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.
Jonathan Stapleton says the success of the government's check your state pension service shows just how popular a dashboard could be if it can be launched.
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.