Advisers – Page 69
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Special Report
Skilled delegates the way to ensure democracy
Paid pension fund staff clearly need thorough training in the business area relevant to their role. But the decision-making process at a fund involves many others. In Denmark, more pension funds are taking a serious look at the skills of their delegates elected by members, says Claus Skadhauge, head of ...
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Features
Call for think tanks to help benefit systems
Nobel prize winner James Heckman calls for European think tanks to help tackle the issues facing welfare states and their pension systems. Speaking to IPE at the sidelines of the recent European Colloquia in Prague, organised by Pioneer Investments, Heckman said in order to provide pensions to their ageing populations, ...
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News
Germany’s NAEV ups real estate exposure
REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of real estate.
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News
EU pension scheme looking for actuary
EUROPE – The European Court of Auditors is looking for an actuary for the annual calculation of liabilities of the unfunded scheme for EU civil servants (PSEO).
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News
New Nestlé pension arm takes over
EUROPE – The newly created Nestlé Capital Management (NCM) is to take over from Nestlé UK Pension Trust Ltd or Fonds de Pensions Complementaire Nestlé as investment manager for the company’s in-house Robusta funds.
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News
Dismay at €1bn UK pension protection levy
UK – The Pension Protection Fund’s announcement that it plans to levy an estimated £675m (€1bn) on pension funds in 2007/8 – more than double the previous levy – has been met with dismay by commentators.
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News
Hewitt opens Cyprus office
CYPRUS - Hewitt Associates says it has opened a new office in Nicosia, headed by consultant Philippos Mannaris.
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News
Dutch MPs approve FTK parameters
NETHERLANDS – The Dutch parliament has approved the parameters of the new financial assessment framework for pension funds, or FTK, as proposed by Social Affairs minister Aart Jan de Geus.
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News
Dutch Maxeda scheme eyes transfer to industry fund
NETHERLANDS – The corporate pension fund of retailer Maxeda will transfer to the €4.6bn industry wide pension fund for the retail industry (BPFD), the firm has confirmed today.
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News
IBM names UK pensions trustee board member
UK – Computer giant IBM has appointed its European corporate treasurer Jean-Louis de Gandt to replace David Hershberg on the trustee board at the £4.9bn (€7.2bn) IBM UK Pensions Trust Ltd.
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News
European institutions ‘uneasy’ about bond trading
EUROPE – European institutions are becoming uneasy about developments in the fixed-income market – fearing hedge funds are taking too much of dealers’ attention, according to Greenwich Associates.
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News
Swiss banking watchdog rejects pensions role
SWITZERLAND – Eugen Haltiner, president of Switzerland’s banking watchdog (EBK), has rejected the notion that regulation of Swiss pension funds (Pensionskassen) would be improved if it were immediately handed over by the EBK.
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News
MN Services names commercial director
NETHERLANDS – AXA’s Pieter Kiveron is returning to Dutch pension servicing company MN Services as commercial director, it was announced today.
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News
Hewitt Associates’ information chief leaves
GLOBAL – Hewitt Associates’ chief information officer Perry Cliburn has left the company to join information services and human resources outsourcing firm Ceridian Corp.
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News
Denmark tops European pensions rankings - Aon
EUROPE – Denmark tops Aon Consulting’s new ‘European Pensions Barometer’ – with accession countries Estonia and Latvia also making the top four.
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News
Consulting firm Blacket goes into liquidation
UK – Blacket Research, the firm set up to evaluate trustee decisions and investment consultants’ advice to pension funds, has gone into liquidation after heavy losses.
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News
New chief executive at Shell Pensions Bureau
NETHERLANDS - Margreet de Nie-Sarink has been named as managing director of Shell Pensions Bureau Netherlands, the organisation has announced.
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News
UBS, Aberdeen under review in Waltham revamp
UK – The £430m (€641m) London Borough of Waltham Forest pension fund is completely overhauling its investment strategy in a move from multi-asset to specialist managers.
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News
Ex-Unilever pensions head Lewin to help DWP
UK – The Department for Work and Pensions has appointed former Unilever UK head of pensions Chris Lewin to help it cut red tape.
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News
Unilever taps Kottmann for hedge fund advice
UK – Unilever has appointed Kottmann Advisory as external consultant to advise its pension fund on hedge fund-of-fund investments, in a move to launch a pooled investment fund in January.
