UK - The London Boroughs of Hounslow and Barnet have issued contract notices for third party administration services and independent pension fund advisers respectively.
The £460m Hounslow Pension Fund has invited tenders for administration service providers. The winning bidder will be required to provide a full range of administrative services, including the preparation of annual benefit statements and end of year processing. The contract, when awarded, will run for 144 months.
Industry Voice: Sponsored by Eaton Vance
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.