All articles by Carolyn Bandel – Page 2
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NewsCresswell surfaces at Towers Perrin
[16:15 CET 11-02] GERMANY – Nigel Cresswell, the former head of the Lehman Bros' pensions advisory team for Germany and Switzerland, has been tapped to lead Towers Perrin's new European investment consulting group in Munich.
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NewsEC lets BT off with £17m ruling
[16:00 CET 11-02] EUROPE/UK – The European Commission (EC) has ordered British Telecom to pay £16.6m (€18.5m) for withholding the Pension Protection Fund (PPF) levy subsidy under the terms of the UK Crown guarantee.
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Wednesday people roundup
[14:45 CET 11-02] GLOBAL – Partners Group, Close Brothers, Aegon, Aon, Bfinance, Punter Southall, Baillie Gifford, IFDS, Ruffer, Mercer.
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Siemens fund taps into sponsor's venture capital FoF
[15:15 CET 10-02] GERMANY – The German pension fund of Siemens AG, Europe's largest engineering company, and two insurers will provide the first $100m (€78m) for the company’s first venture capital fund of funds.
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DB sponsors fear scheme impact
[16:55 CET 09-02] UK – Research suggests nine out of 10 companies with a defined benefit (DB) pension fund are worried about the impact their scheme will have on the business.
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Co-operative could provide pensions solace – Santing
[16:35 CET 09-02] NETHERLANDS – Dutch pension funds should join forces as co-operatives to prevent being forced further into short-term thinking, according to Gerald Santing, former director of the Netherlands Authority of the Financial Markets (AFM).
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German economy minister steps down (amended)
[15:30 CET 09-02] GERMANY – Michael Glos, the German economy minister, has asked the German premier Angela Merkel to formally accept his resignation.
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Choppy waters improve January deficits
[15:00 CET 09-02] UK – The UK’s private sector final salary pension schemes saw a slight improvement in January as deficits reduced a fraction, according to calculations made by the Pension Protection Fund.
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Wednesday people roundup
[14:30 CET 04-02] GLOBAL – Aberdeen, Kas Bank, Morgan Stanley, Fortis, ABI, SSgA, Ruffer, RCM.
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Compound rate big mistake for funds – Van Nunen
[16:50 CET 03-02] NETHERLANDS – Fiduciary management consultant Anton van Nunen has claimed the condition of pension funds is less severe than portrayed, and instead argues much of funds’ funding shortfalls can be attributed to the compound rate.
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Belgian funds return -20.5% in 2008
[16:40 CET 03-02] BELGIUM – Belgian pension funds suffered a negative return of 20.5% in 2008, the Belgian Association of Pension Institutions (BVPI) has revealed.
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PME campaigns for bespoke recovery approach
[16:25 CET 03-02] NETHERLANDS – Hans van der Windt, director of PME, the €18.7bn pension fund for the metal and electronics sectors, wants the pension regulator to adopt a tailor-made approach that enables pension funds to recover at their individual pace.
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Further delay indexation label - PGB fund
[16:15 CET 03-02] NETHERLANDS - Pensioenfonds Grafische Bedrijven (PGB), the €9bn Dutch pension fund for the printing and publishing industry, has hit out against the planned introduction of an indexation label, arguing it promotes short-termism and is not informative enough.
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French reserve fund loses a quarter
[16:20 CET 02-02] FRANCE - The Fonds de reserve pour les retraites (FRR) has revealed its assets decline by 24.8% during 2008.
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Cautious DNB examines recovery time
[16:00 CET 02-02] NETHERLANDS - The president of the Dutch central bank and pension regulator will decide before 1 March whether pension funds will be given more time to recover from the credit crisis, though he has stressed in advance he does not favour giving more time to repair their ...
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FeaturesPension funds see crisis role
Europe’s mighty central banks are being stretched to their limits, not only in the range of problems they need to fix, but also in their financial firepower. In some countries, pension funds have stepped in as the new investors of last resort, transforming themselves almost overnight into Pension Fund plc ...
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VB joins pressure for more recovery time
[16:55 CET 30-01] NETHERLANDS – Gerard Riemen, director of the Dutch association of industry-wide pension funds (VB), has joined several unions and employer representative bodies in their plea to give pension funds more time to recover.
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BNP Paribas and Belgium reach Fortis agreement
[16:45 CET 30-01] BELGIUM/FRANCE – Belgian-Dutch bancassurer Fortis said today BNP Paribas, France’s largest bank, and the Belgian state had agreed on revised terms on the transactions concluded in October last year.
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Credit crunch to boost fiduciary offering
[16:15 CET 30-01] EUROPE – UK pension fund assets run by fiduciary managers could reach £300bn by 2012, up from £2bn today, if the experience in the Netherlands is repeated, predicts Andrew Dyson, Blackrock’s head of international institutional business.
