All articles by Meagan Rees – Page 17
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News
Staffordshire appoints seven new managers
UK – The £1.8bn (€2.6bn) Staffordshire County Council Pension Fund has appointed six new equity managers and one bond manager following a management shake-up and structure review.
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News
Mercer warns on private equity returns
GLOBAL – Private equity investors should prepare for possible lower returns due to a lack of top-tier private equity fund managers and increasing institutional inflows, says Mercer Investment Consulting.
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News
Four firms in French DC venture
FRANCE – Four of France’s biggest asset managers – AXA France, BNP Paribas, HSBC France and Société Générale – have established a joint venture to administer roughly four million employee defined contribution accounts.
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News
Hewitt international chief Morgan retires
UK - Peter Morgan, chief of Hewitt’s international actuarial and benefits team, has retired after more than 30 years.
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News
FTSE deficits fall by €16bn - Watson
UK – FTSE 100 pension deficits were slashed by £11bn (€16bn) in two weeks at the end of January, while according to FRS17 accounting standards, deficits increased by £6bn for the whole of last month, said Watson Wyatt.
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News
Shell facing costs from Dutch funds’ action
GLOBAL – Oil giant Shell today says the two class actions brought against it by Dutch pension schemes and German and Luxembourg institutions could dent its earnings significantly.
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News
Shake-up at UK government actuary department
UK – The Government Actuary’s Department’s roughly £1m (€1.5m) national population projections arm has been transferred to the Office for National Statistics (ONS) following recommendations in the Morris Review released in March 2005.
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News
London pension fund gets new board members
UK – London Mayor Ken Livingstone has appointed former Insight Investment CIO Michael Deakin, and retired Deloitte & Touche director Icky Iqbal to the board of the £3bn (€4.4bn) London Pension Fund Authority (LPFA).
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News
UK mulls permanent pension review body
UK – The Department for Work and Pensions has not ruled out the possibility of establishing a more permanent pensions review body following the closure of the independent Pensions Commission.
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News
Luxembourg study finds pension funding gap
LUXEMBOURG – The IMF has thrown its support behind the findings of a recent government actuarial study, which states that according to current trends a substantial funding gap is opening up and threatening the pensions of people aged 40 and under.
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Features
Closing days of DB schemes
Spiralling costs, regulatory obligations and longevity are among the critical factors putting final salary pension schemes on the proverbial chopping block. Recently, the £2.4bn (€3.5bn) ScottishPower pension fund joined the ranks of Rentokil, Philip Green’s Arcadia retail group and the Co-operative Group, after proposing to shut the doors of its ...
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News
Environment Agency tenders €658m (updated)
UK – The roughly £1.3bn Environment Agency Pension Fund has put two mandates out to tender amounting to £450m (€658m). (Updated with new information)
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News
Global pension assets rise 17% - Watson Wyatt
GLOBAL – Pension fund assets in 11 major markets increased by 17% in 2005 - outpacing liabilities and amounting to total assets of $16.4trn (€13.6trn), according to global research by Watson Wyatt Investment Consulting.
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News
Shell Pension’s Morgan joins F&C
UK – F&C Asset Management has appointed former Shell Pension Management Services manager Gareth Morgan to the position of fund manager in its emerging equities team.
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News
Korea seeks to arrest ex-Hermes fund manager
KOREA – An arrest warrant has been issued by the South Korean prosecuting authorities for former Hermes Investment Management fund manager Robert Clements, who has left the country.
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News
Merseyside scheme taps Mercer for advice
UK – The £3.6bn (€5.25bn) Merseyside Pension Fund has re-awarded two actuarial and investment advice contracts to Mercer Human Resource Consulting following a competitive tendering process.
