EUROPE - T. Rowe Price and Lane Clark & Peacock (LCP) have both announced expansion plans across Europe.
Andrew Marks, regional head for southern Europe, T. Rowe Price, said: "Spain is important for the global growth of T. Rowe Price. The institutional marketplace is developing and opportunities exist for groups with our credentials to partner with local players and provide the retail community with access to quality investment solutions."
LCP has merged with Dublin-based HLD Actuarial Consultants (HLD) to create Lane Clark & Peacock Ireland. The company said the deal, only a month after opening offices in the Netherlands, was an integral part of its expansion strategy.
David Lane, partner, LCO, said: "Establishing an LCP business in Ireland is an important part of our European expansion programme. There are major business opportunities in Ireland following the Irish government's recent launch of the Pension's Green Paper."
The newly formed subsidiary has retained HLD's former directors Martin Haugh, John Lynch and Conor Daly, to lead the company and has also appointed Declan Lavelle. LCP said the similarities between Irish and British pension systems made the firm well placed to establish itself in the Irish market.
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.