UK - The House of Commons has tendered for a specialist bond manager to oversee a £50m active UK bond brief for the Parliamentary Contributory Pension Fund.
“The maximum duration of the contract will be 108 months (9 years from date of award) but will include periodic reviews with options for earlier determination of the contract, depending on the outcome of the reviews,” the tender notice stated.
Mercer Investment Consulting is advising the search process. Deadline for tender is April 28.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).