All articles by Dickon Reid – Page 33
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News
Eureko to buy F&C for e662m
UK: Foreign & Colonial is being added to Eureko's asset management portfolio following its agreed sale by Germany's HypoVereinsbank for e662m.
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Myners spells out end of MFR
UK - As expected Paul Myners, the chief executive of Gartmore, has recommended in his interim report on the UK pension fund industry that the minimum funding requirement be scrapped as a safeguard for pension funds.
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Myners calls for custodians for all
UK - Paul Myners, the Gartmore chief executive reviewing the UK pension fund industry, has recommended to chancellor Gordon Brown and secretary of state Alistair Darling that UK pension funds employ custodians to oversee their assets.
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German anger
GERMANY - German unions are angry with the government for reneging on its guarantee to commit to the launch of a second pillar pension scheme.
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All PPM's 455 funds attract cash
SWEDEN - Funds available under Sweden’s premium pension system (PPM) have taken delivery of their first assets following the return of thousands of catalogues from the country’s northern regions.
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Swedish investment arm closed
SWEDEN - Consultant William M Mercer has closed its three-strong investment consulting operation in Stockholm and will instead run it from the London office.
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German pensions reform put back by a year
GERMANY - Reform of German pensions has suffered another setback after the government postponed the introduction of legislation leading to the introduction of private pensions. Private provision will begin in 2002, instead of 2001 as initially planned.
