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Industry Group Holds First Meeting in Tokyo


In anticipation of the introduction of the first Japanese version of 401(k) retirement savings products in the fall of 2000, the National Investment Company Services Administration of Wellesley, Mass. is holding a conference in Tokyo on Dec. 8 for U.S. and Japanese investment management professionals. The conference, the first NICSA will hold in Japan, will provide an opportunity for attendees to trade information about each other's defined contribution and pension markets.

The one-day conference, "Japan-USA Asset Management Forum," is being co-sponsored by the Kenzai Institute of Tokyo, Japan's version of the Investment Company Institute.

NICSA has held international conferences in Luxembourg for the past eight years and in Dublin, Ireland for the past three years.

Yuji Tuchima, the chairman of Japan's House of Representatives' subcommittee on private annuities, will deliver a keynote address. His speech will be followed by a discussion of the Japanese pension system and the imminent introduction of defined contribution plans, by Kikuo Senbo, the chief analyst for the Research Institute of Senior Life of Tokyo. Other speakers will address the changing Japanese investor.

Teresa McGonagle, a partner with PricewaterhouseCoopers LLP of New York, will give an overview of the evolution of the U.S. retirement plan market.