SCOTLAND - The near-£2bn Lothian Pension Fund is looking for a manager to handle a new global equities brief.
The Edinburgh-based local authority fund is tendering an estimated £80m portfolio. The deadline for applications is May 17, 2002 with the contract expected to run for five years.
The move stems from a structural review of the fund conducted by Hymans Robertson last year, and is not part of a current, wider overhaul of portfolios, said investment manager Colin Hay.
Lothian currently invests its assets in UK equities 51%; overseas equities 28%; UK fixed-interest (incl. index-linked gilts) 9%; UK property 9%; cash and deposits 3%.
By Madhu Kalia
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.