All articles by Carolyn Bandel – Page 18

  • News

    Co-op's £5.3bn fund confirms custody consolidation

    8 August 2008

    [16:55 CEST 08-08] UK – The £5.3bn (€6.7bn) Co-operative Group Pension Scheme (PACE) has tapped BNY Mellon Asset Servicing as its sole custodian.

  • News

    More bad news for Danske Capital

    8 August 2008

    [16:50 CEST 08-08] DENMARK – Danske Bank’s asset management business, Danske Capital, saw its assets under management decline by 11% to DKr572bn (€76.67bn) at the end of the first half of this year.

  • News

    TPR guides on pension transfers

    8 August 2008

    [16:00 CEST 08-08] UK – The UK pension regulator (TPR) today has published draft guidance to help trustees of defined benefit schemes calculate transfer values for members preceding new transfer value regulation coming into force later this year.

  • News

    Belgian institution to award cash mandate

    8 August 2008

    [15:50 CEST 08-08] BELGIUM – A Belgian institutional investor is looking for a manager to handle a $125m (€82.6bn) Eurozone cash mandate, using IPE Quest.

  • News

    Aegon sees 8% rise in pensions earnings

    7 August 2008

    [16:00 CEST 07-08] NETHERLANDS – Aegon, the Dutch insurance and pensions provider, today posted an 8% increase in underlying earnings before tax in its pensions and asset management business in the second quarter of this year.

  • News

    £1.1bn Dyfed fund renews custody mandate

    7 August 2008

    [16:00 CEST 07-08] UK – The £1.1bn Carmarthenshire County Council’s Dyfed pension fund has renewed its custody contract with HSBC Security Services.

  • News

    Fortis still waiting for Ping An

    7 August 2008

    [16:55 CEST 07-08] NETHERLANDS – Fortis is still waiting for approval from the Chinese regulators to complete its €2.15bn joint venture with Chinese insurer Ping An, the Belgian Dutch financials firm confirmed today.

  • News

    Capacity of buyout providers in doubt

    6 August 2008

    [14:15 CEST 06-08] UK – Consultancy firm Aon has warned pension buyout providers are buckling under the weight of current buyout demand and are struggling to cope with requests.

  • News

    £864m Devonport scheme taps BlueBay

    6 August 2008

    [14:45 CEST 06-08] UK – The £864m (€1.1bn) pension scheme of ship repair company Devonport Royal Dockyard, now part of the Babcock group, has appointed BlueBay to manage a corporate bond mandate.

  • News

    Passive LDI gives fake security – Pimco

    6 August 2008

    [14:10 CEST 06-08] EUROPE – Structuring liability-driven investing (LDI) as passive mandates can create a false sense of security as some pension funds think they are risk-free, bond fund manager Pimco has warned.

  • News

    Wednesday people roundup

    6 August 2008

    [13:30 CEST 06-08] GLOBAL – People roundup: Thomson Reuters, F&C, RCM, Aon, Vanguard, Composition Capital Partners, Northern Trust, SLCP.

  • News

    ABP calls for governance change at Fortis

    5 August 2008

    [16:50 CEST 05-08] NETHERLANDS – Belgian Dutch financials firm Fortis needs to drastically change its governance structure, says major Dutch pension fund ABP.

  • Northern Rock pension talks reach impasse
    News

    Northern Rock pension talks reach impasse

    5 August 2008

    [16:10 CEST 05-08] UK – Sir David Chapman, chairman of the trustees of the £350m (€441m) Northern Rock final salary scheme, has announced talks with the company have come to a halt over “fundamental differences” on investment strategy.

  • News

    OECD releases new governance guidelines

    4 August 2008

    [16:30 CEST 04-08] GLOBAL – The Organisation for Economic Co-operation and Development (OECD) has released its new pension fund governance guidelines for public comment.

  • F&C’s Peter Hans Budde dies
    News

    F&C’s Peter Hans Budde dies

    4 August 2008

    [15:15 CEST 04-08] NETHERLANDS – Peter Hans Budde, the country head of F&C’s Dutch office in Amsterdam, has died at the age of 51.

  • Cost of fraud triples for Philips fund
    News

    Cost of fraud triples for Philips fund

    4 August 2008

    [15:00 CEST 04-08] NETHERLANDS – The €13.4bn Dutch pension fund of electronics major Philips has executed several sequestrations in relation to its involvement in the recent property fraud, now estimated to have cost the fund €150m.

  • Fortis sees outflows as shareholders rally
    News

    Fortis sees outflows as shareholders rally

    4 August 2008

    [14:30 CEST 04-08] EUROPE – Fortis today admitted it had a tough first half and pledged to conduct more dialogue with shareholders, following €2.5bn outflows and lower equity markets impacting negatively on assets under management.

  • Deficits near 2007 levels as schemes wise up
    News

    Deficits near 2007 levels as schemes wise up

    1 August 2008

    [16:50 CEST 01-08] UK – Deficits of the 200 largest UK final salary schemes improved by £8bn (€10bn) during July, as pension funds increased and adopted more sophisticated investment activity during the second quarter of this year, suggests research from Aon Consulting.

  • Hewitt and Paternoster disagree on pension transfers
    News

    Hewitt and Paternoster disagree on pension transfers

    1 August 2008

    [16:30 CEST 01-08] UK – Consultancy company Hewitt and UK pension buyout firm Paternoster have gone head-to-head over the issue of incentivising defined benefit pension scheme members to transfer out of corporate pension schemes.