All articles by Carolyn Bandel – Page 19
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News
Cambridgeshire awards global equity mandate
[16:10 CEST 01-08] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has tapped RCM to manage a £140m global equity mandate.
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Fiduciary trend boosts compliance monitoring demand
[16:30 CEST 31-07] NETHERLANDS – The growing trend towards fiduciary management in the Netherlands has led to increased demand among pension fund trustees for the monitoring of manager performance, according to asset servicing firm Northern Trust.
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Telegraph opts for bulk buyout as prices begin to rise
[16:15 CEST 31-07] UK – The Telegraph Media Group, publisher of UK broadsheet the Telegraph, has tapped Legal & General to buy out £12m of its defined benefit staff pension plan liabilities.
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Dutch institutions too relaxed in tackling fraud - FEC
[15:15 CEST 31-07] NETHERLANDS – Financial institutions and service providers do too little to tackle fraudulent real estate transactions in the Netherlands, an official analysis of criminal and supervisory investigations has found.
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UK solvency ratios worst hit by credit crunch
[16:00 CEST 30-07] EUROPE – UK pension funds saw the steepest decline in solvency ratios in the first half of 2008 thanks to falling asset values and rising inflation, according to Lehman Brothers.
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£1.2bn Trafalgar House fund replaces Hewitt (amended)
[15:00 CEST 30-07] UK - The £1.2bn (€1.5bn) pension fund of the former UK property conglomerate Trafalgar House has appointed Dutch consultant Cardano as its new investment adviser, replacing Hewitt.
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Wednesday people roundup
[13:00 CEST 30-07] GLOBAL: People roundup – Threadneedle Asset Management, Pioneer, Aegon, Bfinance, Mercer, AXA IM, BNP Paribas.
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Employer pain warning on Dutch executive pensions tax
[11:00 CEST 30-07] NETHERLANDS – Employers with businesses in the Netherlands might need to adjust their executive pension arrangements if Dutch lawmakers approve additional tax restrictions backed by the government, Towers Perrin has warned.
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ABP joint venture spends €2.7bn in shopping spree
[16:00 CEST 29-07] NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).
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News
ING takes AZL's fiduciary offering abroad
[12:30 CEST 29-07] NETHERLANDS – ING Investment Management, which has been offering fiduciary management to medium-sized Dutch pension funds since its acquisition of pension fund manager AZL last year, plans to launch a fiduciary proposition abroad.
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Alexander Forbes offers TrustEase relief
[16:50 CEST 28-07] UK – Alexander Forbes Trustee Services has today launched a service that it claims frees insolvency practitioners (IPs) from the liability of being a trustee of an insolvent company’s defined contribution (DC) pension scheme.
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Ireland denies plans for 'pension holiday'
[15:00 CEST 28-07] IRELAND – Officials of the Irish ministry of finance have today strenuously denied the government is working on legislation to take a two-year pension holiday from the National Pension Reserve Fund (NPRF).
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Nordea suffers institutional outflows in Q2
[16:35 CEST 23-07] SCANDINAVIA – The Nordic finance group Nordea has said its assets under management (AuM) for institutional clients stayed neutral in the second quarter of this year despite losing a number of money market mandates.
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News
Bundesbank on a pensions roll
[16:30 CEST 23-07] GERMANY – The German federal bank, known as the Bundesbank, has confirmed it has signed yet another deal to look after the asset management of one of the newly-established Pensionsfonds for civil servants.
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News
Wednesday people roundup
[15:15 CEST 23-07] People roundup: GLOBAL – UBS, SSgA, Newton, Redington Partners, Barrie & Hibbert, Alexander Forbes, Mercer, Russell, Aon, BNP Paribas, Wilshire, Halbis, Watson Wyatt.
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News
RBS unveils buyout solution for German corporates
[16:40 CEST 22-07] GERMANY – The Royal Bank of Scotland (RBS) together with insurer Ergo has launched a pension liability buyout service targeting German corporates with pension liabilities of €500m onwards.
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News
German CTA to award €350m TAA mandate
[16:10 CEST 22-07] GERMANY – A fiduciary manager in Germany acting on behalf of a German pension fund is looking for managers for a €350m tactical asset allocation (TAA) mandate, using IPE-Quest.
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AFG 'confident' UCITS will include passport
[16:05 CESAT 22-07] EUROPE – The Association Française de la Gestion Financière (AFG), the French asset management association, today said it is confident the European Commission will include full fund passports as an element of the fourth Undertakings in Collective Investments and Securities (UCITS) directive.
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News
Czech senate approves pension reform
CZECH REPUBLIC – The Czech senate has approved legislation that will raise retirement and implement tougher requirement for early retirement.
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ABP cuts Fannie and Freddie holdings
[13:00 CEST 21-07] NETHERLANDS – The €205bn Dutch civil service pension fund ABP has confirmed it has cut its mortgage-backed securities (MBS) holdings in US mortgage financiers Fannie Mae and Freddie Mac.
