All articles by Daniel Brooksbank – Page 47
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News
Ilmarinen real estate chief Kankuri exits
FINLAND – Ilmarinen Mutual Pension Insurance Co. has hired Esko Torsti to take over from real estate head Timo Kankuri.
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News
MP says NAPF “scared stiff” of national scheme
UK – A Member of Parliament for the ruling Labour Party has said the National Association of Pension Funds is “scared stiff” of the Pension Commission’s proposed new National Pension Savings Scheme.
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News
BGI says trustees, sponsors “sensible” on LDI
UK – Barclays Global Investors reckons pension fund trustees, sponsors and advisers are making sensible decisions regarding liability driven investment – and that the shift from equities to bonds is not as pronounced as reports suggest.
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News
SG buys UniCredit securities services arm
ITALY - Société Générale Securities Services has bought UniCrédit’s securities services business 2S Banca for €548m, giving it an extra €455bn in custody assets.
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News
Bank of New York’s Fraser joins JP Morgan
UK – Benjie Fraser, head of the Bank of New York’s UK pensions business, has joined JP Morgan.
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News
DB/DC shift may be cyclical, says UK actuary
UK – The shift from defined benefit to defined contribution pension arrangements may simply be a cyclical trend that could be reversed, says the president of the Institute of Actuaries.
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News
Measures to tackle ageing not enough - Barroso
EUROPE – European member states’ measures to tackle population ageing are “not equal to the task,” says European Commission president José Manuel Barroso.
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News
Asset management jobs go at Finland’s OKO
FINLAND - OKO Bank says it plans to cut around 50 jobs in its life insurance, mutual fund and asset management operations after its acquisition of insurer Pohjola.
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News
ABP an observer at Commission hedge fund group
NETHERLANDS – Stichting Pensioenfonds ABP has been named as an observer at a new expert sub-group on hedge funds set up by the European Commission.
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News
New ABN Amro AM CEO takes helm
GLOBAL – Sarah Russell has formally taken over from Huibert Boumeester as chief executive of ABN Amro’s asset management division, the bank said.
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Features
Straatman and profits of doom
It’s not every day that someone moves from working for the Dutch civil service pension fund to teaming up with a flamboyant UK pizza-and-pubs magnate. But that’s just what Jan Straatman is about to do. His decision to leave his berth at ABP Investments, where he was chief investment officer ...
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Features
UK schemes scramble to buy linkers
The Bank of England says UK pension funds are buying index-linked gilts at virtually any price – caught in a vicious circle of falling yields and falling funding ratios. The central bank said demand for index-linked gilts from UK schemes “may have become relatively price inelastic” due to the shift ...
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Features
Unilever sets up €5bn asset pooling
Consumer products group Unilever has set up a pension asset pooling vehicle called Univest which could grow to around €3-5bn in size. The firm said Univest was expected to reduce risk and enhance net return potential. It would provide a “diversified external manager” facility for Unilever schemes worldwide. Unilever’s Dutch ...
