All articles by IPE staff – Page 49
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News
Europe happier than UK over stock exchanges
EUROPE /UK - Stock exchanges seem to be better regarded in Continental Europe than they are in the UK, according to a recent survey of opinion, entitled “Improving Trading Efficiency In European Equity Markets” amongst European broker-dealers and institutions, published by London-based Westminster and City Programmes....
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FTSE announces new mediscience index
UK – FTSE has announced the creation of a new index, FTSE techMARK mediscience, designed to reflect the market performance of growth companies listed on the London Stock Exchange’s (LSE) new market, techMARK mediscience....
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Features
Kottmann quits
Felix Kottmann has left leading Swiss consultant Complementa after nine years with the St Gallen-based firm to become an independent consultant to a number of Swiss pension funds and, more directly, the retirement schemes of the troubled Swissair group. Kottmann, who was a member of the executive committee, says: “After ...
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Features
Governance: for the people but not by the people?
In this month’s Off The Record we broach the subject of pension fund corporate governance (PFG) and ask whether schemes need to get their house in order and if so how can it be done. PFG has been described as asking: “Is the business being done properly?” and, happily, Off ...
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News
Country 'leaders' named in European pension awards
EUROPE – The first ever pan-European awards to recognise pension scheme excellence in investment and fund structure/administration has reached its preliminary stages by naming the ‘Country Leaders’ in each category before they go ahead to a glittering Brussels ceremony to find the continent’s most professional funds....
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Deutsche runs European pensions roadshow
EUROPE – Deutsche Asset Management (DeAM) is to hold a series of investment conferences for institutional investors across Europe later this month...
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Growth managers struggle to match benchmarks
UK – Growth fund managers were severely tested by market volatility during the 12 months to August 1, with both mainstream and small cap funds struggling to match their respective benchmarks, according to the latest report from Standard & Poor’s....
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Watsons pulls in new HR consultants from industry
UK – Watson Wyatt has boosted its eHR consulting team with the appointment of two new consultants from industry, Ranbir Heyre from Microsoft and Guy Riches from Infinium Software....
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News
JP Morgan picks up Queen's award for enterprise
UK - JPMorgan Investor Services has picked up the coveted Queen’s Award for Enterprise in International Trade 2001 for its global processing hub in Bournemouth, England – the first such honour to be bestowed upon the investor services business....
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News
Gartmore launches new venture fund
UK - Gartmore Investment has launched a new Venture Capital Trust (VCT), the Gartmore Premier VCT PLC....
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Moessle elected to head European AM association
EUROPE – The European Asset Management Association (EAMA) has elected Klaus Moessle of Deutsche Asset Management in Frankfurt as its president....
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News
Novartis fund sells property in strategy shift
SWITZERLAND – The SFr17.5bn pension fund of pharmaceutical giant Novartis, has sold around 100 buildings in its property portfolio to Credit Suisse Asset Management (CSAM) in a change of strategy that will see the fund concentrate its real estate portfolio on indirect investment through Credit Suisse....
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Features
A well-constructed system
The Icelandic old age pension system is composed of a tax-financed public pension scheme and mandatory funded occupational pension schemes, mostly run by private pension funds governed jointly by the partners in the labour market. The public pension scheme pays a basic pension from the age of 67 and a ...
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Features
The year of the switchover
The national supplementary pension scheme, introduced in 1960, is from this year successively replaced by a new old age pensions system decided by the Riksdag in 1998. Those born in 1937 and earlier will receive a supplementary pension according to the old rules. Those born between 1938 and 1953 will ...
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Features
Wide-ranging review under way
In Finland, the provision of statutory employment pension cover in the private sector has been designated to private pension institutions. The types of competing pension institutions are pension foundations, pension funds and employment pension insurance companies. Additionally, the employment pension insurance companies compete with each other for clients. Objectives ...