GERMANY - German investment funds administrated e1307bn in assets under management by 30 September 2005, a 20% increase from end September 2004, which recorded e1079bn.
The figures, released by BVI Bundesverband Investment und Asset Management, the German Association of Investment Funds, also showed that institutional business, ‘spezialfonds’, reached e613bn to 30 September.
Allianz Dresdner Global Investors were the largest manager of institutional spezialfond assets with e85bn under management. Universal-Investment Gesellschaft followed with e53bn AUM.
BVI is the central association of the German investment fund industry which represents 4857 institutional funds and more than e1trn of assets under management.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.