Consolidation – Page 9
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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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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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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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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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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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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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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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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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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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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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Pension SuperFund signs up second client in £300m deal
DB consolidation vehicle’s first deal was submitted to the regulator for clearance in May
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Dutch multi-employer scheme backtracks on consolidation plan
Multi-company schemes have fallen out of favour in recent years with the rise of APFs – Pensioenfonds Pon is the last remaining in the Netherlands
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€3.2bn Delta Lloyd scheme assessing options following NN acquisition
The scheme’s board has decided against merging with NN’s CDC scheme but could move to an APF, stay independent, or opt for a buyout with an insurer
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LGPS Central raises £700m for emerging markets fund
Four local authority funds support emerging markets equity mandate, run by BMO, UBS and Vontobel
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ASR grows consolidation vehicle with €1.2bn pension client
The insurer’s general pension fund’s assets are set to grow to €3.5bn, while its membership will hit 7,000
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Dutch scheme Owase to join ASR’s consolidation vehicle
€900m manufacturer’s scheme will boost Het Nederlandse Pensioenfonds’ assets to €2.4bn, making it the second-largest APF in the Netherlands
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UK government consults on merger of two local authority pension funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency risks
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News€75bn Australian pension mega-merger kicks off consolidation drive
First State Super and VicSuper deal will create Australia’s second biggest superannuation fund, and three more multi-billion-dollar deals are in the pipeline
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€21bn pension merger back on track as transport sector schemes agree terms
Industry-wide pension schemes for railways and public transport agree to join forces after 2016 discussions collapsed
