All articles by Carolyn Bandel – Page 15
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News
Contract-based DC least likely to assess risks
[17:10 CEST 16-09] UK – Contract-based pension plans are the least likely to carry out a risk assessment despite previous warnings from the regulator, consultancy firm Watson Wyatt has found.
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EC cautious on IASB moves
[16:10 CEST 16-09] EUROPE – The European Commission (EC) has stated it expects the International Accountancy Standards Board (IASB) to proceed with extreme caution in the implementation of improvements to IAS19 accounting standards planned for 2011.
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BlackRock will stay independent
[16:05 CEST 16-09] GLOBAL – BlackRock, the asset manager half-owned by US investment bank Merrill Lynch, today said it will remain independent even after retail house Bank of America (BoA) has picked up its 50% stake in the operation through its proposed acquisition of Merrill.
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AMF Pension seeks new investment head
[16:30 CEST 15-09] SWEDEN – AMF Pension is looking for a new chief investment officer following Sarah McPhee appointment as the new chief executive of Nordic pension provider SPP.
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Charity Pensions Trust goes down buyout route
[15:45 CEST 15-09] UK – The £3.9bn (€4.9bn) Pensions Trust has tapped UK buyout company Paternoster to secure £225m worth of pension assets of its occupational Growth Plan pension scheme.
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Barclays fund taps CIO to boost performance
[15:00 CEST 15-09] UK – The £18bn (€22.7bn) UK retirement fund of retail bank Barclays has appointed ex-F&C man Tony Broccardo as its first chief investment officer (CIO), in a bid to create “a world-class pension scheme”.
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NewsDNB wades into the IFRS pensions campaign
[17:05 CEST 12-09] NETHERLANDS – De Nederlandse Bank (DNB), the Dutch central bank and pensions regulator, has confirmed it is contributing to Dutch efforts to limit the impact proposed changes to the international accounting standards rules could have on the Dutch pension system.
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NewsWatson Wyatt warns of Belgian pension crisis
[16:55 CEST 12-09] BELGIUM – Belgian employers over-estimate the benefits they provide to their employees so failure to take appropriate measures could result in a pension crisis, consultancy firm Watson Wyatt warned today.
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NewsLugano fund sacks president
[16:50 CEST 12-09] SWITZERLAND – The Pension fund for employees of the City of Lugano (CPCL) has sacked Giuliano 'Nano' Bignasca as president of its executive board.
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News
Dutch funds intensify Brussels lobby efforts
[14:45 CEST 12-09] NETHERLANDS – Mn Services is the latest of Dutch pension providers to intensify its presence in Brussels, as several pension funds and providers have already appointed lobbyists in the administrative centre of the EU, IPE has learnt.
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News
€2.2bn Ahold fund fishes for private equity beyond Europe
[16:15 CEST 11-09] NETHERLANDS – The €2.2bn pension fund of giant Dutch food retailer Ahold has extended its private equity investments with a €140m fund of funds mandate to be managed by Credit Suisse.
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Dutch fund seeks global non-listed real estate
[16:00 CEST 11-09] NETHERLANDS – A Dutch pension fund is looking for a global multi-manager to invest €250m in non-listed real estate funds, using IPE-Quest.
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NewsBoNY Mellon merges Iberian AM
[17:00 CEST 10-09] IBERIA – Bank of New York Mellon Asset Management’s Spanish, Portugese and Andorran operations are merging with WestLB Mellon Asset Management to create a “single point of contact”.
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NewsAon hires new German CEO to push business
[16:55 CEST 10-09] GERMANY – Marco Arteaga, the chairman of the management board of Mercer Deutschland, has been appointed the new chief executive of Aon Consulting in Germany.
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News€9.8bn PGB extends SRI portfolio
[14:15 CEST 10-09] NETHERLANDS – The €9.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) has awarded a €60m social responsible investment (SRI) mandate to asset manager Threadneedle.
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NewsWednesday people roundup
[14:00 CEST 10-09] GLOBAL – People roundup: PADA, SEB, Threadneedle, Fidelity International, AXA IM, Mn Services, SEI, Cardano, BAAM, Permal Group, Northern Trust, Metzler Asset Management, Mirae, Lonkal.
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NewsAnti-fraud guidance unveiled on Dutch real estate
[13:30 CEST 10-09] NETHERLANDS – The Dutch Association of Institutional Property Investors (IVBN) has extended its earlier framework to prevent fraud in institutional real estate investment, as the second Dutch pension fund to be hit in the ‘bouwfraude’ case continues its internal probe.
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NewsMn Services and Syntrus Achmea set aside differences
[11:45 CEST 09-09] NETHERLANDS – Pension providers Mn Services and Syntrus Achmea intend to reach an agreement on merging the two companies within eight weeks, setting aside earlier shareholder issues.
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News
Brinkman foresees Optas agreement
[11:00 CEST 09-09] NETHERLANDS – Elco Brinkman, the exiting chairman of the Dutch teachers and civil servants pension fund ABP, will continue his mediation in the Optas case and may deliver his a conclusion within the next four weeks.
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NewsUCITS III 'heading for mid-life crisis'
GLOBAL – The investment industry is calling for next generation UCITS IV structures as the credit crunch is hindering the short-term growth of Undertakings in Collective Investments and Securities (UCITS) funds, suggests a survey by Create-Research.
