All articles by Dickon Reid – Page 21
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Features
Battle for soul of directive
That the Spanish delegation to the European council working group on the pensions directive is trying to introduce quantitative rules has caused a bit of an uproar in Brussels. Those proposing the changes are silent while those opposing them are defending the parliament’s espousal of the prudent man principle. Ironically ...
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News
Philipp steps down as head of Deutsche AM
UK- Michael Philipp is stepping down as head of Deutsche Asset Management in what is the latest of a series of senior departures at Deutsche Bank. Philipp’s deputy Thomas Hughes is replacing him as head of asset management and, as a result of the reshuffle, becomes a member of Deutsche’s ...
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News
NTMA names five managers for e8bn reserve fund
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced a further five managers to help run part of the e8bn National Pensions Reserve Fund. It has appointed Capital International and Dresdner RCM Global Investors to run two e420m global equity mandates. In addition, Bank of Ireland Asset Management, Blackrock International ...
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ABN Amro Mellon wins e8bn NTMA custody
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has appointed ABN Amro Mellon as global custodian to the e8bn National Pensions Reserve Fund.
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FERI Trust enters UK with EFIS joint venture
GERMANY/UK- Germany’s FERI Trust, the independent wealth manager and fund analysis company, is teaming up with European Fund Information Services (EFIS) to launch a new London-based division FERI Fund Market Information (FFMI).
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House of Fraser suspends DB scheme to new entrants
UK- House of Fraser Group has announced it is closing its defined benefit pension scheme to new entrants while it carries out a review with the consultants Bacon & Woodrow.
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Mercers makes Couchman new head of administration
UK- Paul Couchman is replacing Bill Rayner as consultant William M Mercer’s head of pensions administration. Couchman, who will be based in London, takes up the post at the beginning on April and consequently becomes a member of the UK board.
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News
TUC pushes companies to disclose pensions details
UK- The TUC is urging the government to make it compulsory for companies to disclose more extensive information on directors’ remuneration including the type and size of pensions if they differ from those offered to employees.
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News
Dutch funds warm to inflation linked products
THE NETHERLANDS- Dutch pension funds are taking an increased interest in inflation linked products as a means of hedging against the risk associated with the country’s increasing rate.
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News
UK funds register £4bn FRS17 deficits
UK- Research by consultants Watson Wyatt suggests about half the pension schemes of the largest 100 companies in the UK are likely to report deficits as of the end of 2001 thanks to FRS17. According to the consultant, the total deficit for those funds reporting at 31st December is roughly ...
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Fidelity names head of UK/European fixed income
UK- Fidelity Investments has appointed Martin Hall as executive director of fixed income, a job in which he will be responsible for the group’s UK and European fixed income. Hall is to work closely with head of fixed income investment Andy Jenkins in developing Fidelity’s business.
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Gartmore enters Spain with new Madrid office
SPAIN- Gartmore has recruited Victoria Huerta from Royal Sun Alliance Investment Management as head of its first office in Spain, due to open later this month.
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Danner case lifts pan European fund prospects
FINLAND/EUROPE- Prospects for pan European pensions got a lift today with publication of a document by the general Advocate in the Danner case criticising the relevant Finnish tax law and suggesting it contravenes EU legislation. Publication comes prior to the Judgement in the European Court of Justice (ECJ) on the ...
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News
Cambridge University launches pensions journal
UK- Cambridge University Press has published the first issue of the Journal of Pension Economics and Finance, an academic journal focusing on the economics and finance of pensions. Founding editors are Mike Orszag, head of research at Watson Wyatt, Jeff Brown of Harvard, Steve Haberman of City University, and Moshe ...
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Royal London recruits Spiller as head of DC
UK- Royal London Asset Management has appointed Susan Spiller head of defined contribution sales as part of a move by the group to increase the volume of assets under management from defined contribution clients.
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News
Aberdeen names Nielsen head of new Danish venture
DENMARK- Aberdeen Property Investors is expanding into the Danish market and has recruited Tonny Nielsen to head the Copenhagen office it is opening next month.
