FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.
The international equities mandate will exclude emerging markets and be worth €150m each year for the next 3 years, with the potential to extend the mandate by a further three years.
Similarly, the investment grade bond mandate, which will be denominated in bonds will be worth €250m and run for three years.
ERAFP said the new allocations would have to conform to the fund's criteria on socially responsible investments (SRI) and the UN Principles of Responsible Investment (PRI), to which it is a signatory.
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
Plans to invest more than £3bn in strategic initiatives
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.