All articles by Dickon Reid – Page 11
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News
Swiss guaranteed rate cut from 4% to 3%
SWITZERLAND- Switzerland’s government has announced it is lowering the minimum guaranteed interest rate for occupational pensions from 4% to 3% from the beginning of October.
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News
New Dutch fund names F&C as sole manager
NETHERLANDS- The Dutch transport workers sector fund Vervoer has named F&C as the sole manager for its recently-established early retirement fund.
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News
Dutch funds' PZH picks Vanguard for e450m mandate
NETHERLANDS- PZH, the body working on behalf of six medium-sized Dutch funds that began co-ordinating their operations earlier this year, has awarded Vanguard Investment a e450m passive mandate.
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News
Metcalfe joins Hermes as business development head
UK- Hermes, the £46bn investment manager owned by the British Telecom pension fund, has appointed Charlie Metcalfe as head of business development and deputy chief executive.
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News
Administrator MNPA hires Aon's Applegarth
UK- Sue Applegarth has taken over from Geoff Henry as managing director of the specialist pensions administrator, Merchant Navy Pensions Administration (MNPA).
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News
ASB postpones introduction of FRS17
UK- Companies will have more time to implement the accounting method FRS17 after the UK Accounting Standards Board (ASB) announced it was extending the compulsory December deadline.
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AP2 names State Street as its new global custodian
SWEDEN- Sweden’s second national pension fund AP2 has appointed State Street to provide investment services, including global custody and fund accounting, for its $14bn in assets.
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News
Belgium refuses to back EU pensions directive
SPAIN- Belgium’s delegation refused to back the EU directive for occupational pensions at yesterday's Ecofin meeting in Madrid and instead chose to abstain from declaring its position.
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Features
Long and rocky road
The 1997 Green paper drawn up by internal commissioner Mario Monti is often seen as seminal in getting today’s proposed directive underway. In many ways this is true but the paper, and subsequent discussion, drew heavily on the mistakes and lessons learnt from the first unsuccessful attempt. A fairer assessment ...
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Features
Key features of IORPs
The directive has espoused the prudent man principle with a few minor restrictions on cross-border funds. Member states can choose to retain quantitative rules. Some specific quantitative restrictions can be imposed by a member state not only on its domestic pensions funds but also on pension funds from another state ...
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News
PIMCO poaches BGI's Pardi as southern Europe head
UK/EUROPE- Specialist fixed income manager PIMCO has appointed PeterPaul Pardi as head of business development for southern Europe. Pardi was most recently head of southern European institutional business at Barclays Global Investors. Pardi, who joined this week and is based in London, reports to Joe McDevitt, head of PIMCO in ...
