All articles by Robert Fuller – Page 2
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France’s NBP in European multi-manager drive
FRANCE – Paris based Natexis Banques Populaires (NBP) has launched a new multi-management and investor services specialist subsidiary, Asset Square...
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Swissair says pension funds remain solvent
SWITZERLAND – The financial position of the €4bn Swissair group Pensionskassen remains positive, despite the Swissair going bankrupt and trading problems in recent months, says Swissair Group Pensions (SGP)....
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SEB puts out two new corporate bond funds
SWEDEN – SEB Investments has launched two new corporate bond funds, SEB Lux Bond Fund – Corporate Bonds Euro and the SEB Lux Bond Fund – Corporate Bonds – SEK....
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Gissings wins mandate for £25m taxi firm funds
UK – Employee benefits and consultancy firm, Gissings, has won the mandate to provide full services to the £25m (€40m) defined benefit (DB) and £10m (€16m) defined contribution (DC) schemes of Manganese Bronze, the London taxi manufacturer....
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Watson Wyatt acquires French consultancy firm
FRANCE – Global consultancy firm, Watson Wyatt has acquired Paris based human consultancy and assessment firm, Optimhom.
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Multi-manager market reaches $569bn, says Cerulli
GLOBAL – Europe now represents the bulk of global assets in fund-of-funds arrangements, claims Cerulli Associates in their October multi-manager brief, which says that inflows into the investment vehicle have more than doubled during the 18 months to June this year....
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OPRA issues checklist to dispel stakeholder myths
UK - The Occupational Pensions Regulatory Authority (OPRA), the UK pensions industry watchdog body has issued a set of guidelines to dispel any misconceptions about the impending October 8 deadline for the introduction of new stakeholder pension schemes....
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German chemical industry to create huge fund
GERMANY – The German chemical employers association, the Bundesarbeitgeberverband Chemie (BAVC) has laid down a framework with the industry’s trade union, the Industiregewerkschaft Bergbau, Chemie, Energie (IG-BCE), for the creation of a potentially 590,000 strong industry-wide pension fund....
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Scots are better savers than the English
UK – The British are more likely to go for short term savings rewards, with the Scots more ‘canny’ about their retirement savings than their English and Welsh counterparts, according to a survey commissioned by Merrill Lynch Investment Managers (MLIM)...
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Myners warns of legislation threat over proposals
UK – There is a threat of government legislation to force pension funds to make statements of non-compliance to the recommendations of the Myners’ Review, warned Paul Myners, when speaking at the Pensions Management Institute (PMI) Autumn conference in London today.
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Siemens Swedish fund hires State Street
SWEDEN/GERMANY – Boston based State Street Corporation has been appointed by German electronic giant, Siemens to provide a full range of global investment services to its $74m (€81m) Swedish pension fund...
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Mercer: Government will legislate for trustees
UK – The government will legislate against pension fund trustees taking decisions unless they are ‘familiar’ with the issues concerned - as laid out in the Myners report, claims consultancy firm, William M. Mercer....
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Questions galore for trustees after Myners’ code
UK – Global investment consultancy and services firm, Frank Russell Company has suggested nine points of its own to add to the 10 questions pension fund trustees should ask themselves about transaction costs, as outlined yesterday in the final Myners’ review code.
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Roberts leaves NAPF to head back to BBC
UK – Rhoslyn Roberts has been appointed head of pensions for the British Broadcasting Corporation’s (BBC) £7bn (€11bn) UK staff pension fund.
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Revised Myners investment voluntary code issued
UK – Following consultation within the industry, the government has outlined its revised set of principles of investment, as proposed by the Myners’ review...
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Morley launches four new pooled pensions funds
UK – Four new pooled pension funds have been launched by Morley Fund Management in London.
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Danish fund picks FSI for Europe small cap brief
DENMARK/UK – First State Investments (FSI) with £7bn (€11bn) under management has won a mandate to manage the £30m pan European small cap portfolio for KP Invest
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Senior City lawyer heads to Morgan Stanley
UK – Keith Clark, current chairman of international law firm, Clifford Chance (CC), has been appointed international general counsel at financial services giant, Morgan Stanley (MS).
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FTSE All-World slumped by 9% in September
GLOBAL – The recent terrorist attacks in New York helped pile on the misery last month for global equity markets, according to index provider FTSE, who says that its All-World Index fell in September by more than 9%....
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Lasalle launches e500m European property fund
EUROPE – Lasalle Investment Management (LIM)has launched its new €500m Euro Growth II fund, a real estate investment fund to be invested in properties across Western Europe....