NETHERLANDS - Dutch Telecoms firm KPN has delayed the hiring of managers to run new market neutral portfolios for its staff retirement plan.
Jan Willem Baan, the EUR5bn fund’s chief investment office said that manager appointments will not be made until the end of the first quarter. The fund is looking for two managers to run a EUR30m European market neutral brief and a US market neutral portfolio. Baan declined to reveal any further details.
According to International Pension Funds and their Advisors, the fund currently allocates 56% of its assets to equities, 38% to fixed income, and 6% to real estate.
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.