All articles by Hugh Wheelan – Page 16
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News
Accord reached on Finnish pension reforms
FINLAND – 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 exact nature and timing of some of the proposed reforms....
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Ray Martin new Scottish & Newcastle pensions chief
UK/FRANCE - Ray Martin, the former vice chairman of the European Federation for Retirement Provision (EFRP) and former chairman of the UK National Association of Pension Funds (NAPF) benefits committee, is to return to a senior UK pensions position on February 1 next year, as group head of pensions and ...
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Pioneer Investments beefs up European team
US investment fund house, Pioneer Investments, has added a further member to its European team with the appointment of Marie-Laure Haley as vice president – global relationships....
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Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
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Finnish social partners in last ditch pension plan
FINLAND – Finnish employers and trade unions have until Monday (November 12) to reach agreement on structural changes to the country’s first pillar pensions system, before the government steps in to take action....
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Pioneer lands Fidelity's Kremer as Germany manager
GERMANY – US investment fund house, Pioneer Investments, has lured Dominik Kremer from Fidelity to become the new general manager for the firm’s German office in Munich......
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Europe gets a thousand new CFA affiliates
EUROPE/GLOBAL – Over a thousand European investment professionals have passed the Association for Investment Management & Research’s (AIMR) CFA charter exam out of a total of more than 6,000 new affiliates worldwide....
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New EU report on Europe's pension demographics
EUROPE – A European report re-examining the demographic outlook for the continent and the budgetary impact of ageing populations on its pension systems in the future has been presented to the European Council of Economics and Finance Ministers (ECOFIN), as part of the European consultation process on pensions....
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Hermes chief slams private equity industry
UK/EUROPE – 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....
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AMF Pensions gets GIPS accreditation
SWEDEN - AMF Pensions has become the latest Swedish investment outfit to gain accreditation under GIPS – the global investment performance standards....
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USF/MAM trial focuses on new management agreement
UK – The High Court trial between the Unilever Superannuation Fund (USF) and Merrill Lynch Investment Managers (MLIM), today (November 8) honed in on the period immediately before and after the establishment of the new investment management agreement (IMA), with MLIM chief operating officer (COO) Carol Galley continuing to be ...
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Mercer and Attica launch one-stop pensions product
UK – Consultant William M.Mercer has teamed up with multi-manager outfit Attica Asset management to launch a new investment service, Mercer 360, for smaller defined benefit (DB) pension plans in the UK....
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SEC seeks comments on introduction of active ETFs
US - The Securities and Exchange Commission (SEC) has issued a discussion document seeking public comment on the introduction of actively managed exchange-traded funds (ETFs).....
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JLT wins consulting brief at Leek United
Jardine Lloyd Thompson (JLT) has been appointed to provide actuarial, consulting and administration services to the Leek United Building Society pension and assurance scheme....
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EMAC votes unanimously on pensions tax report
EUROPE - 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 European Commission’s proposal for a communication on ...
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Parliament could save EIORP pension project
EUROPE – The European Parliament could throw a lifeline to the proposals of the European Federation for Retirement Provision (EFRP) for its tax neutral pan-European occupational pensions framework – the EIORP – by amending it to become a European ‘statute’ for pensions – similar to that used by European companies ...
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Gartmore enters Italian market with Meotti hire
ITALY – UK fund management house, Gartmore, has moved into the Italian market with the opening of an office in Milan and the appointment of former ING Italian institutional chief, Nicola Meotti, as country manager....
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EFRP initiates pan-European pensions pilot project
EUROPE - The European Federation for Retirement Provision (EFRP) has set up a working party with representatives from the UK, Holland and Ireland in a bid to launch a pilot project for pan-European pension funds, following its disappointment that the association’s EIORP cross-border pensions concept was rejected by last month’s ...
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Belgian association presses government on new law
BELGIUM – The Belgian Association of Pension Funds (BAPF) has made its final overtures to representatives of the Belgian government prior to the introduction of the new Vandenbroucke law on sector pension plans, laying out its problems with the draft legislation in a bid to have a number of elements ...
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USF £600m fund was run by 27 year old, court told
UK – Alistair Lennard, one of the fund managers at the centre of the Merrill Lynch/Unilever high court case, was just 27 years old with three years experience as a fund manager and a “hunger for success”, when he took on responsibility for around £600m in UK equities for the ...
