All articles by Julie Henderson – Page 7
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News
iShares refutes Watson Wyatt caution over ETFs (amended)
[16:35 CET 09-12] GLOBAL – Global ETF provider iShares has hit back at claims by consultancy firm Watson Wyatt suggesting ETFs are in most cases an unattractive investment for most institutional investors, and argued the pricing of products is in many cases equal to that of passive index investments.
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Wednesday people roundup
[14:00 CET 09-12] GLOBAL – Finansinspektionen, New Finance Capital, Cheyne Capital, BNY Mellon, Hermes, PensionsFirst, Finance Capital Partners, Invista Real Estate
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G4S pension to get fiduciary management treatment
[16:15 CET 08-12] UK – Trustees of the G4S pension schemes have appointed Cardano UK to deliver its version of fiduciary management, known as Solvency Management, to the GSL part of its pension arrangements.
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Neste Oil to transfer pension to Ilmarinen
[15:00 CET 08-12] FINLAND – The Neste Oil pension fund is employing its larger pensions colleague Ilmarinen Mutual Pensions Insurance Company to manage its statutory occupational pensions and portfolio from next year.
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Strathclyde drops bonds managers for absolute returns
[16:10 CET 07-12] UK – Glasgow City Council has replaced incumbent managers Henderson New Star and Western Asset Managers as holders of the Strathclyde Pension Fund’s bonds contracts, in favour of two new managers with absolute returns bond mandates.
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Towers Watson merger gains EC clearance
[16:00 CET 04-12] GLOBAL – Towers Perrin and Watson Wyatt have been given the final regulatory clearance needed to go ahead with merger plans from the beginning of next year.
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Frigerio to step down as head of Pioneer
[13:00 CET 03-12] EUROPE – Unicredit Group is preparing to name a new chief executive at Pioneer Investments, its asset management division, over the coming days as Dario Frigerio is leaving in January.
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BlackRock completes BGI takeover
[16:30 CET 02-12] GLOBAL – BlackRock has finally completed the deal to buy Barclays Global Investors (BGI) and ETF provider iShares from Barclays Group, making it the largest asset manager in the world.
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State Street acquires Mourant to build alternatives presence
[16:00 CET 02-12] GLOBAL – State Street Corporation has made a fresh move to build its presence in the global administration market and acquired alternative investments fund administrator Mourant International Finance Administration (MIFA) in a cash deal.
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PFA expands into Danish retail pensions
[16:55 CET 01-12] DENMARK – Danish occupational pension provider PFA Pension has taken its first step into the retail pensions market, and linked up with Danish local and regional savings banks to provide private pensions.
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Ofcom review questions BT pension holidays
[16:40 CET 01-12] UK – Ofcom, the UK regulator of the communications industry, has questioned the role of pension contribution holidays taken by BT in the 1990s, as part of a consultation to assess whether other telecoms firms should now help plug the BT Pension Scheme deficit.
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IASB corrects 'unintended consequences' of IFRIC 14
[15:15 CET 01-12] GLOBAL – The International Accounting Standards Board (IASB) has corrected earlier wording to its IFRIC 14 pensions accounting rules, which prevented some companies from recognising early pensions contribution payments as assets on the balance sheet.
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LCP study confirms wide variances in discount rates
[16:45 CET 26-11] EUROPE - The discount rates used by some of the world’s largest listed companies varied wildly last year when measuring the value of their European pension funds for accounting purposes, according to a report by Lane Clark & Peacock.
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Fiduciary management to evolve as 'risk will be the new return'
[15:15 CET 26-11] GLOBAL - Fiduciary management is entering a “post-product” era with the creation of bespoke, unbundled services for pension funds, and assets managers will win “the fiduciary turf war” in the battle for business, according to a report on the fiduciary management market.
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Wednesday people roundup
[17:05 CET 25-11] GLOBAL – ING IM Europe, Lane Clark & Peacock, Hewitt Associates, Vanguard Group, MSCI, SWIP, Armstrong IM, Russell Investments, PensionsFirst Analytics, Insparo, Corestate
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Definition crucial to French pensions review
[15:45 CET 25-11] FRANCE – The French government has begun to assess its pensions regime ahead of an official review in 2010. But one pensions industry official involved in discussions says there can only be development of the pensions regime if the government can define what a pensions vehicle is.
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Aberdeen to take on Bramdean alternatives (amended)
[13:30 CET 25-11] UK – The Hampshire local authority pension fund will see some of its alternative investment mandates managed by Aberdeen Asset Management in the near future, as former supplier Bramdean Alternatives has signed a deal to hand over control.
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Responsible investment 'to be key to pensions'
[15:00 CET 19-11] EUROPE – The concept of responsible investment is likely to become a component of European pension fund strategy in the long term providing investors can better define what criteria they wish to apply to the investment strategy, according to a pensions expert.
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Crisis allows Invensys to renegotiate terms
[14:30 CET 19-11] EUROPE – Pension funds should use the current financial pressures to renegotiate the terms, conditions and pricing with every service provider and contract they engage in, according to the UK’s Invensys pension plan. This would help them to improve their financial positions and raise the level of ...
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EFRP head praises pensions supervisors for crisis management
[15:00 CET 18-11] EUROPE – Chris Verhaegen, secretary-general of the European Federation of Pension Funds, has praised the reaction of European regulatory supervisors as playing a key role in the assistance of pension funds during the recent financial crisis.