UK/ LUXEMBOURG - Franklin Templeton's Templeton Growth (Euro) fund is now worth over EUR1bn (£639m), less than two years after its launch.
The fund is now the third Luxembourg-based mutual fund to exceed EUR1bn in size.
Initially, the fund was aimed at German investors but it now has an investor base consisting of UK institutions and a mix of retail and institutional investors across other European nations.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.