US - The San Francisco City and County Employees' Retirement System (SFERS) has gone out to tender for a search firm to help it replace executive director Clare Murphy, says deputy director for investments David Kushner.
The deadline for submissions is January 15, according to the RFP issued on the system's web site. Officials at SFERS will recommend finalists to the board at a February 9 board meeting.
SFERS provides retirement benefits to 55,000 employees, retirees and their beneficiaries. The system manages a US$16bn defined benefit plan and a $1.7bn defined contribution plan.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled