UK - The North Yorkshire Police Authority is tendering for a pensions administrator.
The authority is responsible for providing payroll services for approximately 2,500 current employees and 1,400 receiving pensions. There are no fund management requirements.
Between 5-10 service providers will be invited to tender.
The contract will start for three years from February 1, 2003 with possible extensions of up to three years.
Expressions of interest should be in by May 16, 2002.
The move is being advised internally.
By Madhu Kalia
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.