All articles by Carolyn Bandel – Page 61
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Belgium’s occupational savers increase tenfold
BELGIUM – The number of Belgian employees with employment-related savings has surpassed two million.
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Irish chief rejects compulsory saving
IRELAND – Joe Byrne, chairman of the Irish Association of Pension Funds (IAPF), has warned that pension compulsion could be counter productive.
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Cordares’ Kloet strikes out on his own
NETHERLANDS – Jan Kloet, corporate development director at Dutch construction industry pensions provider, Cordares, has left the company to set up his own consultancy firm.
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Morningstar buys S&P's data unit for $55m
GLOBAL – Investment research company, Morningstar has acquired Standard and Poor’s (S&P) mutual fund data business for $55m (€42m), the company announced today after signing a definitive agreement.
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European venture capital targets sustainability (amended)
EUROPE – European investors committed €1.25bn to sustainable venture capital products as of 2006, while total private equity hit record levels of financing, according to the European Social Investment Forum (Eurosif).
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Nestlé pension plans return 10.5%
SWITZERLAND – The global Nestlé pension funds made a total return in 2006 of nearly CHF2.3bn (€1.4bn), bringing the funds’ entire assets to just under CHF23.6bn at December 31 last year.
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UK pension schemes shun local property
UK – British pension funds turned their back on domestic property in 2006, with property mandates in the UK halving, the consultancy firm Watson Wyatt has found.
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Sell-side analysts under fire
NETHERLANDS – Rob Bauer, former head of research at ABP, has added his voice to the growing criticism of sell-side analysts. He says they tend to exaggerate estimated annual report figures.
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LPFA’s Scales joins EPIC investment panel
UK – Peter Scales, former chief executive of the London Pensions Fund Authority (LPFA), has joined the investment panel at EPIC Investment Advisers (EIA).
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Mercer recruits Deloitte’s Elwine
UK – Deloitte’s Sarah Elwine has been appointed as principal at Mercer Human Resource Consulting's London-based retirement business, the company announced today.
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BGI sees 16% assets under management growth
GLOBAL – Barclays Global Investors (BGI) has reported a 16.7% increase in its assets under management for 2006, taking the total to $1.8trn (€1.4trn).
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Home sweet home for Dutch schemes
NETHERLANDS – Dutch multinationals are unmoved by pan-European pension fund opportunities elsewhere and prefer a Dutch domicile, a study by KMPG has found.
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DNB demands risk appraisal for private equity
NETHERLANDS – The Dutch pensions regulator, De Nederlandsche Bank (DNB), is setting up guiding principals to help develop financial institutions’ risk management of private equity and other alternative investments.
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F&C takes LDI funds to market
EUROPE – F&C is now marketing its pooled liability driven investment (LDI) solution, which aims to optimise European pension funds’ exposure to return generating assets.
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ATP recruits real estate specialist
DENMARK – Ville Raitio, head of research at European Association for Investors in Non-listed Real Estate Vehicles (INREV), has been poached by the DKK371.5bn (€49.8bn) Danish labour market pension fund ATP.
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DNB renews ABP-Loyalis probe
NETHERLANDS – The Dutch civil servants’ pension fund ABP, recently fined for ‘illegally’ promoting its Loyalis subsidiary, has come under renewed scrutiny, according to the regulator, De Nederlandsche Bank (DNB).
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Paints giant to find €1bn for UK pension deficit
UK/NETHERLANDS – Dutch paints giant, Akzo Nobel will pay at least €1bn into its UK subsidiary’s pension fund, the firm has said.
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ABN Amro and Russell win €2.2bn fiduciary mandate
NETHERLANDS – Dutch SBZ, the €2.3bn industrywide pension fund for employees in the health insurance sector, has awarded ABN Amro Asset Management and Russell Investment Group a €2.2bn fiduciary mandate.
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ING group AUM grow to €600bn in 2006
NETHERLANDS – Dutch financial services group ING today reported an inflow of nearly €44bn of assets under management in 2006, while ING chief financial officer Cees Maas announced his retirement.
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Experts urge funds to diversify, not protect portfolios
GLOBAL – Long-term investors such as pension funds should diversify rather than protect portfolios against short-term losses, according to a new study by ABN Amro and the London Business School.
