All articles by Robert Melia Watson – Page 31
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UK is the most 'dramatic' major pensions market
UK - The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut based research and consulting firm....
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Austrian employers propose new DC model
AUSTRIA – The country’s employers association and unions have come up with a defined contribution (DC) pensions system designed to modernise the Austrian retirement benefit and provisions’ landscape, says Vienna based Actuaria Benefit Consulting.....
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SFIM/Bank Corluy alliance gets first mandate win
BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium....
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Pension reform high on Russia's priorities
RUSSIA – Pension issues are second only to the 2002 budget on the Russian state legislative body, the Duma’s activity list, says the latest Tacis East/West Institute’s (TEWI) Russian pension reform review....
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Société Générale hands Watsons £300m admin brief
UK - Société Générale (SG) has awarded Watson Wyatt the mandate to take care of all actuarial, investment and administration services for its combined £300m (€488m) UK pension schemes....
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AEGON AM appoints McLatchie as managing director
UK – Edinburgh based AEGON Asset Management UK has appointed Colin McLatchie as managing director (MD) from January next year.
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One in three UK funds set to up bond exposure
UK – More than a third of the UK’s major companies are considering increasing their pension funds exposure to fixed income following the introduction of the FRS17 accounting standard last year, according to the initial results of a survey by Gartmore Investment Management....
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Deutsche Telekom outlines funded pension plans
GERMANY – Europe’s largest telecoms group, Deutsche Telekom (DT), has struck a collective bargaining agreement with recently formed giant trade union, Vereinte Dienstleistungsgewerkschaft (Ver.di), whereby it will convert its pension arrangements, in line with the Riester pension reform in Germany, to include a capitalised pension fund element....
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BGI builds on B&CE mandate with £150m top-up
UK – Barclays Global Investors (BGI) has been selected to run an additional £150m (€243.5m) overseas equities and bonds mandate for the £650m defined benefit (DB) pension plan for the Building & Civil Engineering Benefits Scheme (B&CE)....
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Punter Southall announces trustee training dates
UK – Consulting actuaries company, Punter Southall & Co (PS), has published the dates for its latest trustee training programme 2001/2002....
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State Street gets £5bn Quilter FM custody account
UK – £5bn (€8bn) London based investment management company, Quilter Fund Management, has awarded a global custody and fund accounting mandate to State Street Corporation.
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Invesco Pensions wins Noble House mandate
UK – Invesco Pensions has won the mandate to provide stakeholder pension services for restaurant and leisure group Noble House.
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Crédit Agricole wins Italian institutional brief
ITALY – The Milan based Italian arm of French group, Crédit Agricole Asset Management (CAAM), CAAM Sgr, has won an index-linked structured equity mandate from Parma based insurance group, Po’Vita, The size of the mandate will be between €45m and €65m.....
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Norwich Union adds external bond funds
UK – Norwich Union (NU) has introduced 57 external funds to its range of investment bonds....
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Swedish pension funds pool SKr200m mandate
SWEDEN – Stockholm based Carlson Investment Management has won a mandate to run an SKr 200m (€21m) Swedish equities portfolio for the so called G7-Group, a collaboration of seven southern Swedish municipality pension funds....
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Consultants call for better admin standards
UK – The Society of Pension Consultants (SPC) has called for a co-ordinated approach within the pensions industry to further raise pension scheme administration standards....
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Companies losing millions in ineffective benefits
GLOBAL – Millions of pounds are being lost each year as a result of companies around the world not managing their benefits plans effectively, suggests the latest Towers Perrin (TP) World-wide Benefits Management Report...
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Finnish exchange to get first ETFs
FINLAND – The Helsinki Stock Exchanges (HEX) is to see the introduction of the first exchange traded funds (ETFs) on the Finnish market early next year, to be managed by Seligson & Co Rahastoyhtiö Oyj....
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Julius Baer Asset Management appoints new CEO
SWITZERLAND – Julius Baer Asset Management (JBAM) has appointed Urs Landolt as new chief executive officer (CEO) at its Zurich office, with effect from February next year....
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L&G selects Dresdner funds for stakeholder
UK – Legal & General (L&G) has selected two Dresdner RCM funds as part of its stakeholder pension offering - the £40.2m (€64.6m) DRCM global equity fund and the £148m (€238m) DRCM UK equity fund....