All articles by Hugh Wheelan – Page 14
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Features
Optimism on tax progress
The European Parliament committee on economic and monetary affairs (EMAC), has unanimously voted in favour of the adoption of the draft report on taxation of occupational pensions by Dutch socialist MEP, Ieke van den Burg – throwing its weight behind the EC’s proposal for a communication on the fiscal treatment ...
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Features
Making EIORPs a practical issue
When the ECOFIN council of European finance ministers rejected the European Federation of Retirement Provision’s (EFRP’s) ’EIORP’ (European Institution for Occupational Retirement Provision) pan-European pensions vehicle in October, the sighs from the EFRP’s Brussels headquarters were audible around Europe. Here was a vehicle that appeared to fit all the necessary ...
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Features
Optimist at helm of EFRP
Alan Pickering, the new chairman of the European Federation of Retirement Provision (EFRP) and a former chair of the UK National Association of Pension Funds (NAPF) has been around long enough to know a pensions scare story when he hears it. His role at the EFRP confronts him directly with ...
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Features
Finnish unions reach last-ditch deal
Finnish labour organisations have reached a last-ditch agreement on reform of the country’s first-pillar TEL pensions system, although some confusion remains as to the nature and timing of some of the reforms. The Finnish government had threatened Finnish social partners that if they could not agree on the changes to ...
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Features
Boots kicks shares into touch
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m a year in management fees. In a letter to pension ...
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Features
More ‘humility’ please
Alistair Ross Goobey, the chief executive of Hermes Pensions Management has warned the private equity industry that it needs to cultivate a little more “humility” in its claims of outperformance, arguing that managers have confused a prolonged bull market with genius. Speaking at the Superinvestor 2001 conference in Paris last ...
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News
Schroders appoints Germany/Austria country head
GERMANY/AUSTRIA – Schroder Investment Management has poached Martin Theisinger, the former head of European sales at JP Morgan Fleming Asset Management, to become its head of institutional sales and country head of asset management in Germany and Austria....
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News
DeAM names new European institutional sales head
EUROPE - Deutsche Asset Management (DeAM) has appointed Andreas Varnavides as Head of European Institutional Sales following the resignation of Mark Scott from the position....
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News
Trafalgar launch low risk institutional hedge fund
UK - Trafalgar capital management, the London-based fund management firm, has received IMRO authorisation and launched its first global hedge fund, the Trafalgar Fund with an expected cap of $40m, which it is set to roll out to institutional investors in early 2002....
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News
Mellon buys out PwC HR consulting subsidiary
US - Mellon Financial Corporation and PricewaterhouseCoopers (PwC) today announced a $275m (e309m) all cash deal under which Mellon will acquire the human resources outsourcing and consulting businesses of Unifi Network, a PwC subsidiary – a move that makes Mellon the fourth-largest global provider of human resources consulting/administration services....
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News
RBC names new UK operations director
UK/CANADA - RBC global services, institutional & investor services (IIS) - Canada's largest custodian and a provider of securities services worldwide - has appointed Simon Coleman as its director of operations in the UK....
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News
Morley lures Dresdner chief for European COO slot
EUROPE - Morley Fund Management (Morley) has lured Nick Alford from Dresdner RCM to become the group’s new European chief operating officer (COO)....
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News
Belgacom & Diageo among IPE award winners
EUROPEAN SPECIAL – Belgacom, the €3.5bn pension fund for the Belgian telecommunications group and the UK’s Diageo, the €5.2bn scheme of the global drinks firm, were heralded as the first ever European winners for Fund Structure and Administration at the inaugural IPE-Awards ceremony for pension fund excellence held in Brussels ...
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News
ABP and VKG/CPM win first IPE investment award
EUROPEAN SPECIAL – ABP, the €148bn Dutch civil service pension fund and VKG/CPM, the €520m Belgian pension fund for doctors, dentists and pharmacists, were named as the European winners for Investment Strategy at the first ever IPE-Awards ceremony for pension fund excellence, held in Brussels last night (November 27).
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News
Instinet adds European credit product trading
EUROPE – Electronic brokerage agency, Instinet, is expanding its fixed income electronic trading capabilities to include credit products in Europe, in a bid to reflect the rise in issuance and trading in euro denominated products over the past two years.....
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News
Northern Trust poaches senior Citigroup consultant
EUROPE - Northern Trust Global Investments (Europe) has hired Lucy Cooke from Citigroup Asset Management to become a senior institutional relationship consultant....
