BELGIUM - Belgian pension funds achieved a median return of 8.6% in 2004, partly through maintaining their weighting in traditional asset categories like equities.
BELGIUM - Belgian pension funds returned a healthy 8.4% in 2004, compared to 9.6% in 2003, according to provisional estimates released by Mercer Investment Consulting.
BELGIUM - Belgium's recent national wage negotiations have not had the desired impact on the industry-wide pensions sector, with the final draft containing no references to any new sector fund as compared to initial drafts.
BELGIUM - The Belgian regulatory authority is considering making it mandatory for pension funds to establish a statement of investment principles outlining certain rules and regulations that asset managers will have to comply with.
BELGIUM - The Belgian authorities are considering setting up a compensation scheme along the lines of the Pensions Benefit Guaranty Corporation (PBGC) in the US or the Pension Protection Fund (PPF) in the UK.
BELGIUM - Belgian asset managers are being forced to be more selective in the number of pension fund RFPs that they respond to.
BELGIUM - VKG, the e500m Belgian pension fund for doctors, dentists and pharmacists, is making a foray into hedge funds and is set to appoint one to two investment managers before the end of the year.
BELGIUM - The European Financial Services Round Table (EFR) has called on the European Union to create a Pan-European pension regime to work hand-in-hand with existing pension structures with the aim of realising a European single market for private pensions....
BELGIUM - Belgian-based Dexia Sustainable, the flagship SRI fund managed by Dexia Asset Management, has been awarded an Austrian green funds label for its 10 SRI sub-funds registered for sale in Austria.
BELGIUM - Belgian pension funds returned 3.8% for the first three months in 2004, according to Mercer Investment Consulting.
BELGIUM - VKG, the e500m Belgium pension fund, is expected to make a final decision on its foray into alternatives shortly.
BELGIUM - Belgian pension funds in 2003 saw a positive return for the first time this century thanks to powerful equity performance, according to a study by Mercer Human Resource Consulting.
BELGIUM - The IMF has said that the implementation of the second pension pillar and recent decisions on social security spending had raised pension costs above earlier projections.
UK/BELGIUM - Lane Clark & Peacock, the actuarial and benefits consultancy, has acquired Ernst & Young Belgium's actuarial consulting and IT business, in a bid to "significantly" strengthen its pan European service.
BELGIUM - The e612m corporate pension fund KBC Pensioenfonds is looking to review its global asset strategy later this year in a move that could trigger searches for hedge fund of funds and private equity managers.
BELGIUM - VKG, the e500m Belgium pension fund, is expected to allocate 5% to hedge fund of funds, following a review of its strategic allocation.
BELGIUM/GERMANY - Fortis Investments, the asset management arm of Fortis, has acquired the Japanese Equity capability of the German-owned asset manager, WestAM for an undisclosed amount.
SWITZERLAND/BELGIUM - KPMG has sold its consulting and actuarial businesses in Switzerland and Belgium to Mercer and Aon for an undisclosed amount.
BELGIUM - Money-market funds have become the latest vehicle to be processed on Euroclear's cross-border fund-processing platform, FundSettle.
NETHERLANDS/BELGIUM/UK - US-headquartered T. Rowe Price Global Investment Services (TRPGIS) has appointed Jandaan Felderhoff as director of institutional sales and client relations of its planned operations covering the Netherlands and Belgium.
BELGIUM - Belgian pension fund returns lifted by nearly 4% during the first six months of 2003, posting the highest first half returns since 2000.
NETHERLANDS/BELGIUM - PGGM, the e45bn Dutch pension scheme, is optimistic about its second quarter results following a disappointing start to the year. The Zeist-based scheme for health and social workers said that its results, which will be released...
BELGIUM - Last year was a record negative year for Belgian pension fund returns, according to the results of a survey from the Belgian Association of Pension Funds (BAPF).
BELGIUM - Belgian corporates are being urged to reassess their pension arrangements in the wake of the so-called Vandenbroucke Law.