All articles by Helen Avery – Page 16
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UK employers wary of pension protection fund
UK – The Confederation of British Industry has warned the government that the proposed pensions protection fund will accelerate the move away from defined benefit schemes, and is proposing that members contribute towards protection
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WM chief gets expanded role at State Street
UK – State Street has appointed the head of its performance-measuring arm WM Co., Peter Adams, as the London head of its UK pensions servicing team.
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Unilever turns tables on institutional investors
UK/NETHERLANDS – Institutional investors who fail to vote at annual meetings could face a grilling by companies if Unilever’s example sets a precedent.
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MLIM loses UK equity manager Thompson
UK – Merrill Lynch Investment Managers has lost three of its UK equity specialist team including UK equity manager, Steve Thompson.
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Bank of Ireland AM wins E922m in new mandates
IRELAND – Bank of Ireland Asset Management UK has announced it has won equity mandates in excess of 650 million pounds (922 billion euros) so far this year.
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European commercial property “slowing down”
EUROPE – Commercial property investment in Europe is slowing down and will be about 10% less than in 2002, according to Jones Lang LaSalle.
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Gartmore taps J P Morgan for custody
UK – Gartmore Group has appointed J P Morgan Investor Services as global custodian for the Gartmore Funds’ 16 billion dollars (14 billion euros) in assets.
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Germany’s BVI launches investment training
GERMANY – Four German investment companies have teamed up with the BVI, Bundesverband Investment und Asset Management, to offer a three-year on-the-job training programme as investment specialists – the first programme of its kind in Germany.
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Shropshire awards enhanced index mandate to GSAM
UK – The 450 million-pound (641 million euro) Shropshire County Council pension fund has appointed Goldman Sachs Asset Management to run a quantitative driven US enhanced index mandate – the first of its kind to be implemented by a UK local authority.
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Aberdeen cancels sale of property arm
UK – Aberdeen Asset Management has announced it will not sell Aberdeen Property Investors to British Land Co. and that it will retaining the business.
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French reserve fund tenders mandates
FRANCE – The Fonds de Reserve pour les Retraites has now put out to tender the mandates for the entire 16 billion-euro retirement reserve fund.
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Water scheme awards SSGA passive mandate
UK – The 300 million-pound (426.7 million euro) Water Companies Pension Scheme has appointed State Street Global Advisors to manage over two-thirds of its assets.
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Hackney seeks actuary and property manager
UK – The London borough of Hackney is looking for an actuarial consultant and a property fund manager for its 340 million-pound (486 million euro) pension fund.
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Higham Black Mountain names senior actuary
UK – Higham Black Mountain is expanding its pension administration and consultancy services with the addition of Paul Jayson.
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Institute blasts failure of German Riester reform
GERMANY – “The Riester reform has failed” and “Germans must save more” – this is the message from the German Institute for Retirement Provision.
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Jupiter under scrutiny in Somerset revamp
UK – Somerset County Council’s 600 million pound (855 million euro) pension fund has put out two tenders for a UK bond mandate and a UK property manager of managers mandate following an overhaul of its investment strategy.
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Call for change in cross-border pension rules
EUROPE – Cross-border pensions rules should be changed -and soon - says accountants and business advisory firm Mazars.
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Morley wins E2.9bn in new mandates
UK – Morley Fund Management has won two billion pounds (2.9 billion euros) of new external mandates this year so far – up one billion pounds on the same period last year.
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SGAM UK reshuffles institutional marketing
UK – Societe Generale Asset Management UK has announced a further restructuring and the departure of a handful of fund managers.
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Belgacom names four global equities managers
BELGIUM – The 3.3 billion-euro pension fund for telecoms operator Belgacom has appointed four managers to run a new international equity portfolio.
