UK - The Royal County of Berkshire pension fund has tendered a £410m currency overlay mandate incorporating both passive hedging and active management.
The pension fund, as administered by the Royal Borough of Windsor and Maidenhead, is seeking one manager to take over the brief.
The mandate has a long term target and no minimum or maximum duration.
By Lisa Haines
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.