All articles by Meagan Rees – Page 20
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News
UK asset management jobs set to rise - CBI
UK – Bullish expectations mean employment numbers across the fund management industry look set to increase even further in the next quarter, according to the CBI and PricewaterhouseCoopers quarterly Financial Services Survey.
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News
MN Services names Mutsaers to board
NETHERLANDS – Dutch fiduciary manager MN Services has appointed Walter Mutsaers to its management board from 1 February 2006.
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News
Nestlé fund axes Capital International
IRELAND – Robusta, the vehicle for Nestlé’s small to medium sized investments, has replaced investment managers Capital International and Dresdner RCM Global Investors Asia with Alliance Capital Management.
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News
Berkemeijer takes top role at Mercer Netherlands
NETHERLANDS – Jos Berkemeijer, Mercer Human Resource Consulting Netherlands’ commercial director, has been appointed chairman to replace Frank Verschuren.
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News
IBM US pension freeze prompts UK fears
UK - Members of IBM’s UK pension fund may be fearing for their own plan after the computer giant's decision to freeze its US defined benefit plan, a pensioner representative has said.
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News
Renamed Norwegian fund excludes seven firms
NORWAY – Boeing and BAE Systems are among seven companies excluded from Norway’s NOK1.28trn (€161.3bn) Government Pension Fund (formerly the Petroleum Fund) by the Norwegian Finance Ministry due to their involvement in the production of nuclear weapons.
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News
Managers, strategy under scrutiny at Co-Op
UK – The Co-operative Group’s decision to shut its final salary scheme and create a single £4.7bn (€6.8bn) career-average salary fund will put both investment strategy and fund managers under review if trustees formally approve the change.
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News
PKA’s Gunnergaard to set up consulting firm
DENMARK – Troels Gunnergaard, the head of property investment at Pensionskassernes Administration (PKA), has resigned to establish his own consulting firm, Gunnergaard Consult.
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News
PGGM’s Prins takes over at OPF
NETHERLANDS – Frans Prins, public affairs director at health care scheme PGGM, has been appointed as the new director of the Dutch company pension fund association OPF.
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News
Bexley set for private equity, hedge fund tender
UK – The £360m (€525.5m) Bexley Council Pension Fund will launch a tendering process in the next week for its first private equity and hedge fund mandates amounting to 5% of the scheme’s assets.
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News
Vanguard committed to Europe despite departures
NETHERLANDS – Vanguard said it remains committed to its European institutional business despite a number of executive departures.
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News
State Street last in R&M trustee survey
UK – State Street has retained last place for the third successive year in the R&M UK Depository/Trustee Survey 2005 for unit trust and OEIC managers, and unit holders.
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Features
Word on the street
Secretary of state for work and pensions John Hutton said it was an “important milestone towards a lasting pensions settlement”. “Put quite simply, we can not go on as we are. But it is also vital that we get reform right for future generations, and we are determined to reach ...
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News
Saab AB sets up €265m pension fund
SWEDEN – The board of aviation firm Saab AB has approved the allocation of roughly SEK2.5bn (€265m) to a new pension fund, the Saab Pensionsstiftelse.
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News
Belgian funds see pan-European opportunity
BELGIUM – For Belgium, 2006 presents a window of opportunity to establish itself as a central player for pan-European pensions, the pension fund association says.
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News
Dutch schemes in deal with Altera Vastgoed
NETHERLANDS – The Stork and PNO Media pension funds are to transfer their €90m Dutch real estate portfolio to, and become shareholders in, real estate group Altera Vastgoed.
