UK - The L'Oréal UK pension fund has been forced to increase its contributions by 0.5% to 10.5% of pensionable salaries after announcing a £4m slump in the value of the fund.
The fund blames its shortfall squarely on Baring Asset Management, citing “disappointing performance” in running an overseas equities mandate. In the 12 months to 31 March 2001 the overseas equity...
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