UK - The £499m Highland Council Pension Fund is tendering for investment advisory and consultancy services.
The fund requires advice on fund level, investment managers, asset classes, AVCs and asset liability modelling.
The deadline for bids for the five-year contract is 10 January 2007.
Earlier this year, the Highland Council completed a review of its investment arrangements, which led to wholesale changes at the fund. Previously, the scheme had been managed by both Baillie Gifford and Rothschild Asset Management.
The scheme appointed Alliance Bernstein as well as Fidelity Investments to run a £74m fixed income brief, Schroder Investment Management to run a £29m property portfolio and Legal & General Investment Management to run a £123m passive mandate.
In August, the fund also announced it was considering extending its commission recapture programme to cover all its fund managers.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.