All articles by Perttu Jarvenpaa – Page 10
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Putnam rolls out new funds in Europe
IRELAND/EUROPE - The central bank of Ireland has authorised US money manager Putnam Investments to offer six new funds, including two value funds, to European retail and institutional investors....
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Global blue-chip ETF makes European debut
EUROPE - The first global blue-chip exchange-traded fund (ETF) for European investors has started trading on Euronext, in a sign that exchange traded funds are gaining favour amongst European investors....
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Europe should beware US patents says ISMA
EUROPE - European banks and securities houses may have to prepare for a more widespread, US-style, application of patent rights in the financial sector, according to a report by the Zurich based International Securities Market Association (ISMA)....
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Swedes fear pensions loss on retirement
SWEDEN – Almost one third (32%) of Swedish pension savers think that they are going to get only half, or even less, of their premium (PPM) and state pensions when they retire, according to a study by Stockholm based Sifo Research & Consulting....
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Sharp interest rise in international benefits exam
UK - The Pensions Management Institute (PMI) and the London based International Employee Benefits Association (IEBA) have reported a hike in interest for take up of their international employee benefits diploma....
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Mercer climbs aboard at £15m National Express fund
UK – Bus, train and coach company, National Express Group, has appointed William M. Mercer as actuarial and benefits consultant to its £15m (e24m) pension plan....
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UK must examine tax rules under EC communication
EUROPE – Last week’s tax communication on cross-border pension provision by the European Commission (EC) has been welcomed by consultant PricewaterhouseCoopers (PWC), although the adviser warns that the UK government will have to come up with a response to the EC over its own tax treatment on contributions made to ...
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Austria's APK indexes $35m with Vanguard
AUSTRIA – The ATS22bn (e1.6bn) Vienna-based pension fund APK has reviewed its US equity strategy and dropped an undisclosed active manager in favour of a passive brief with US investment manager Vanguard….
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Technology tie-up eyes European outsourcing market
EUROPE/SOUTH AFRICA – UK software and services provider Marlborough Stirling has made a deal with South African financial services group, Sanlam, to provide life and pensions companies with off-shore internet technology and administration out-sourcing services, targeted mainly at the UK and continental European market....
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F&C Ventures becomes Graphite Capital
UK – F&C Ventures, the private equity arm of Foreign & Colonial Group, has changed its name to Graphite Capital after a management buy-out....
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Lithuanian bank mergers spark monopoly questions
LITHUANIA ESTONIA – Following the acquisition of the Lithuanian savings bank, Lietuvos Taupomasis Bankas (LTB), by Estonia’s Hansapank, questions have arisen about the size of the possible merger between the Swedish banks FöreningsSparbanken (Swedbank) and Svenska Enskilda Banken (SEB).
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UK pension fund pursues private equity strategy
UK – The London Borough of Newham is looking to appoint a private equity manager to invest between £5-15m (e8-24m) in a private equity fund of funds mandate....
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Ireland announces personal pension plan details
IRELAND – Dermot Ahern, the Irish minister for social, community and family affairs has announced details of the Personal Retirement Savings Account (PRSA) framework, the stakeholder type Irish personal pension plans that are to form a “significant” component of this summer’s Irish Pensions Bill....
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Italy's Mefop appoints new board
ITALY – The foundation for the development of the Italian pensions market (Mefop) has appointed a new board of directors, with members from the country’s largest pension funds….
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BAM brings in new Chief Operating Officer
UK – John Misselbrook has joined Baring Asset Management as chief operating officer....
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European property figures hold up strongly
SWEDEN/IRELAND – Swedish property returns rose strongly in 2000, while Irish property assets retained their strong performance levels, according to figures published by the London based property index provider, Investment Property Databank….
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GSTP venture gets green light in US
US/UK - Omgeo, the global straight-through processing joint venture between New York based Depository Trust & Clearing Corporation (DTCC) and Boston based information and technology solutions provider Thomson Financial, has been granted an exemption from full registration by the US Securities and Exchange Commission and is to start operations on ...
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Schroders appoints Dobson to director slot
UK - Michael Dobson has been appointed as a non-executive director on the board of UK investment manager Schroders....
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Schroders bags £70m property brief
UK – Suffolk County Council (SCC) has awarded a £70m (e112m) domestic indirect property mandate to investment manager Schroders...
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UK's largest pension fund closes DB plan
UK – Britain’s largest pension fund, the £29bn (e46.5bn) British Telecommunications’ BT Pension Scheme, has become the latest UK defined benefit (DB) scheme to close its doors to new members....
