UK - Essex County Council Pension Fund has appointed Martin Currie to run a £45m UK active equity mandate.
Martin Quinn, head of investments at Essex County Council Pension Superannuation Fund, said: “We were impressed by Martin Currie’s ownership, investment process, presentation and track record.”
Allan MacLeod, head of sales at Martin Currie, said: “We’re delighted to have been selected for this mandate. Essex County Council and their advisers were looking for experienced stock-pickers with proven performance and a robust investment process. We were able to deliver on all three. This confirms our position as a leading manager in the UK active equity sector.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers