Consolidation – Page 9
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News
CBBA rebukes Dutch IORP II implementation as Aon abandons relocation plans
Consultancy “struggles to convince Dutch schemes in a continuing changing environment”
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Country ReportDenmark: Fresh blood replaces the obsolete
Consolidation has reduced consumer choice within the commercial pensions sector, but it has encouraged two labour market funds to fill the void
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News
‘Too small’ schemes DNB, IBM to leave provider TKP
“Costs had become too high following new legislation”
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NewsAuthorisation regime slashes size of UK master trust market
Market now comprises 53 fewer schemes, with one new prospective entry being assessed
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News
Dutch railways and public transport schemes to merge
SPF and SPOV cite ever stricter local and European legislation as main reason
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Australia's QSuper and Sunsuper in merger talks
Australian supers begin discussions on a possible merger
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News
Dutch food supply scheme to transfer to multi-sector fund, cuts inevitable
AVH currently expects reductions of 10% due to differences in the schemes’ coverage ratios
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News
PLSA urges regulator to give small, good quality schemes ‘space to thrive’
The trade body has come to the defence of smaller schemes in a consultation response after the UK regulator called for small schemes to be merged away
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News
Netherlands roundup: KAS Bank sacks BlackRock from €100m mandate
Plus: The €700m Equens pension fund has opted to transfer to Centraal Beheer, insurance company Achmea’s consolidator subsidiary
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News
UK roundup: Drinks maker appoints Willis Towers Watson to DB scheme
Plus: Trustee company wound up after insolvency investigation found ‘numerous instances of misconduct’
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News
Gabler targets Nordic expansion after sale to Swiss, Danish investors
The Norwegian pension and investment consultancy has sold a 70% stake to Nordic Insurance Consolidation Group
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News
London pension schemes abandon Allianz equity fund [updated]
Three LGPS funds within the London CIV asset pool have pulled their money out of an Allianz global equity vehicle
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News
Dutch shipping sector scheme to lose mandatory status
The €970m Pensioenfonds Rijn- en Binnenvaart lacks support for compulsory participation and could be restructured to allow more employers to join
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News
UK health insurer transfers £20m DB scheme to master trust
TPT Retirement Solutions has consolidated a ‘wide variety’ of schemes in the past year
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NewsNetherlands roundup: Energy firm’s scheme seeks consolidation vehicle
Also: The average age at which Dutch workers retire has risen to 65, according to Statistics Netherlands
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News
Dutch IT sector scheme TrueBlue seeks consolidation options
The €362m industry-wide pension fund says it is ‘too small’ and has abandoned a plan to become the sector scheme for the digital sector
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News
Mitsubishi completes $2.7bn First State acquisition
First State Investments is the 15th biggest global infrastructure manager by assets according to IPE data
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News
Alcatel-Lucent scheme’s liquidation to last until 2023
Parent company Nokia will continue to compensate the pension fund for terminating its contract in 2011, while contributions will be channelled to members since transferred to PME
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News
Food wholesaler Sligro to join Achmea’s consolidation vehicle
Centraal Beheer adds another pension fund client, bringing its assets under management to €1.9bn
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News
Pension SuperFund signs up second client in £300m deal
DB consolidation vehicle’s first deal was submitted to the regulator for clearance in May
