UK - Merseyside Pension Fund has appointed UBS Global Asset Management to manage a US equity contract, according to MandateWire.
UBS declined to comment
In other UK news, MandateWire reported the Henderson Global Investors Group Pension Scheme had implemented an LDI strategy.
The £346m scheme has diversified its investments to include alternatives for the first time, with a £23m allocation to absolute return hedge funds and an £2m allocation to European property.
The fund has now increased its fixed income allocation to 58% of the whole portfolio, mostly held in UK government bonds. In addition, 4% is in secured loans, emerging market debt and credit alpha funds.
The equity allocation has fallen by 22% to 28%, with only 9% of assets in UK equities.
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.