Advisers – Page 88
-
News
Ageing driving European life insurance – CEA
EUROPE – The European life insurance market’s growth to a record turnover is due in part to changing demographics, says European industry group the Comité Européen des Assurances.
-
News
ABN Amro’s Fernandes joins Citigroup
UK – Francis Fernandes, the former Lane Clark & Peacock partner who joined ABN Amro two years ago, has now quit to join Citigroup’s pensions advisory group in London.
-
News
CalSTRS, CalPERS build new manager database
US – US pension fund giants CalSTRS and CalPERS are putting together a database of emergent asset management companies in a bid to gain access to “untapped talent”.
-
News
Heissmann taps Hewitt’s Royers for Paris office
FRANCE – International consultant Buck Heissmann has recruited Joel Royers from rival Hewitt to head its new office in Paris.
-
News
ING IM providing ALM, asset allocation to schemes
EUROPE – ING Investment Management is performing asset liability modelling and asset allocations for European pension funds, says chief executive Angelien Kemna.
-
News
Barclays scheme puts €281m into emerging markets
UK – The Barclays UK Pension Fund has put £195m (€281m) into an emerging market debt mandate, according to BlueBay Asset Management.
-
News
IVG to offer schemes custom real estate vehicles
REAL ESTATE - Bonn-based IVG Immobilien is to target pension funds with bespoke vehicles invested in non-listed real estate – in addition to its growing portfolio of closed-end core, opportunistic and development funds (This story originally appeared on IPERealEstate.com).
-
News
Switzerland’s APK outlines switch to DC
SWITZERLAND – Aargauische Pensionskasse (APK), a CHF4.9bn (€3.1bn) pension fund for Swiss civil servants, plans to fully fund its liabilities by January 1 2008 following several reforms – notably a switch to defined contribution from defined benefit.
-
News
ABN Amro Mellon wins €115bn DEPFA brief
UK – State Street and the Bank of New York have lost out to ABN Amro Mellon in competition to win a €115bn custody and securities lending mandate awarded by the DEPFA Group headquartered in Dublin.
-
News
Munich Re’s MEAG rolls out new funds
GERMANY – MEAG, the asset management arm of German re-insurance giant Munich Re, has confirmed the rollout of four new “i-shares” - mutual funds targeted exclusively at institutional investors.
-
News
Cambridge council tenders pension fund custody
UK – Cambridge County Council has tendered a global custody mandate for its pension fund via consulting firm Thomas Murray.
-
News
UK’s Co-op seals €7.2bn pension fund merger
UK – The Co-operative Group has decided to shut its final salary scheme and merge its existing schemes into a single roughly £5bn (€7.2bn) career average salary fund.
-
News
Consultant Hymans names five new partners
UK – Pension consulting firm Hymans Robertson has appointed six new partners as of the start of this month – taking the total number of partners to 31.
-
News
Brewer InBev changes pensions admin (correct)
UK - The £295m (€420.6m) defined benefit pension fund of global brewer InBev has axed Paymaster as pensions administrator in favour of Watson Wyatt (corrected).
-
News
Cambridge hires ex-State Streeter for hedge funds
US – Consulting firm Cambridge Associates has former State Street’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group.
-
News
New pension risk blog set up
GLOBAL – A new online blog aimed at pension financial risk and fiduciary implications has been launched.
-
News
Ex-Mercer chief joins BT scheme as trustee
UK – The £35bn (€50.2bn) BT Pension Scheme has appointed former Mercer Human Resource Consulting chief executive David Barford and former Prudential Group finance director Les Cullen as trustees to the fund.
-
News
Pension Commission still getting mixed responses
UK – The ball’s in the government’s court now that the long-running saga of the Pensions Commission – it’s just released its third report – has come to an end.
-
News
Icelandic funds still eye foreign investment
ICELAND – Icelandic pension funds still have a lot of scope for investing outside the country, says the central bank.
-
News
Bosch outsources pension administration
GERMANY – Industrial group Robert Bosch has outsourced the administration of its German pension schemes, including its Anglo-Saxon style Pensionsfonds, to German consultant Heissmann in one of the biggest mandates of this kind ever.
