FRANCE - The €31.3bn Fonds de réserve pour les retraites (FRR) has awarded five passive management mandates worth €500m to a group asset managers. The mandates have been awarded for a period of three years, and may be extended to four years.
It meant North American (US and Canada) large and mid cap contracts were awarded to BlackRock Asset Management and Vanguard Investments Europe SA. Barclays Global Investors was also appointed as a stand-by manager.
In terms of the Euro-area, large cap equities have been awarded to Vanguard Investments Europe SA, Barclays Global Investors and UBS Global Asset Management France.
The FRR said it was delighted with the quality of the proposals submitted and thanked all the candidates.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.