All articles by Meagan Rees – Page 24
-
News
Buckingham cuts Capital mandate in revamp
UK – The £874m (€1.3bn) Buckinghamshire Pension Fund has cut Capital International’s equities mandate by just over 20% due to poor performance results, and appointed five new fund managers.
-
News
Horeca portfolio manager van Nifterick quits
NETHERLANDS - Nick van Nifterick, senior portfolio manager of the €2bn Dutch hotel and catering scheme Pensioenfonds Horeca en Catering, has resigned.
-
News
Activism at work as VNU reviews IMS deal
NETHERLANDS – Shareholder activism by pension funds appears to be a factor in VNU’s decision today to review its planned $6.3bn (€5.2bn) merger with IMS health.
-
News
TUC demands change on women’s pensions
UK – Radical changes are urgently needed on women’s pensions where only 30% qualify for a basic state pension and only 38% contribute towards a private pension, according to Britain’s Trade Union Congress (TUC).
-
News
Double defection blow for PGGM
NETHERLANDS – In a double blow for Dutch healthcare fund PGGM, two senior executives are defecting to Merchant Bank NIBCapital on 1 January 2006.
-
News
AXA Sun Life names pensions marketing director
UK – AXA Sun Life today named Graham Harvey as the new marketing director of its UK life assurance, pensions and investment business.
-
News
New Study assesses cross-border value
EUROPE - European and US asset managers view the establishment of local marketing offices in other countries as an expensive but effective option for cross-border selling, according to a new study.
-
News
OPF’s Steenvoorden leaves for SPMS
NETHERLANDS – Jeroen Steenvoorden, director of the Dutch company pension fund association OPF, has been appointed managing director of medical specialist pension fund SPMS.
-
News
JPMorgan AM names new institutional head
EUROPE – JPMorgan Asset Management (JPMAM) has named Jens Schmitt as head of institutional business in Europe, replacing Peter Schwicht.
-
News
Hutton’s appointment may delay pensions reform
UK – The appointment of John Hutton as work and pensions secretary following David Blunkett’s resignation yesterday may result in further delays to UK pensions reform.
-
News
New regulations to save UK schemes €14.7m
UK – New regulations published by the department for work and pensions (DWP) are expected to save pension schemes £10m (€14.7m) over the next three years and help employers running smaller schemes to bulk transfer members with protected rights into one single scheme.
-
News
Public sector pensions wiped out, says Watsons
UK – Management consultant Watson Wyatt today stated that falling interest rates have wiped almost £60bn off public sector pension savings.
-
News
Credit Suisse AM posts 237% income rise
GLOBAL – The Credit Suisse Group posted a 237% rise on the year in the net income of its wealth and asset management business to CHF101m (€65.5m) in the third quarter, according to results released today.
-
News
AMF claims 12.8% returns are market high
SWEDEN - The SEK220bn (€24.08bn) pension provider AMF Pension claims its 12.8% return on investments in the third quarter may be the highest in the Swedish market.
-
News
UBS institutional invested assets surge 24%
GLOBAL – UBS’ third-quarter results reported an annual 24% surge in institutional invested assets under global asset management to CHF425bn (€290.9bn).
-
News
Irish fund servicing industry closes on $1trn
IRELAND – Irish-serviced funds grew 23% over the past year, topping $950bn (€785bn) as at 30 June 2005, according to Lipper Fitzrovia’s 11th annual Dublin Fund Encyclopedia.
-
News
CEIOPS to issue paper for renewed consultation
EUROPE – European pension supervisory committee CEIOPS is to publish a revised protocol on supervisory co-operation for a further round of public consultation.
-
Features
PGGM sees long life in Levensloop
PGGM’s new pension fund subsidiary Careon Levensloop has finalised a seven-year outsourcing contract with KAS Bank and Ordina. The agreement - effective from 1 January 2006 - will see Ordina in charge of administrative tasks, while KAS facilitates the associated banking process. “We will offer products to our clients to ...
