INCLUDING: UK - Charlemagne marches into institutional space; UK - Credit Suisse appointment; SWITZERLAND - Partners Group opens Tokyo office; UK - Pension confidence crisis; NETHERLANDS - PGGM appoints chairman
UK - Charlemagne marches into institutional space
Charlemagne Capital Limited, a specialist emerging markets equity investment manager, announced group assets under management had grown 9.8% since 2 January 2007 to US$5.1bn as at 2 July 2007.
Charlemagne said it also had secured two major mandates from a European pension fund and a Swedish bank and insurer amounting to €180m.
UK - Credit Suisse appointment;
Credit Suisse has appointed Jiri Musil as head of distribution for asset management in the Czech Republic.
He will be responsible for institutional and retail distribution covering the Czech Republic, Slovakia and Slovenia.
SWITZERLAND – Partners Group opens Tokyo office
Partners Group, the Swiss-based alternative asset manager, has opened a new Tokyo representative office.
The new Tokyo office is headed by Junichiro Kawamura, senior vice president, who is responsible for the business development activities, investment origination and client relationships in Japan.
UK – Pension confidence crisis
Over a quarter of British adults have failed to make any provision for retirement, according to data from the annual retirement confidence index, provided by financial services provider, Alliance Trust.
The company added that one in ten of 30 to 49-year-olds still had no confidence that they would be able to provide for a comfortable retirement.
NETTHERLANDS - PGGM appoints chairman
PGGM has appointed Martin van Rijn as chairman of the executive board of its new administration cooperative, to take over from Heino van Essen on 1 January 2008.
Rijn is currently director general of healthcare at the ministry of health, welfare and sport. Existing board members Else Bos (Investments) and René van de Kieft (Operations, Finance & Control) will retain their positions.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.