BELGIUM - The arrival of the institutional SICAV (société d'investissement à capital variable) vehicle in Belgium could see pension funds and asset managers competing directly against one another.
The law change means pension funds could create their own, larger, SICAVs and compete with asset managers for pension fund assets. According to KBC Asset Management MD Edwin de Boek this could prove a...
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.