BELGIUM - Pension fund demand for SRI is set to increase significantly in Belgium despite the fact they have thus far failed to convert their words into action, said Peter de Proft, CEO for Belgium at Fortis Investments.
De Proft pointed out that, under the Vandenbrucke pension law, funds were required to provide an analysis of what they were doing in the SRI field. "Pension funds are more concerned about it now, that...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.