The £850m West Sussex County Council Superannuation Fund has put a £40m alternative fund-of-funds mandate up for tender.
Rosemary Burfoot, group accountant at the fund, said that the deadline for expressions of interest is August 10, 2001. Formal proposals are to be received by August 23, with an appointment scheduled for December.
Burfoot added that the mandate would cover a range of alternative investment products, such as private equity, hedge funds and buyout funds. Additionally, Burfoot revealed that the fund is about to conduct a best value review. The review is expected to finish in the first quarter of 2002.
By Geoffrey Ho
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of Pensions Freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.
The Association of Consulting Actuaries (ACA) and Royal London have proposed a "pensions pound" to "radically simplify" defined benefit (DB) pensions rights.
Around 5,000 members of the Johnston Press Pension Plan are expected to enter the Pension Protection Fund (PPF) following a pre-pack administration (PPA) by its sponsor.