The wringer the markets and regulators have put the European insurance industry through over the last three years is slowing down, says Towers Perrin. "Against the backdrop of recurring bad news for European insurers the industry is still alive and
UK Pooled Balanced funds have recorded their first positive calendar year performance since 1999, with a median return for 2003 of 18.1%. Daniel Hall, Russell Mellon CAPS' Publications and Statistics Manager said "2003's performance has helped pooled funds claw back
Minority shareholders in South Africa's Mutual & Federal said on Wednesday they would fight an offer by the country's biggest insurer Old Mutual to buy them out, as they considered it too low.
If size has the disadvantage of miring the bank in every financial scandal going, from Enron to Parmalat, the Citigroup results for 2003 prove that is also means being exposed to a lot of sectors that are doing well. With
The corporate funding problems created for UK company pension plan sponsors by FRS 17, the requirement to account for pension fund liabilities, will not be solved by the rising equity markets. Or so say actuaries Lane Clark & Peacock (LCP),
The Bank of New York Company says its subsidiary, BNY Western Trust Company, has been reappointed as custodian for the City of Sacramento's $1.1 billion operating and retirement funds. The Company has been providing custody and securities lending services to
The Bank of New York has been ranked by Thomson Financial as the leading trustee for long term municipal debt brought to market in 2003, in terms of principal amount. The Bank of New York's top ranking was based on
Northern Trust says most institutional investment plan sponsors in the universe of funds measured by its performance analytics group enjoyed strong growth in 2003. The Northern Trust Universe represents the performance results of over 300 large institutional investment plans, with
State Street Associates says its Investor Confidence Index for January 2004 has picked up a decline in optimism. According to the January index, investor confidence fell by 3.1 points to 105.9 from a revised December level of 109.0. Developed by
The Bank of New York has been selected by Banchile Administradora General de Fondos (Banchile) as global custodian for $120 million in assets currently being held by Banchile's various international mutual funds. The Bank of New York will offer Banchile