All articles by Daniel Brooksbank – Page 50
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News
PGGM real estate manager de Haas exits
NETHERLANDS – Peter de Haas, senior portfolio strategist for real estate at Dutch health care fund PGGM, is to join Protego Real Estate Investors.
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News
Nobel laureate Merton says LDI “ill-conceived”
GLOBAL – Nobel Prize-winning economist Robert Merton has said immunizing pension obligations through liability driven investment strategies is “ill-conceived”.
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News
ABI queries Turner on pension costs
UK – The head of the Association of British Insurers has queried the feasibility of the Pensions Commission’s proposal for a national pension system with very low costs.
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IPE-QUEST: Danish fund tenders emerging markets
DENMARK – Kirstein Finans has tendered €70m in long-only emerging market equities on behalf of a Danish pension fund via IPE-Quest.
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News
NIB Capital’s Tielman joins Cordares
NETHERLANDS – Jeroen Tielman, the founder of FundPartners and the current director of pension business development at NIBC Bank, is to join pension management firm Cordares in a senior role.
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News
Mercer says FTSE 350 deficits rise by €26bn
UK – The total pension scheme deficit for companies in the UK’s FTSE 350 index has risen by £18bn (€26bn) to £93bn, according to estimates from Mercer Human Resource Consulting.
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News
Irish reserve fund returns to bond market
IRELAND – The €15.3bn National Pensions Reserve Fund, reporting a 19% investment return in 2005, returned to the bond market in December.
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News
ABP, PGGM back ABN Amro infrastructure fund
NETHERLANDS – ABP and PGGM, the two largest Dutch pension funds, have emerged as lead investors in a new ABN Amro infrastructure fund.
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News
AP2 coordinating Skandia resistance
SWEDEN – The Second Swedish National Pension Fund/AP2 is coordinating the activities of large minority shareholders against Old Mutual’s bid for Skandia.
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UK’s social housing fund mulls career-average
UK – The £1.7bn (€2.5bn) Social Housing Pension Scheme has put forward a set of proposals, including a move to career-average pensions, as it seeks to contend with being just 85% funded.
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News
Mellon combines institutional and retail arms
GLOBAL – Mellon Financial Corp. has combined its retail mutual fund arm Dreyfus with its institutional asset management business under vice chairman Ronald O’Hanley.
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News
TNO awards extra €20m to MN Services
NETHERLANDS - The pension fund of technical research institute TNO has awarded an additional €20m in international real estate assets to MN Services, MN said.
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News
Watson Wyatt & Co. changes name
GLOBAL - Watson Wyatt & Co. Holdings has changed its name to Watson Wyatt Worldwide Inc. to reflect the recent acquisition of its European affiliate.
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News
UK schemes return 18% in 2005 – Mellon
UK – Pension funds in the UK returned an estimated 18.2% in 2005, according to Mellon Analytical Solutions.
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European actuarial group names committee chair
EUROPE – Towers Perrin’s Falco Valkenburg has taken over as chair of the Groupe Consultatif’s investment and financial risk committee.
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UK actuaries slam ‘dumbed down’ Britsaver plan
UK – The Association of Consulting Actuaries believes Lord Turner is wrong to think that defined benefit pension schemes are doomed – and that the proposed ‘Britsaver’ plan represents a dumbing down.
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Features
Towards a settlement
The media frenzy in the UK has moved on and now as the dust is starting to settle it will be up to pensions professionals and the government in the UK to fully absorb the recommendations of the Pensions Commission. There was a lot to take in - the final ...