SWEDEN - The Second Swedish National Pension Fund, AP2, is tendering for global custody and cash management services, a brief currently held by Svenska Handelsbanken.
Stockholm-based AP2 has been operational since January last year. Recently, the fund posted a -3.7% drop in assets for 2001.
The SEK133bn fund is expecting to select between 5-20 candidates in the first instance. Deadline for applications is March 4, 2002.
Invitations to tender will be dispatched to successful candidates on March 18.
The fund declined to give any further details at this stage, stipulating that “this procedure leaves no room for additional information or contact with us during this initial selection process.”
By Madhu Kalia
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.