All articles by Helen Avery – Page 55
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BP chooses Innovest for sustainability
UK/US - BP Investments, the investment arm of British Petroleum’s £13bn (€20.6bn) pension fund, has appointed Innovest Strategic Value Advisors to provide company and industry sustainability research
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Aon's multi-manager targets smaller pension funds
UK - Aon Consulting, UK-based investment consultant, has appointed 13 investment managers for its new multi-manager operation, aimed at small and medium-sized UK pension funds.
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A third of Europe's VCs to disappear
EUROPE - European venture capital firms expect to generate net returns of around 17% per annum over the next five years, according to a survey conducted by AltAssets, private equity information company, but the sector could see the disappearance of nearly one third of existing players.
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Massive e102bn losses for FTSE 100 schemes
UK - FTSE 100 companies’ pension schemes have lost £63bn (e102bn) since the start of the year taking their overall pension fund deficits to £59bn (e94bn), according to research carried out by actuarial consultant UBSL. The figures greatly exceed other recent estimates.
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Conservatives hit at Labour's pensions 'red tape'
UK – The Conservative Party has attacked the Labour government’s handling of the UK pensions crisis and proposes a reform of annuities, and a reduction in the red tape on pension funds.
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NAPF sets pension fund reform agenda
UK - The National Association for Pension Funds (NAPF) has announced radical new proposals for pension reform in the UK, which it intends to put to the government. The proposals focus on simplifying the UK pensions market, boosting incomes for the poorest pensioners, removing barriers to workplace pension provision, and ...
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UK scheme returns of 7% 'the norm' for next decade
UK - Occupational schemes in the UK are expected to see returns of only around 7% over the next 10 years, say Barclays Global Investors (BGI).
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WestAM boosts emerging markets team
UK - WestAM, asset management arm of Westdeutsche Landesbank, is bolstering its global emerging markets team in London with the addition of Richard Fairgreave, Jose Morales and Brian Deacon.
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Mercers claims DC management practices are lacking
GLOBAL- Management practices in defined contribution retirement schemes are not meeting employer and employee expectations according to a global survey conducted by Mercer Global Human Resource Consulting.
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Utility sale set to shake up pensions arrangements
FRANCE- The privatisation of France’s utilities, Electricite de France (EdF) and Gaz de France (GdF) could have a dramatic impact on French energy industry's pensions system.
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Rabeau replaces Deheuvels as AXA CIO
FRANCE- AXA Investment Managers in Paris has promoted Christian Rabeau, its head of asset allocation, to the position of chief investment officer following the departure of Thierry Deheuvels.
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Invesco names new institutional marketing director
UK- INVESCO has appointed Patricia O’Loughlin as institutional marketing director, taking over from Jeff Attfield who retired in September after 19 years with the company.
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TIAA-CREF and CalPERS to challenge executive pay
US- Two of the world's largest pension funds, TIAA-CREF and CalPERS, are planning to target companies that offer over-generous pay schemes, and to request changes from their boards.
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Northern Trust Ireland names fund services head
IRELAND- Northern Trust Ireland, the funds services division for Northern Trust, has appointed Peter Jordan as managing director. Jordan will assume the position on 28th October, and will additionally retain his current title of senior vice president at Northern Trust.
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Henderson to open up in Switzerland
SWITZERLAND- Henderson Global Investors has opened an office in Zurich from which it will promote its retail and institutional products and services.
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Hermes beefs up its corporate governance team
UK- UK fund manager Hermes has stepped up its commitment to corporate governance and shareholder engagement by adding to the two teams, and by creating a corporate governance board.
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E.ON picks Activest as master-KAG
GERMANY- Activest, investment group of HypoVereinsbank, has been appointed as head investment services provider (Master-KAG) for E.ON Energie’s spezialfonds.
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T Rowe Price set to open in Sweden
SWEDEN- T Rowe Price, US asset management firm, is considering opening an office in Stockholm as it continues its push into the Nordic regions. Managing director, Thomas Pederson says, market condition permitting, they will make a final decision in the next six months.
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AP3 issues e406m US equity mandate
SWEDEN- AP3, the SKr 126bn (€13.9bn) third Swedish National Pension Fund, has put out to tender an active US small/mid cap equity mandate which is expected to be up to $400m (e406m).
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German institutions slash equity holdings to 19%
GERMANY- German institutions have decreased their asset allocation to European stocks from an aggregate 27% to 19% over the last two years, according to a survey by US-based consultants, Greenwich Associates.