UK - The London borough of Hammersmith and Fulham Council's pension scheme is looking to award a £120m (US$238m) dynamic asset allocation mandate.
In February, the £1.5bn Durham County Council pension fund awarded a £100m dynamic asset allocation mandate to Barings in a radical shake up of its asset allocation.
Earlier this year the London fund issued a mandate for actuarial services including the triennial review of the fund's assets and liabilities, FRS17 accounting compliance and providing advice on the effects of new legislation.
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.