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.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.