ROMANIA - Fondul Proprietatea has announced a list of investment managers hoping to take part in the management of the scheme.
Over 20 managers have expressed an interest in taking over investment mandates, including HSBC, UBS, Deutsche Bank, Goldman Sachs Asset Management, Fortis and JP Morgan.
The Fondul appointed Schroders to act as adviser in selecting managers and said it intended to list on the Bucharest stock exchange in 2009.
At the moment, the Fondul is 15% owned by private citizens and 85% by the Romanian government. The government has said it intended to meet its compensation obligations by redistributing its own assets to claimants.
The Fondul's portfolio was made up of some 88 Romanian companies, many of which are pre-IPO or pre-privatisation and includes several strategically important energy companies.
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.