UK - Somerset County Council has announced a tender for actuarial services and investment advice for the local government pension scheme.
Hewitt Associates is the actuary at present, but with the current contract at an end, the council wants to keep its options open, said funds investments manager Anton Sweet. “Basically it has been too long since we have tested the market. We were happy with Hewitt, and we fully expect them to be one of the participants.”
According to the official tender, the council is seeking “expressions of interest from suitably qualified suppliers, to provide advice to the fund which administers the Local Government Pension Scheme on behalf of both the County Council and in excess of 50 other employers in the Somerset area. “
The deadline for tender responses is 09 December, 2005.
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