UK - The Nottinghamshire County Council (CC) pension fund has announced it is looking for a new actuary.
Speaking to Global Pensions, Simon Cunnington, investments officer, Nottinghamshire CC, said the contract was up for tender as the previous mandate had come to an end.
According to the latest actuarial report, the fund had a deficit of £483m last year and has 40,000 active members.
Oxfordshire CC has also announced it has put a £100m (US$197m) ten year passive UK equities mandate out to tender.
Recently, the East Sussex CC pension fund placed a £275m passive UK equities mandate out to tender (www.globalpensions.com ; 7 April 2008).
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.