All articles by Hugh Wheelan – Page 41
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Features
Wise men recommend four-pronged approach
A four-pronged approach to regulation of European securities markets should be adopted by Europe’s policymakers if barriers of “Kafkaesque inefficiency” to financial market development are to be broken down, says the final report from the Committee of Wise Men, chaired by Alexandre Lamfalussy, on the regulation of European Securities Markets. ...
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News
Lamfalussy reports on securities market reforms
EUROPE - A four pronged approach to regulation of European securities markets should be adopted by Europe’s policymakers if barriers of “Kafkaesque inefficiency” to financial market development are to be broken down, says the final report from the Committee of Wise Men, chaired by Alexandre Lamfalussy....
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French social partners to fuse ARRCO and AGIRC
FRANCE - The standoff between the French federation of employers (MEDEF) and the country’s unions, over reform of the state social security system has ended, with the two sides drafting proposals that look set to lead to the amalgamation of AGIRC and ARRCO, France’s complimentary pension organisations....
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News
Volkswagen to fund German group pensions
GERMANY - The Wolfsburg based automobile group Volkswagen is creating a pension fund for its 80,000 plus employees, which will see an initial transfer from its current book reserve provisions of more than DM160m (e82m)….
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News
Kempen builds on property expertise by buying GPR
NETHERLANDS – Amsterdam based merchant bank Kempen & Co has acquired Dutch property specialist Global Property Research (GPR) – noted for its publication of indices for investors, investment funds and intermediaries...
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News
Goldman bags Hendriks in European marketing revamp
EUROPE - Goldman Sachs Asset Management has appointed Ruud Hendriks – a former senior vice president at Robeco Institutional Asset Management in the Netherlands – to head up institutional marketing in continental Europe – as part of a move which will see the group split its European marketing efforts into ...
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News
BAM launches five sector fund following research
UK – Baring Asset Management (BAM) has launched a ‘five sector’ fund, which will invest in companies across five global sectors that the company believes offer strong opportunities for growth....
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News
Dow Jones expands Titans to global sectors
Index provider Dow Jones has launched a series of global sector-based blue-chip indices designed to allow investors to target the world’s biggest and best-known companies in eighteen market sectors....
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News
DC growth slower than predicted, says report
Worldwide growth in defined contribution (DC) pension plans has been slower than industry predictions and may continue in the same vein, according to a survey by investment consultants InterSec Research....
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News
DC risks need better explanation
US/UK - Regulators in the US and UK should be focusing their efforts on providing ‘efficient explanations’ of the risks associated with individual investment options under defined contribution (DC) pension plans, according to a report by David Harris, a senior consultant on insurance and financial services at Watson Wyatt....
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News
Belgian funds post flat returns for 2000
BELGIUM - Belgian pension funds last year recorded a flat rate of return, with figures just above zero, according to a preliminary survey by the Belgian Association of Pension Funds (BAPF)....
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News
Old Mutual to close UAM Dutch office
NETHERLANDS - Old Mutual is to close the United Asset Management (UAM) office in the Netherlands that it inherited following last September’s buy-out of UAM....
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SSgA to launch range of MSCI based European ETFs
State Street Global Advisors (SSgA) is set to launch a range of European country, regional and sector exchange traded funds (ETFs) based on MSCI indices...
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News
Unilever pensions chief slams EU directive
EUROPE - The open hearing of the European Economic and Monetary Affairs Committee (EMAC) in Brussels on February 6, brought controversy as a leading European pension fund manager suggested the draft directive of the European Commission had been hijacked by insurance companies and that no directive might be preferable to ...
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News
Karas calls for March resolution on directive
Othmar Karas, Austrian MEP and rapporteur for the European Parliament on the occupational pensions directive has called for a March 22 motion for resolution on the legislation, which he expects to be followed by a plenary vote in the Parliament in May...
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News
Government gives guarantee on sector pension funds
BELGIUM - In a last minute compromise the Belgian government has finally set out the framework for sector-wide pension funds - comprising a five year inflation linked guarantee with a 3.25% career smoothed rate thereafter...
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News
VKG selects MFS for US growth push
BELGIUM - Brussels based e515m VKG/CPM pension fund for Belgian doctors, dentists and pharmacists has appointed MFS International to manage a US equity mid-cap growth mandate...
