FRANCE - The €35bn (US$54.7bn) Fonds de reserve pour le retraite (FRR, France's reserve retirement fund) has placed four mandates out to tender.
The Japanese equities mandate would be run as a total market, active strategy worth up to €900m. FRR said up to three managers may be appointed for this activity.
The €600m Asia-Pacific (ex Japan) equities strategy would be run as a passive mandate for on a single manager basis.
The US equities mandates would be split into two separate active management lots, each worth €800m. The mandates will focus on large and mid cap growth and value strategies respectively.
The FRR said interested parties should submit tenders by 12 noon (Paris time) 27 August.
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.