UK - Northumberland County Council pension fund has tendered for an active UK corporate bond fund manager to oversee a £47m bond portfolio.
The fund said the appointed manager would be required to manage a portfolio of bonds with the aim of outperforming a composite bond benchmark, predominantly corporate bonds, by 1% per annum over rolling three year periods.
The search is being conducted in-house.
Deadline for tender is May 23.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.