FRANCE - The Fonds de Réserve pour les Retraites (FRR) has appointed Nicolas Sobczak, a former executive director at Goldman Sachs, as CIO following the departure of Jean-Louis Nakamura.
Based in Paris, he was responsible for the macroeconomic analysis of the euro zone and the currency’s interaction with financial markets.
Sobczak has also worked at the French ministry of finance and the International Monetary Fund (IMF).
The FRR has also announced it would retain Global Securities Consulting Services Limited (GSCS) to analyse its fund managers’ transactions for cost and efficiency.
Nakamura, left the fund to join the Etablissement de Retraite Additionnnelle de la Fonction Publique (ERAFP) as CEO at the beginning of August.
He replaced Phillipe Caïla who resigned last month to become president Nicolas Sarkozy’s deputy chief of staff.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.