UK - The London Borough of Enfield pension fund has pulled £25m (US$51m) from its allocation to UK property in favour of European markets.
Downturns in UK real estate returns over the last few months were a consideration, but not the major reasoning behind the new allocation, according to sources close to the fund.
In June the borough's pension fund awarded a £15m (US$30.6m) infrastructure mandate to Babcock & Brown.
Elsewhere, Tameside Metropolitan Borough Council has awarded Drivers Jonas the contract to value the Greater Manchester pension fund's property portfolio.
According to its 2006 annual report, the £8.5bn (US$17.3bn) pension fund's directly owned property portfolio comprised of 72 properties valued at £525m (US$1bn), and its indirect property portfolio included six specialist property unit trusts with a value of £108m (US$220.7m).
In August a spokesperson said the pension fund's portfolio was valued every year and this was part of a retendering exercise for valuers.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.