Advisers – Page 185
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Bacon & Woodrow bolsters DC team
UK – Consultant Bacon & Woodrow has made a slew of new appointments to its defined contribution (DC) pensions practice, as part of a restructuring plan of its employee benefits division...
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'Ericsson effect' drives Swedes abroad
SWEDEN – The ‘Ericsson effect’ is changing the attitudes of Swedish asset allocation, according to leading consultants. Ericsson's share price has plummeted from SEK930 (e103) last March to SEK85 this year.
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PIMCO strengthens Benelux position
Marc van Heel has been appointed senior vice president and director of business development for the Netherlands and Belgium at PIMCO. And other moves of note.
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Swedish supervisors want to boost activities
SWEDEN – Finansinspektion (FI), the Swedish financial supervisory authority, has asked for an increase of almost 25% into its annual budget in the next three years, after an annual review.
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Maguire to head SWIP global marketing push
** Maguire to head SWIP global marketing ** Fiach Maguire joins Scottish Widows Investment Partnership as director of global marketing....and all the rest of this weeks major people moves....
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DC risks need better explanation
US/UK - Regulators in the US and UK should be focusing their efforts on providing ‘efficient explanations’ of the risks associated with individual investment options under defined contribution (DC) pension plans, according to a report by David Harris, a senior consultant on insurance and financial services at Watson Wyatt....
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Part-timers may claim £17bn in back pensions
UK – The House of Lords has ruled that part-time employees in the UK can retrospectively claim pension benefits back to 1976 - although experts disagree on the amount the ruling will cost British employers...
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WM Company appoints new Dutch general manager
NETHERLANDS – Robert Rijlaarsdam has been appointed general manager of performance measurer WM Company’s Dutch office...
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Antonsson takes top spot at Telia fund
Peter Antonsson has been appointed to head the Farsta-based Telia pensionsstiftelse (pension fund) for the Swedish telecommunications company....and the rest of the weeks prominent people moves.....
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Proximus mobilises for new pension fund
BELGIUM - Proximus, the mobile phone subsidiary of Belgacom – the Belgian telecommunications group – is to create its own pension fund in the coming months, with projected annual inflows of e10m...
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Foreign investment in UK property doubles
UK – Overseas investment in British commercial property reached a record high in 2000, doubling the figure for 1999 at a total of £7.1bn, says a report by DTZ Research.
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Altius targets Scandinavia from new Danish office
DENMARK – UK-based private equity adviser and consultant Altius Associates has opened a representative office for the Nordic area in Denmark...
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J Walter Thompson Trustees drops Schroders
UK – J Walter Thompson Trustees has split its £50m pension fund into three separate specialist portfolios - following the closure of the fund, dropping Schroder Investment Management in the process...