All articles by Robert Fuller – Page 7
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News
Scudder takes on Sungard IT retirement package
US – Sungard Corbel, part of IT solutions firm Sungard, has developed a customised version of its Relius Documents Internet software for Scudder Retirement Services (SRS), a division of Zurich Scudder Investments.....
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FTSE buys out Barings share of index service
UK – FTSE has acquired ING Barings’ half share of Global-Pro, the global customised index service, and will also take over Barings’ Emerging Markets Indices (BEMI) by the end of the year....
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Northern Trust in German joint venture push
GERMANY – Northern Trust Global Investments Europe (NTGI) and Frankfurt based Landesbank Hessen-Thüringen (Helaba), have set up a joint venture company Helaba NorthernTrust, to offer institutional investment management services to the German market....
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Climate change is risk management worry, says USS
UK/GLOBAL – Climate change is becoming a major risk management challenge for institutional investors, suggests a discussion report commissioned by the London Investment Office and the Universities Superannuation Scheme into the implications for long term investors, in particular pension funds, of corporate performance on social, environmental, ethical and governance issues.....
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Eurozone slowdown worsening, says Swiss Life
EUROZONE – The economic slowdown across euroland is worsening, according to Swiss Life Asset Management’s (UK) latest global economic summary.....
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Aon wins admin brief for £2.8bn Scottishpower fund
UK – Aon Consulting, the actuarial, benefits and human resources consultancy firm, has won the contract to provide pensions administration services to the £2.8bn (€4.5bn) Scottishpower pension fund, Scotland’s largest private sector scheme with over 29,000 members....
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Merrill Lynch wins new DC and stakeholder mandates
UK – Merill Lynch Investment Managers (MLIM) has secured a mixture of new defined contribution (DC) and stakeholder mandates.
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Gissings lands UK advisory mandates
UK – Employee benefit and pensions advisory firm, Gissings, has landed two new UK pensions advisory contracts....
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Mercer buys out Austrian consultancy firm
AUSTRIA – Consultant William M. Mercer has acquired Vienna based Constantia Neuberger Bednar and Partner BesmbH (CNB), the Austrian employee benefits and retirement consulting company....
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Dresdner RCM cashes in with three new wins
UK – Dresdner RCM Global Investors has been selected to run three separate cash mandates totalling £59m (€94m) on behalf of three UK local authorities....
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Noble quits Edinburgh Fund Managers
UK – Jackie Noble, head of UK institutional business development at Edinburgh Fund Managers (EFM), has left the firm....
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Majority of firms will contribute to stakeholder
UK - The overwhelming majority of UK small and medium companies will make contributions to stakeholder pensions – despite any legal obligation to do so, according to UK employee benefits and corporate pensions consultancy firm, PIFC....
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Luxembourg to reduce funds subscription tax
LUXEMBOURG – A proposal to reduce the annual subscription tax from 0.06% to 0.05% that investment funds in Luxembourg pay on their net assets under management is included in the draft budget for 2002 to go before parliament in September....
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Irish managed funds post 5.5% in Q2
IRELAND – Managed pension funds in Ireland returned an average of 5.5% in the second quarter of this year, according to Mercer’s quarterly pension pooled fund survey....
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AIMR membership passes the 50,000 mark
US – Membership of the Association for Investment Management and Research (AIMR), the world’s largest association of investment professionals, has exceeded the 50,000 mark....
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Japan joins global alternative investment body
UK/GLOBAL – The London based Alternative Investment Management Association (AIMA) has created a new chapter in Japan, bringing the number of chapters worldwide to five....
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DeAM reshuffle precedes Europe high yield launch
UK/US – Deutsche Asset Management (DeAM) has reshuffled a number of key staff members in its bond teams between the US and London as part of a strategy to strengthen its fixed income capabilities....
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Toner quits Salomons for UBS Warburg
UK/EUROPE – Ian Toner has joined UBS Warburg as European head of marketing and distribution management, moving from Salomon Smith Barney (SSB), where he was global head of marketing for global index systems....
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Smaller companies face £2.5bn in stakeholder fines
UK – As much as 22% of smaller companies – those employing between five and 10 staff - could incur government fines to a total value of £2.5bn (€4bn) for not having stakeholder pension arrangements in place in time...
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Royal London gets Carter as CIO
UK – Independent investment management company, Royal London Asset Management (RLAM) has a new chief investment officer, Andrew Carter.