Stocks

PepsiCo, Makro find new providers as Conduent exits Netherlands

The Dutch pension funds of PepsiCo and Makro have been forced to find new administrators after their pensions provider Conduent announced it would cease its operations in the Netherlands. The €559m Metro Pensioenfonds, linked to Dutch wholesaler Makro, said it would replace Conduent – a US-listed company that split off from Xerox in 2017 – with Achmea as its pensions […]

SNS Reaal scheme faces uncertain future as insurer client mulls exit

The €3.4bn Dutch Pensioenfonds SNS Reaal has raised concerns about its own sustainability after one of its main clients revealed it was considering a switch from a collective to an individual defined contribution (DC) plan. In its annual report for 2017, the scheme said that insurer Vivat had renewed its contract with the pension fund for only one year, until […]

Date with destiny? Schemes mull ‘Brexit day’ valuations

A small number of UK pension schemes are considering moving their next actuarial valuation date to avoid clashing with the country’s scheduled exit from the European Union. According to one estimate, as much as 25% of the UK’s defined benefit pension schemes are due to have a formal assessment of their funding positions at the end of March or beginning […]

People moves: Redington co-founder exits for wealth management role

Redington, St James Place, Man Group, Hymans Robertson, Societe Generale, Schroders, Epoch Investment Partners, Mesirow Financial Redington/St James Place – Rob Gardner (left), co-founder of the UK investment consultancy firm, is leaving to become director of investment management at St James Place, a FTSE 100-listed wealth manager. He replaces David Lamb, who will retire as a director in the new year. […]

APG appoints SEB’s Peter Branner as investment chief

The €479bn Dutch asset manager APG has appointed Peter Branner as its chief investment officer. He succeeds Ronald Wuijster, CEO, who was appointed to the executive board of APG Group as member responsible for asset management earlier this year.  Branner (left), a Danish national, joins from the €100bn Swedish asset manager SEB Investment Management where he was chief executive officer, […]