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
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.