UK - The £1bn (US$1.47bn) Oxfordshire County Council pension fund has appointed Peter Davies as independent adviser to the scheme.
Davies was appointed after the fund's incumbent independent investment advisor decided to retire after 17 years service with the scheme.
The contract will run for five years, with the option to extend for a further five years should the fund desire to do so.
According to the fund's latest annual report, as of 31 March 08, its portfolio was divided 28.8% UK equities, 30.6% overseas equities, 9.4% UK Fixed Interest and 2.0% Overseas Fixed Interest.
In terms of alternative investments, the fund has a considerable allocation to a diverse range of assets, including a 3.4% allocation to a tactical asset allocation fund, just over 3% in hedge funds, and over 6% each in private equity and property.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
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