The £292m London Borough of Harrow Pension Fund has cut £100,000 off the fees it pays to investment managers.
Following a recent best value exercise, the fund decided to slash the fees it pays to Merrill Lynch Investment Managers and Phillips & Drew. Senior finance assistant Heather Herting said the fund decided to negotiate a different rate after realising that its current fees were too high.
London Borough of Harrow Pension Fund is advised by consultants Hymans Robertson.
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