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.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.