UK - The £9.8bn (US$19bn) Strathclyde Pension Fund announced it has reappointed Northern Trust as master custodian.
The £100m Strathclyde Pension Fund Number 3 Fund, a subsidiary of the main Strathclyde fund, has also appointed Ruffer LLP as a long-only absolute returns manager with a £15m mandate.
The Number 3 Fund is closed to new members, but includes former employees of Strathclyde PTE who transferred to Strathclyde Buses in October 1986.
The Number 3 Fund runs alongside the £9.8bn Strathclyde Pension fund.
As Global Pensions recently reported (www.globalpensions.com; 6 May 08), the Strathclyde Pension Fund has launched a comprehensive review of its investment managers, making sure they conform to the fund's social and ethical investment guidelines.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.