GLOBAL - The 2006 Global Pensions award winners were announced last night at the Gibson Hall in London.
The event recognised the top achievers in their various specialist categories in front of a global audience of over 500 pensions industry attendees.
The custodian of the year award went to Northern Trust, while Watson Wyatt was voted the investment consultant of the year.
Manager-of-managers of the year was Russell Investment Group, while the fixed income manager award went to PIMCO for an unprecedented third year in a row.
In the active manager category, AllianceBernstein claimed top honours, with State Street picking up the transition manager of the year award.
The full list of awards went as follows:
- Software provider of the year: Thomson Financial
- ETF provider of the year: Barclays Global Investor (iShares)
- Benefits consultant/provider of the year: Mercer Human Resource Consulting
- Currency manager of the year: Bridgewater Associates
- Hedge fund provider of the year: Pioneer Investments
- Law firm of the year: Hammonds
- Passive manager of the year: The Vanguard Group
- Index provider of the year: FTSE Group
- Emerging markets manager of the year: Ashmore Investment management
- Property manager of the year: Axa Real Estate Investment Managers
- SRI provider of the year: Morley Fund Management
- LDI investment manager of the year: Merrill Lynch Investment Managers
- Pension fund administrator of the year: Aon Consulting
- Commodities manager o fthe year: Goldman Sachs Asset Management
- Custodian of the year: Northern Trust
- Investment consultant of the year: Watson Wyatt
- Manager-of-managers of the year: Russell Investment Group
- Fixed income manager of the year: PIMCO
- Active manager of the year: AllianceBernstein
- Transition manager of the year: State Street
Global Pensions conducted a survey of several thousand pension funds worldwide via email, a voting form in the magazine, the website and telephone calls, asking each one to nominate a provider in each category. From those answers a shortlist is produced. This was done in Q4 2005. The shortlisted nominees are then asked to submit a 750 word submission, which is passed to our judging panel.
This panel is made up of 16 consultants and pension funds from all over the world. This panel then decides the final winner.
Global Pensions magazine remains neutral throughout the entire nomination and award process, in order to keep the awards 100% independent.
The evening was hosted by Scott Anderson, editorial director, Global Pensions and the awards were presented by Philip Hammond MP, UK Shadow Secretary of State for Work and Pensions, and Nick Sherry, Shadow Minister for Superannuation and Intergenerational Finance; Banking and Financial Services.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.