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.
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PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.