UK - Islington Council is looking for a manager to run an overseas equities mandate worth over a third of its £347m scheme's assets.
The mandate comes after Islington successfully completed the sale of several properties in a bid to plug its scheme’s £100m deficit.
The scheme is currently split 70:30 between equities and bonds and Islington said that while the overall asset allocation will not change, overseas equities will make up 45% of its total assets, up from its current 40% weighting.
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
In this week's Pensions Buzz, we want to know if you think Guy Opperman will stay in post as pensions and financial inclusion minister under the new prime minister.
The City and County of Swansea Local Government Pension Scheme (LGPS) will swap around a quarter of its assets to a low-carbon fund by the end of the month, it has announced.