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.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.