All articles by Dickon Reid – Page 16
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News
FSA's Farnish named as new NAPF head
UK- The National Association of Pension Funds has named the Financial Services Authority’s Christine Farnish as its new chief executive and replacement for David Cranston who resigned last December after eighteen months in the job.
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News
Meijer builds back office for European schemes
NETHERLANDS- Former Shell pension fund treasurer Robert Meijer is launching an integrated back office system for pension funds in Europe. Meijer, now an independent consultant, along with an IT company, an accountancy firm and a software house began developing the system two months ago.
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News
US schemes show 'modest' first quarter returns
US- US plan sponsors have witnessed modest first quarter returns according to Mercer Investment Consulting. The latest performance figures for US institutional figures show corporate plans returned an average 1% return while public plans and foundation/endowment funds fared better with a corresponding 1.2%.
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News
Mercer presses for change to pensions regulations
UK- Mercer Human Resource Consulting is urging the government to introduce radical changes to taxes and regulations governing both public and private pension provision.
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News
Luxembourg's first SEPCAV closes
LUXEMBOURG- Luxembourg’s first SEPCAV has closed after two years having failed to raise any funds. Launched at the end of 2000, Alliance Pension Fund (APF) was a partnership between the consultants Barnett Waddingham, Banque Generale du Luxembourg and Alliance, the Dubai-based insurance company.
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News
Russell to run Croudace and Maybrook schemes
UK- Croudace and Maybrook Properties have appointed Frank Russell Company to manage their £15 million pension scheme. Trustees of the fund were advised by Jardine Lloyd Thompson, and have opted to invest in Russell’s multi-style, multi-manager funds.
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News
Belgian minister sets 2003 pension law deadline
BELGIUM- The Belgium ministry of finance has said that the country’s new occupational pensions legislation will be passed and in place by the beginning of next year.
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News
Gascoine joins AXA in key pensions role
UK- AXA Investment Managers has appointed Bruce Gascoine as a director in the UK Institutional sales team. As part of his new role, he will be responsible for business development within the pension fund and insurance markets.
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News
WM Universe data show UK funds down 8.9% in 2001
UK- Figures released by the WM company show UK funds fell 8.9% last year, the poorest performance in over a decade. The survey, which covers over 1,000 funds with combined assets of £423bn, shows only one fund produced positive returns in 2001. Nine out of ten were within a range ...
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News
Lothian seeks manager for e130m mandate
UK- The £1.9bn Lothian pension fund is looking for a manager to oversee a new £80m (e130m) global equity mandate. The decision follows a structural review of the fund last year by consultant Hymans Robertson.
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News
VB to publish extensive Dutch fund data from 2003
NETHERLANDS- From next year, Dutch industry wide funds will be asked by the VB to supply details of their contribution levels, the indexation policy of their benefits and the extent of any surplus or deficit.
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News
Prins leaves VB for metal fund
NETHERLANDS- Frans Prins is standing down as director of the Dutch association of industry-wide pension funds and taking up a directorship at the Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, the industry-wide fund for metal and technical sectors.
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News
Irish segregated funds fall 5.1% in 2001
IRELAND- Irish pension funds’ segregated accounts fell 5.1% last year according to Mercer Investment Consulting’s combined performance measurement survey (CPMS). The figure compares to a 5.7% drop in Ireland’s institutional pooled pension fund assets
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News
Irish scheme tenders its entire €1.2bn fund
IRELAND- Ireland’s transport workers’ pension fund Coras Iompair Eirann (CIE) is reviewing its investment manager set up and has tendered for managers to run its entire asset pool of €1.2bn.
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News
Mercers launches online custody database
UK- Mercer Investment Consulting has launched an internet-based global custody database that it says will produce a more up to date and efficient source of information for pension plans, foundations and investment managers.
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News
Jobling is new CAPS UK and Europe marketing head
UK- Information provider Russell/Mellon CAPS has appointed Richard Jobling to the newly-created position of head of sales, marketing and relationship management for UK and Europe.
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Features
NTMA names final seven managers
Ireland’s National Treasury Management Agency (NTMA) has announced the final seven managers to run the unallocated E2bn of the National Pensions Reserve Fund’s E8bn in assets. Lord, Abbett & Co has been appointed to run a E410m portfolio of north American value equities. A similar-sized mandate for growth equities has ...
