NETHERLANDS - The e11.7bn Doctors Pension Funds has awarded JPMorgan a transition management mandate, with e9bn in government bonds already transitioned.
The Doctors Pension Funds - comprised of Stichting Pensioenfonds voor Huisartsen, a scheme for general practitioners, and Stichting Pensioenfonds Medische Specialisten, a scheme for medical specialists - said it had decided to shift from internal to external fund management. .
The two funds’ assets will be managed by 30 external fund managers.
JPMorgan said the mandate represented the largest transition management transaction it had handled to date, and described it as “one of the largest transactions in Europe this year.”
John Minderides, head of transition management at JPMorgan in Europe, described it as a “significant mandate.”
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.