US - The California State Teachers' Retirement System (CalSTRS), has enlisted Barra Analytics to help it select and monitor external equity managers.
CalSTRS, the second largest public pension plan in the US with over US$160bn in assets under management, said Barra Analytics would analyse the risk and performance of their external managers and perform due diligence on any new managers being hired.
MSCI Barra managing director and global head of client coverage, Baer Pettit, said: “CalSTRS is implementing Barra products in other areas of its organization and the adoption by the external equity group reinforces the value of Barra risk tools in the investment process."
MSCI Barra said CalSTRS was one of the major public pension plans to license Barra Analytics on the FactSet platform.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.