All articles by Carolyn Bandel – Page 52
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Morley taps Dromer for global chief
[17:00 CEST 13-07] UK – Insurance giant Aviva has appointed HSBC’s Alain Dromer to replace the late Chris Phillips as chief executive of Morley Fund Management.
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ABP makes first timber allocation
NETHERLANDS – The €211bn Dutch pension fund ABP has made its first foray into timberland investments with a $60m allocation to the Global Solidarity Forest Fund (GSFF).
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Pension funds fail to offer relevant training - TPR
[17:00 CEST 12-07] UK – One-third of British pension funds still do not offer any training to their trustees while four in 10 of British schemes do not have any risk management processes in place, according to The Pensions Regulator (TPR).
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Docters van Leeuwen descends with 10 commandments
[17:00 CEST 12-07] NETHERLANDS – Arthur Docters van Leeuwen, exiting chairman of the Dutch Financial Markets Authority (AFM), has called for greater fiscal transparency and exemption from dividend tax for pension funds.
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Wednesday people roundup (amended)
[16:45 CEST 11-07] GLOBAL – PGGM, Credit Suisse, Fortis, Aegon Asset Management, Pioneer, Swisscanto, Ermitage, Northern Trust, HSBC, Hewitt, First-LM (amended), CBRE.
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Dutch media scheme succumbs to SRI pressure
[16:45 CEST 11-07] NETHERLANDS – The €2.5bn Dutch industry wide pension fund PNO Media has announced it will sharpen its social responsible investment (SRI) policy and procedures following pressure from broadcaster Llink.
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Van den Brink follows fiduciary trail to Mn
[16:00 CEST 09-07] NETHERLANDS – Roland van den Brink, investment director at the the €21bn industry-wide pension fund for the mechanical and electrical engineering PME, has joined Mn Services’ board of management.
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IAS19 changes could hit pension deficits
[16:25 CEST 22-06] GLOBAL – Pension schemes’ deficits could be hit after the International Accounting Standards Board (IASB) ratified new rules on the interpretation of the IAS19 accounting standard.
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Finnish church goes SRI
[16:24 CEST 22-06] FINLAND – The Evangelical Lutheran Church of Finland’s €746m pension fund is looking for one or more active European equity SRI managers, following its new guidelines for responsible investing.
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Investors forced to reveal intentions on Dutch stocks
[13:07 CEST 21-06] NETHERLANDS – Shareholders will in future have to announce when they hold 3% in a Dutch listed company, instead of the current 5%, and disclose why they are holding them, the Netherlands government has revealed.
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More schemes to join Unilever’s FCP fund
[16:58 CEST 20-06] GLOBAL – Anglo-Dutch household goods giant Unilever says more of its global pension funds will join its FCP fund, including its first defined contribution (DC) plan at the end of June.
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Ellison attacks 'destructive' CEIOPS
[10:54 CEST 20-06] EUROPE – Robin Ellison, the former chairman of the National Association of Pension Funds (NAPF), has accused the Committee of European Insurance and Pension Supervisors (CEIOPS) of operating as a cartel plotting against pan-European pensions.
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Wednesday people roundup
[10:53 CEST 20-06] GLOBAL – Northern Trust, BoNY, Mercer, JPMorgan, Watson Wyatt, RCM, Managing Partners, New Star, ETF, Henderson, Punter Southall.
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Reuters to review Swiss DC fund
[16:45 CEST 19-06] SWITZERLAND/UK – International news organisation Reuters says it wants to review the investment mix of its new Swiss defined contribution (DC) pension fund.
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Private equity markets to fall, warns Munsters
[17:20 CEST 18-06] NETHERLANDS – Roderick Munsters, chief investment officer at the giant Dutch pension fund ABP, says there are opportunities to be had in declining private equity markets.
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Securities law could hit pension fund returns - KAS
[16:57 CEST 18-06] EUROPE – Pension funds will incur financial losses if legislation preventing the use of voting rights on loaned securities is implemented, Dutch securities services bank KAS Bank has argued.
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ICI pension fund wants to be wooed by potential suitors
[16:56 CEST 18-06] NETHERLANDS/UK – The £6.5bn (€9.63bn) Imperial Chemical Industries (ICI) pension fund is warning it expects ICI bidders to engage in up-front talks with the scheme, following failed takeover talks with Dutch paints major Akzo Nobel.
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SNS to expand securities presence with FBS takeover
[17:01 CEST 15-06] NETHERLANDS – SNS Bank’s securities business is in talks to buy specialist securities firm and institutional investment manager FBS Bankiers for an undisclosed amount.
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Long-term bond yields drive Irish funding level
[17:00 CEST 15-06] IRELAND – Irish corporate pensions’ funding levels have improved by 20% since the beginning of this year because of increasing long-term bond yields, according to consultants Mercer.