FRANCE - The €31.8bn Fonds de Réserve pour les Retraites (FRR) has renewed State Street Global Advisors' (SSgA) currency mandate.
SSgA is to manage the French fund’s currency risk with the additional task of implementing its tactical asset allocation.
The FRR launched the search when SSgA’s original contract ran out in June.
SSgA has taken on the contract for a period of two years, with the possibility of a one-off renewal.
In August 2007, the FRR appointed Nicolas Sobczak, a former executive director at Goldman Sachs, as CIO following the departure of Jean-Louis Nakamura.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.