NETHERLANDS - Dutch pension fund PNO Media awarded a US$146m global emerging markets equity mandate to Principal Global Investors.
The portfolio will be benchmarked against the Morgan Stanley Capital International (MSCI) emerging markets index, Principal head of institutional sales for Benelux & Scandinavia Ulrika Bergman confirmed.
According to data by eVestment Alliance, Principal's emerging markets portfolio returned 2.04% in the three years ended June 30, underperforming the benchmark by 92 basis points.
However, five-year returns were stronger. The strategy was up 16.29% in the five-year period, beating the benchmark by 158 basis points.
Officials at PNO could not be reached for comment.
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.