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.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).