Advisers – Page 72
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News
Belgian firms facing DC “nightmare”
BELGIUM – Belgian companies operating defined contribution (DC) schemes could soon face a financial and human resources “nightmare” in managing their ageing workforces, pension consultants say.
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News
Half of Dutch funds mull fiduciary move - KPMG
NETHERLANDS – Almost half of Dutch pension funds are considering transferring their investment management to fiduciary managers, a study by accounting firm KMPG has found.
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News
Management accountants warn on LDI risk
UK – The Chartered Institute of Management Accountants has warned that adopting a Liability Driven Investing strategy could mean missing out on excess return.
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News
Ex-Hermes deputy CEO Metcalfe joins First State
UK - Charlie Metcalfe, the former deputy chief executive at Hermes Pensions management, has been named as CEO of First State Investments.
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News
Bank of NY looking for European pensions head
EUROPE – The Bank of New York is looking to appointment someone to be responsible for its entire European pensions business, managing director Robert Darmanin said today.
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News
PWC names global investment management head
GLOBAL – PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group.
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News
UK's €5bn Pensions Trust names new CEO
UK - The Pensions Trust, the £3.6bn (€5.3bn) multi-employer occupational pension funds for the charity sector, has named Stephen Nichols to take over from retiring chief executive Richard Stroud.
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News
British Waterways selects Barnett Waddingham
UK – The British Waterways Pension Fund has moved its actuarial and pension consultancy brief to Barnett Waddingham.
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News
Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks.
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News
Lane Clark & Peacock’s parent profit slumps
UK – Alexander Forbes, the parent company of actuaries Lane Clark & Peacock, has reported a 17% decline in first-half pre-tax profits.
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News
Watson hires two for UK investment strategy team
UK - Watson Wyatt has made two new hires, from ABN Amro and the London Business School, for its investment strategy team.
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News
Compendeon launches fiduciary service
NETHERLANDS – Dutch pension schemes can now join the cooperative “Pension Cooperation” launched by investment manager Compendeon to ease the individual scheme’s administrative and management burden.
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News
Accountants urge trustee caution with hedge funds
UK – The head of the Institute of Chartered Accountants in England and Wales has advised pension fund trustees to “proceed with caution” when it comes to investing in hedge funds.
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News
S&P says pensions a risk for European banks
EUROPE – Standard & Poor’s says pension obligations still pose significant risk for some western European banks.
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News
Hewitt posts $115.9m loss for 2006
GLOBAL – Hewitt Associates, which replaced its chief executive in September, has reported a net loss of $115.9m (€90.1m) for the 2006 fiscal year – compared to a profit of $134.7m the year before.
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Special Report
Traditional researchers join in
Thanks to regulations, climate change, carbon emissions and supply chain issues, brokers are more proactive in gathering SRI intelligence, says Lynn Strongin Dodds
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News
“Reactionary” Pickering remarks under attack
UK – Alan Pickering, the former chairman of the European Federation for Retirement Provision and the National Association of Pension Funds, has come under attack from a pensioner group for “reactionary” comments about auto-enrolment.
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News
Aegon acquires Polish pensions provider
POLAND - Aegon has agreed to acquire MunichRe’s Polish pensions subsidiary Ergo Hestia for an undisclosed sum.
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News
German MPs OK Rürup changes
GERMANY – The finance committee for Germany’s lower house of parliament (Bundestag), has approved changes to the Rürup-Rente, a private pension for the self-employed, in a bid to boost its attractiveness.
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News
Insider pension trustees act for sponsor – study
UK – A new academic study has presented evidence that company-appointed pension fund trustees act in the interests of the sponsoring company and not scheme members.
