NETHERLANDS - The Pension Fund Social and Economic Council of the Netherlands (SER) has brought in ING Investment Management to take fiduciary responsibility for the scheme.
Equity and real estate investments will be split between ING, which will also use external managers, and Bank Insinger de Beaufort.
ING/AZL will take responsibility for all reporting, consolidated accounts and risk assessments, with ING Investment Management taking final responsibility.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).