All articles by Hugh Wheelan – Page 44
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News
Swedish kommun takes on foreign equity managers
Sweden - The SEK100m Swedish kommun of Partille has selected Carlson Investment Management and Länsförsäkringar Wasa to Swedish balanced mandates of SEK40m each and pulled in overseas managers Fidelity and Indocam to manage SEK10m apiece in global equity funds.
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Handelsbanken takes top spot after SPP life swoop
Sweden’s Handelsbanken has bought the life and insurance business of competing mutual insurance company SPP in a deal worth SEK7.1bn (e815m) – a move which sees it overtake rivals to become the largest commercial bank in the country’s occupational pensions sector.
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Allied Irish gets GIPS go ahead
IRELAND - Allied Irish Bank’s fund management house, AIB Investment Managers (AIBIM), has become one of the first Irish managers to be certified GIPS (Global Investment Performance Standards) compliant.
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EDF charges up PIMCO and AGF
Paris based Eléctricité de France (EDF) – the French electricity provider - has selected Pimco Global Advisers and AGF Asset Management – both under the new Allianz PIMCO Asset Management grouping - to jointly run a significant global bond mandate worth tens of millions of euros.
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Vesting period to be cut in two
GERMANY - The country's prohibitive ten year pension vesting period is to be cut in half under proposals being considered by the government ahead of next year’s pension reforms.
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Russell pushes $600m PIMCO's way
UK - Frank Russell has selected PIMCO Global Advisors to manage a further $600m (e674m) portion of its global bond fund range within the group’s multi-manager investment structure
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News
Ireland puts away IR£6bn for the future
IRELAND - The green light has been given to Ireland's National Pension Reserve Fund, which should see upwards of IR£6bn pumped into its coffers by the year end. RFPs for external mandates could be requested as early as February.....
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Insurers go to court over pensions cross-selling
NETHERLANDS - The Dutch parliament is set to rule next week whether industry-wide pension schemes should sell individual social benefits to scheme members – in a case being fiercely challenged by the insurance lobby in the courts.
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Martin flies south this winter
Ray Martin, former vice chairman of the European Federation for Retirement Provision (EFRP) is taking up a new position as vice president of compensation and benefits at Airbus Industrie, Toulouse, in the south of France.
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Socialists call for separate pensions directives
EUROPE - The European parliament should introduce two supplementary pensions directives, says Wilfried Kuckelkorn - rapporteur for the parliament’s socialist party