EUROPE - Fortis Group is on the verge of appointing Jaap Glasz as its new co-chairman.
Fortis, the parent company of Fortis Investment Management (FIM), will decide upon Glasz’ appointment when its board of directors meets on February 13. If the board confirms his appointment, Glasz will replace Hans Bartelds, who stepped down at the end of last month.
Currently, Glasz is vice chairman of Fortis’ board of directors. When Glasz is promoted to co-chairman, board member Jan Slechte will take up his old position.
FIM currently has EUR103bn in assets under management, of which 26% are institutional. The fund manager has offices in the Netherlands Belgium, France, Hong Kong, the US and China.
By Geoffrey Ho
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.