All articles by Meagan Rees – Page 4
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ING IM names new institutional clients MD
NETHERLANDS – Arthur van der Wal, current head of relationship management for institutional clients at ING Investment Management, has been named managing director institutional clients with effect from July 1.
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Belgian funds ‘forced into SRI investing’
BELGIUM – Public authorities in Brussels must invest “at least” 10% of their pension schemes in socially responsible investment under new orders approved by government.
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Austria facing ageing pressure on rating – S&P
AUSTRIA – Without proper policy and fiscal reforms, Austria’s ageing population will put pressure on public finances and undermine the country’s sovereign ratings, according to a report by rating agency Standard & Poor’s.
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Italy's COVIP sees slow growth
ITALY – The complementary pensions sector is growing too slowly, according to the Italian pensions regulator, the Commissione di Vigilanza sui Fondi Pensione (COVIP).
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NAPF says auto-enrolment costly
UK – Auto-enrolment is effective but it is a ‘minority sport’, according to findings by the National Association of Pension Funds.
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Royal Mail and trustees ‘agree recovery plan’
UK – Royal Mail and its pension trustees have agreed a recovery plan, which could see the group pump more than £12bn (€17.5bn) into its pension scheme over the next 17 years, say reports.
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IMA says managers could run UK national scheme
UK – Fund managers could indeed run the proposed National Pensions Savings Scheme at low cost using institutional management, according to the Investment Management Association.
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BIG forms private equity joint venture
IRELAND – Financial services outfit Bank of Ireland Group (BIG) has formed a joint venture with US private equity specialist Paul Capital Partners to provide private equity fund of funds products and advisory services to institutional and other investors worldwide.
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PPM launches internal trading probe
SWEDEN – Sweden’s Premium Pension Authority (PPM) is launching an internal investigation following some 70 complaints of delayed trading during May’s market turbulence.
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CBRE in deal with Oxford Property Consultants
REAL ESTATE – UK real estate research and investment firm Oxford Property Consultants has inked a deal with CB Richard Ellis.
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CalPERS names asset allocation consultants
GLOBAL – The California Public Employees’ Retirement System (CalPERS), the $210bn (€163.8bn) public pensions giant, has “tentatively” selected contractors for asset allocation consulting, securities lending services and administration of supplemental savings programmes.
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EFRP celebrates 25th anniversary
EUROPE – The European Federation for Retirement Provision (EFRP), which represents occupational pension plans in the EU and candidate states, is today celebrating its 25th anniversary in Brussels.
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Unilever UK scheme taps Mercer for advice
UK – Unilever’s roughly £4.3bn (€6.3bn) UK pension scheme has axed Russell Investment Group as investment consultant in favour of Mercer, scheme chief investment officer Wendy Mayall confirmed today.
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Hedge fund managers don’t deserve fees - BGI
UK – Hedge fund managers do not always deserve their high fees, according to a recent research report by Barclays Global Investors.
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Schroders CIO Brown ‘acts against SSGA’
GLOBAL – State Street Global Advisors may have to pay out more than $5m (€4m) to its former chief investment officer - and current Schroders CIO - Alan Brown over a lost benefits claim.
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AP1 appoints three private equity managers
SWEDEN – The roughly SEK187.3bn (€20.2bn) buffer fund Första AP-Fonden, or AP1, has appointed three private equity managers as part of its diversification strategy into alternative investments.
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North Yorkshire axes JP Morgan from €1.7bn
UK – The roughly £1.15bn (€1.7bn) North Yorkshire Pension Fund has axed JP Morgan as global custodian, a scheme official confirmed today.
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Fortis names global LDI head
NETHERLANDS – Fortis Investments has appointed Alexander Van Aken to the new position as global head of liability driven investment.
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Pension Protection Fund names Dasgupta as CEO
UK – Partha Dasgupta, investment and finance chief of the Pension Protection Fund, has been appointed chief executive officer of the government pensions lifeboat following an “open competition”.
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Mcube, Avida in portfolio software partnership
GLOBAL – Dutch-based consulting firm Avida International has entered into a partnership with Texas-based Mcube Investment Technologies with regards to Mcube’s web-based software product AlphaEngine.