FRANCE - The French Pension Reserve Fund (FRR) has tendered one stand-by and five asset management mandates worth €5.8bn, or 18.5% of the portfolio.
FRR explained the aim was to renew existing mandates that were set to expire this year.
The fund said three mandates would be awarded for passive management of eurozone large-cap equity portfolios.
The remaining two and the stand-by mandate would be awarded for passive management of North American large and mid-cap equity portfolios.
The deadline for submisisons is April 6, 2007.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.