All articles by Carolyn Bandel – Page 54

  • News

    Westbrom taps LCP

    2007-05-31T15:35:00Z

    [16:34 CEST 31/05] UK – The £58m (€85.2m) pension fund of West Bromwich Building Society has tapped Lane Clark & Peacock (LCP) to provide pensions actuarial, investment and administration services, as well as corporate advice.

  • News

    PME commits to sustainable trees

    2007-05-31T15:31:40Z

    [16:31 CEST 31/05] NETHERLANDS – PME, €21bn industry-wide pension fund for the metal and electro-technical engineering industry, and Dutch financials giant ING have agreed to adhere to the international certificate for sustainable forestry.

  • News

    Artists' funds choose Schroders

    2007-05-30T16:04:14Z

    NETHERLANDS – Kunst & Cultuur, the life insurer managing the €400m assets of the five Dutch art and cultural pension funds, has tapped Schroders for an €82m equity mandate.

  • News

    Wednesday people roundup

    2007-05-30T15:58:23Z

    GLOBAL – Aon, ABN Amro, Pioneer, Credit Suisse, Morley, SEB, Alliance Trust, F&C

  • News

    ‘Disappointing’ plans threaten private equity law

    2007-05-29T16:02:46Z

    [17:02 CEST 29/05] GERMANY – The German Private Equity and Venture Capital Association (BVK) has called a paper outlining the German ministry of Finance’s (BMF) stance on Germany’s new private equity law “a total disappointment”.

  • News

    Turbulent 2006 still delivered for Swiss schemes

    2007-05-24T15:52:35Z

    [16:52 CEST 24/05] SWITZERLAND – Despite a turbulent year, Swiss pension funds have on average delivered a performance of 6.36% in 2006, according to Swisscanto, the asset management arm of the Swiss Cantonal Bank.

  • News

    F&C catches the fiduciary wave

    2007-05-24T14:39:52Z

    [15:49 CEST 24/05] NETHERLANDS – F&C Asset Management is planning to enter the popular Dutch fiduciary market later this year, having lost several Dutch pension fund mandates, IPE has learned.

  • News

    Horeca sacks disappointing F&C

    2007-05-23T15:48:00Z

    [16:48 CEST 23/05] NETHERLANDS – Horeca, the €2.7bn industry-wide fund for the Dutch hotel and catering sector, has replaced F&C on two mandates because the asset manager’s performance did “not meet expectations”.

  • News

    Ethos steps up remuneration discussion

    2007-05-23T15:47:43Z

    [16:47 CEST 23/05] SWITZERLAND – Swiss shareholders should have direct competence concerning remuneration policy, says Ethos, the socially-responsible asset manager created by two Geneva-based pension funds.

  • News

    Wednesday people roundup

    2007-05-23T15:47:00Z

    [16:47 CEST 23/05] GLOBAL – BNP Paribas, SEB, Watson Wyatt, Hewitt, UBS, IXIS, Stenham, Dexia AM, Credit Suisse, Aberdeen AM, SWIP, Arlington, JLT.

  • News

    ABN Amro AM expands into Zurich

    2007-05-23T11:56:32Z

    [12:56 CEST 23/05] SWITZERLAND – The asset management arm of the beleaguered Dutch ABN Amro bank is opening a full-time operation in Zurich, the firm has announced today.

  • News

    Flemish Brecht to create pension fund

    2007-05-22T12:00:24Z

    [13:00 CEST 22/05] BELGIUM – The Flemish municipality Brecht wants to set up a new pension fund, for which it has tendered a €2.6m (£1.8m) mandate.

  • News

    Institutional push for 130/30 returns

    2007-05-21T15:55:03Z

    [16:55 CEST 21/05] EUROPE – Institutional managers and investors are jumping further into 130/30 strategies to gain higher investment returns, according to Dutch Blue Sky Group, the manager of the KLM pension fund assets.

  • News

    Aegon and UBS form UK buy-out team

    2007-05-21T15:53:36Z

    [16:53 CEST 21/05] UK – Swiss banking major UBS is the latest investment bank to weigh into the lucrative bulk annuity market in a new buy-out joint venture with Dutch insurer Aegon.

  • News

    Employee power "creates pension fund conflict"

    2007-05-18T15:52:47Z

    [16:52 CEST 18/05] SWEDEN – The governance structure of institutions potentially causes a conflict of interest between pensioners and active employees, says Peter Lindblad, managing director of Stockholm-based FPG-AMFK Pensionsgaranti.

  • News

    Eureko sale latest blow for F&C

    2007-05-18T12:07:38Z

    [13:07 CEST 18/05] NETHERLANDS/UK – Dutch insurance giant Eureko is selling some of its shares in F&C Asset Management to finance a push into Central Europe and Turkey, the company has announced.

  • News

    Finland to widen IORP into DC

    2007-05-17T09:55:46Z

    [10:55 CEST 17/05] FINLAND – Finland is set to extend the implementation of the European pension fund directive (IORP) to cover defined contribution schemes, according to Matti Leppälä of the Finnish Pensions Alliance (TELA).

  • News

    UK schemes need paritarianism - Smerdon

    2007-05-16T15:55:11Z

    [16:55 CEST 16/05] NETHERLANDS/UK – The UK needs to look more closely at paritarianism for the future of pension funding, argues corporate governance specialist Richard Smerdon.

  • News

    Wednesday people roundup

    2007-05-16T12:09:36Z

    [13:10 CEST 16/05] GLOBAL – Hewitt, Watson Wyatt, UBS, SWIP, Aegon, Barnett Waddingham, F&C, PIC, Nevsky, Welllington, Deutsche Bank.

  • News

    ABP heads for PUB

    2007-05-15T15:46:14Z

    [16:46 CEST 15/05] NETHERLANDS – The board of Europe's largest pension fund is close to implementing fundamental changes to its structure, to stave off regulatory pressure on its additional insurance products, Jaap Maassen said today.