UK/SWITZERLAND - Newcastle Building Society is moving its pensions business to Swiss firm Zurich Financial Services after 13 years with Norwich Union.
It takes effect from March 2003 and sees Zurich providing financial solutions including Threadneedle pensions, to the society’s 450,000 members.
ZFS recently announced partnerships with the Bristol & West and Market Harborough building societies.
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The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.