NORWAY - The Ministry of Finance has appointed Partners Group as real estate consultants in preparation for the national pension fund's possible investment in the asset class.
An allocation to real estate, a first for the fund, was initially mooted by the ministry in the summer of 2007.
Norges Bank suggested the government separate out the asset class with effect from the beginning of 2008 and also permit an allocation to infrastructure, both in an unlisted basis.
The bank already manages NOK40-50bn in such investments for the fund, mainly through equity instruments.
The ministry received six tenders relating to this request. The contract would entail 40 days work, according to the original request.
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