All articles by Barbara Ottawa – Page 120
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News
UK Mineworkers' fund names trustee director
UK – The £10.5bn (€15.6bn) Mineworkers’ Pension Scheme has appointed Vivien Cockerill, pensions partner of law firm Wragge & Co., as a trustee director.
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News
USS seeks to strengthen UK equities team
UK – The £26bn (€38.5bn) Universities Superannuation Scheme is looking for a UK smaller companies portfolio manager to strengthen its UK equities team.
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News
Suffolk in search for currency overlay manager
UK – The £1.2bn (€1.8bn) Suffolk County Council Pension Fund is looking to award a £403m currency overlay mandate for its overseas currency exposure.
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News
John Lewis awards Japan equities to JP Morgan
UK – The £1.7bn (€2.5bn) John Lewis Partnership pension fund has awarded JP Morgan Asset Management a £50m Japanese active equities mandate.
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News
Hewitt launches pension consultancy in Hungary
HUNGARY – Hewitt Associates is strengthening its office in Budapest with two new businesses, namely a European pensions actuarial services team and a pensions and benefit finance consulting unit.
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News
FRR executive board chairman Mayer dies
FRANCE – Francis Mayer, chairman of the executive board at the €29bn Fonds de Réserve Pour les Retraites and chief executive of the Caisse des Dépôts, the French civil servants’ fund, has died aged 56.
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News
Four AP funds award combined SRI brief
SWEDEN – A joint socially responsible investing tender from four Swedish buffer funds (AP1, AP2, AP3 and AP4), with assets in excess of €80bn, has been awarded to GES Investment Services.
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News
Another consultant to leave Complementa
SWITZERLAND – Erich Züger, investment controller at Swiss pension consultant Complementa Investment-Controlling, will leave the company in January.
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News
IBM helped to steal pension money, Russia says
RUSSIA – Special investigation teams have raided the offices of IBM, the Russian Pension Fund and two Russian computer companies in connection with allegations of embezzlement of pension money.
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News
Consultants, clients concerned over BoNY-Mellon
GLOBAL – The merger announced this week by custody providers Bank of New York and Mellon Financial Corp. has been greeted with concern by consultants, pension fund clients and industry insiders.
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Amicus sees DB/DC template for Bank of Ireland
IRELAND – A deal on the creation of a hybrid DB/DC at the Irish Life & Permanent TSB bank might be a model for resolving the Bank of Ireland dispute, the union Amicus says.
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News
Generali, Wüstenrot win Austrian pension tenders
AUSTRIA – The Austrian insurance companies Generali and Wüstenrot have both won tenders for providing company pensions in Vienna.
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Norway Global fund excludes cluster bomb maker
NORWAY – The NOK1.7trn (€209bn) Norwegian Government Pension Fund – Global has excluded the South Korean Poongsan Corporation from its investment portfolio for producing cluster bombs.
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News
Scottish MPs want to curb tobacco investment
UK – A group of members of the Scottish parliament want to stop their pension fund investing in tobacco companies.
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News
Societe Generale under review at Kent CC
UK – The £2.4bn (€3.6bn) Kent County Council Superannuation Scheme is tendering a £350m UK equities mandate currently held by Societe Generale Asset Management.
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News
North Yorkshire tenders for financial advisor
UK – The £1.2bn (€1.8bn) North Yorkshire County Council pension fund is looking for an independent financial advisor as current advisor Philip Williams’ contract is running out.
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News
Barings wins €126m Mitsui Babcock brief
UK – The energy company Mitsui Babcock Ltd. has awarded Baring Asset Management an £86m (€126m) segregated multi-asset diversified growth mandate.
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News
Allianz unveils pan-European pension product
EUROPE – The German insurance company Allianz has revealed details of its pan-European pension product “European CompPension”.
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News
Chelsea & Kensington invest in private equity
UK – The £379m (€561m) Royal Borough of Kensington and Chelsea pension fund has started investments into private equity.
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Features
To fund or not to fund?
From 2009 a new statute will bring with it a joint pension scheme for all members of the European parliament. Against the wishes of the members it will be non-contributory and maybe unfunded, Barbara Ottawa reports
