity Investment Services as director of institutional business...
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McAlpine fund builds with Blackrock and Attica
UK – The £240m (e384m) Chester based pension plan of construction firm Alfred McAlpine has appointed multi-manager Attica Asset Management to manage £15m in Japan and Far East ex-Japan portfolios. Edinburgh based Blackrock also scooped £20m in a pan-European equity mandate as part of the scheme’s investment review.
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Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
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Zurich Scudder appoints new European strategy head
Colin Robertson has been appointed as European head of global strategy at Zurich Scudder Investments...
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Heads of Denmark's two largest funds to step down
DENMARK - Bent Nyløkke Jørgensen, administrative director at Denmark’s second largest pension scheme the Dkr60bn (e8bn) PKA fund for public, social and health workers, has announced that he wants to step down by the end of the year after 19 years with the group.
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French companies shift to long-term savings plans
FRANCE – Almost a third of French employers are currently considering the adoption of long-term employee savings plans under new regulation passed in February...
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One in six UK firms have no plan for stakeholder
UK – One in six British small and medium sized enterprises (SMEs) say they are unsure or have no intention of offering their staff access to a stakeholder pension scheme, despite the possibility of being fined up to £50,000 (e80,000)...
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VB predicts industry scheme flight to passive
NETHERLANDS – Dutch pension funds may be forced to adopt increasingly passive investment strategies or conversely take undue investment risks if the five-year period of performance testing for the Z-score is not extended....
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SEI gets £50m Man B&W Diesel injection
UK – Manager of managers firm SEI Investments has picked up its third UK mandate win with an appointment from the pension fund of MAN B&W Diesel to manage a potentially £50m (e81m) plus multi-manager portfolio....
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Allianz/Dresdner could create e1trn asset manager
GERMANY - The proposed merger between Allianz, Germany’s largest insurance company and Dresdner Bank, could create an investment management powerhouse with almost e1trn in assets under management, according to sources close to the deal....
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Tesco bucks trend to offer DB plan to part-timers
UK – Supermarket chain Tesco is to offer a defined benefit (DB) pension plan to its part-time and temporary staff from April 6...
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Boonstra appointed to ABN-AMRO supervisory board
NETHERLANDS – Cor Boonstra has been appointed to the supervisory board of Dutch financial services group ABN-AMRO, with effect from May 10, 2001.... And all the rest of this week's major people moves....
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JP Morgan recruits Mercer institutional specialist
UK – JP Morgan Investor Services has appointed former Mercer institutional specialist, Richard Dinham, as an investment consultant, in a bid to boost the group’s Europe, Middle East and Africa performance, analytics and consulting division...
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Watsons poaches Mercer employee benefits head
SPAIN – Consultant Watson Wyatt has poached Begoña Benito from rival William M. Mercer to head up its Spanish employee benefits practice....
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Skandia elects new members to the board
SWEDEN – Skandia Insurance has elected three new directors to the board at its annual general meeting (AGM), Oonagh McDonald, Clas Reuterskiöld and Günter Rexrodt...