EUROPE - F&C, the pan-European asset manager with 90bn euros under management could be floated on the stock exchange by its parent Eureko.
Eureko would propose to retain a majority shareholding following any initial public offering and F&C would continue to be the focus of Eureko’s asset management activities.
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.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.