All articles by Hugh Wheelan – Page 40
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News
S&P awards AAA rating to Atlantis small cap fund
Ratings agency Standard & Poor’s (S&P) has given its first AAA grade to a Korean fund, awarding the top rating to the Atlantis Korean Smaller Companies Fund...
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News
POSIT bumps up daily crossing rate
EUROPE - POSIT, the European intra-day crossing system for institutional investors is to increase the number of matches it operates per day from four to six...
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News
Schroders to break down Chinese walls
UK/CHINA – UK investment management group Schroders is to forge a strategic partnership with China Galaxy Securities Company in a bid to further develop its fund management business in mainland China...
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News
SEI up and running with first UK mandate
SEI, the US multi-manager firm has picked up its first UK institutional investment mandate since setting up its London operations...
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News
Union puts faith in sustainable investment
GERMANY – Union Investment, the funds arm of Germany’s ‘genossenschaftlicher finanzvervund’ (association of cooperative financial institutions) has entered into agreement with the country’s 11 church banks (Banken für Kirche Caritas and Diakonie) to launch two new sustainable investment funds...
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News
Bolkestein to dilute taxation plans for directive
EUROPE – The European Parliament rapporteur for the taxation element of the European directive on occupational pensions – Dutch MEP Ieke van den Burg (European socialist party) – has told IPE-Newsline that European Commissioner Frits Bolkestein looks set to water down plans for a legally binding directive in favour of ...
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News
AXA appoints head of German institutional sales
GERMANY - Alexandra von Kalnein has been appointed as head of German institutional sales at AXA Asset Managers...
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News
UK government to scrap MFR
UK – Chancellor of the Exchequer, Gordon Brown, today (Mar 7) accepted the recommendations of the Myners report on institutional investing in his budget speech to the House of Commons and pledged to scrap the UK’s minimum funding requirement (MFR) for pension funds.
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News
Swiss to amend pension age anomaly
SWITZERLAND - The Swiss government is preparing to rectify an anomaly in retirement ages between the country’s first and second pension pillars, which has pushed women into retirement with inadequate benefits to live on....
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News
Myners: Commission charges must go
Investment managers should include costs such as outsourced broker research in their fees to pension funds and not through hidden commission charges, according to recommendations in the Myners report on institutional investing...
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News
Myners: Schemes could boost consultancy market
Paul Myners has cleared the UK consultancy market of accusations of serious competition concerns, but recommended that pension funds split actuarial and investment advice contracts to bring more players into the country’s restricted advisory market....
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News
Myners: Trustees should be paid
The long-awaited Myners report on UK institutional investment has called for pension fund trustees to be paid as part of a drive towards greater professionalisation...
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News
Irish scheme worries are fuelling manager reviews
Irish pension fund concerns over uncertainty in domestic and European legislation and regulation are being expressed through increasing manager reviews, according to a new survey...
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News
Marlborough Sterling floats expansion plans
UK – Pensions software and service provider Marlborough Sterling is to seek a flotation this spring on the London Stock Exchange in a move it hopes will fund expansion of its DC administration systems in the UK and Europe...
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Features
PMA goes multi-manager
The Dfl1.6bn (e726m) PMA (Pensionfonds Medewerkers Apotheken) pension fund for Dutch pharmacists, based in The Hague, has outsourced almost its entire investment portfolio through an extensive multi-manager structure. The new multi-manager arrangement has resulted in the appointment of a slew of investment managers to various segregated and mutual fund briefs ...
