All articles by Perttu Jarvenpaa – Page 17
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Swedish insurers suffer in 2000
SWEDEN – The investment returns of Swedish life insurance companies hit a six-year low in 2000, according to a report by the country’s financial supervisory authority Finansinspektionen....
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Bank of Scotland and AXA team up for stakeholder
UK – Bank of Scotland is teaming up with financial services group AXA to offer a new stakeholder pension product...
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Morley to hedge market via split capital fund
UK – UBS Warburg is sponsoring UK investment house Morley Fund Management’s first hedge fund: a split capital closed-ended investment company incorporating a hedge fund element....
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Post Office to offer stakeholder over the counter
UK – The Post Office is teaming up with mutual life assurance company Standard Life to provide stakeholder pensions through its 18,000 strong branch network...
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SSB Citi becomes Citigroup Asset Management
US – SSB Citi Asset Management Group has changed its name to Citigroup Asset Management...
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INVESCO collects £20m cash brief
UK – Horsham District Council has awarded INVESCO Asset Management a £20m (e31.3m) sterling cash mandate....
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Finnish pension assets fly overseas
FINLAND – Pension insurance companies and employment pension funds for short-term contract workers (LEL) and seamen (SPF) are switching investment allocations abroad at an increasing pace....
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Part-timers may claim £17bn in back pensions
UK – The House of Lords has ruled that part-time employees in the UK can retrospectively claim pension benefits back to 1976 - although experts disagree on the amount the ruling will cost British employers...
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Romanian government approves mandatory schemes
ROMANIA – The recently elected government has decided in favour of the creation of a multi-pillar social security system – named the Universal Pension Funds Law - which will see the genesis in October 2002 of mandatory capitalised pension schemes administered by the private sector....
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PPM to up funds allocation for providers
SWEDEN – The state controlled premium pension system (PPM) is increasing the number of funds companies owned by the same holding group can offer to investors....
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BT scheme PE arm has first closing on Asia fund
UK/ASIA – The joint private equity venture between London based Hermes Private Equity Management (HPEM) and United Overseas Bank Group (OUB) has had its first closing on the UOB Hermes Asia Technology Fund...
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VKG broadens property horizon in new RFP
BELGIUM - The e500m Brussels based VKG/CPM pension fund for doctors, dentists and pharmacists is seeking a manager for an indirect international real estate mandate, as part of a strategic geographical shift in its property investment set-up...
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WM Company appoints new Dutch general manager
NETHERLANDS – Robert Rijlaarsdam has been appointed general manager of performance measurer WM Company’s Dutch office...
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Irish equity market rides fourth quarter slump
IRELAND – The Irish equity market (ISEQ) was the only equity market not to fall back into negative figures for the fourth quarter in 2000, according to an Irish pooled pension fund survey by investment consultant William M. Mercer...
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Schroders gets Korean green light
SOUTH KOREA – UK fund manager Schroders has become the first foreign asset management company to be given a preliminary fund management licence in the Republic of Korea...
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UK fund allocates £112m into multinational equity
UK - The £330m (e527m) Southern Water Pension Schemes has appointed Dresdner to invest a third of its assets in multinational equities...
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Hermes focuses on German corporate specialist
UK – Pension fund manager Hermes, the investment company for both the BT and Post Office schemes, has appointed German corporate finance specialist Stephan Howaldt to head up its new European focus funds company (HEFF)...
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Hermes against US-style compensation in Europe
UK - Hermes presses Nasdaq to force companies to seek shareholder approval for stock option plans.
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PE investment favours wireless sector
EUROPE – Investment in European private equity has grown to e1.26bn a month in January, according to a preliminary report by Tornado-Insider Group, a data and news provider on Europe’s new economy.
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Foreign investment in UK property doubles
UK – Overseas investment in British commercial property reached a record high in 2000, doubling the figure for 1999 at a total of £7.1bn, says a report by DTZ Research.
