CANADA/KOREA - The Korean National Pension Corporation (KNPC) has chosen CDP Capital, the fund management arm of the Caisse de dépôt et placement du Québec (CDP), to provide technical assistance, consulting services and training for the management of its asset portfolio.
The KNPC insures more than 16 million individuals in South Korea and manages funds in excess of KRW75trn ($60bn).
The appointment strengthens CDP Capital’s presence in Korea. In 2000, the company helped set up the Korea Infrastructure Fund Management Corporation (KIFMC), which manages an investment fund that specialises in infrastructure and telecommunications projects in South Korea.
CDP Capital also plans to invest in the information technologies, manufacturing and service sectors. Real estate investment is also among the company’s priority areas.
By Janet Du Chenne
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.