UK - The London Borough of Newham Pension Fund is tendering an active currency mandate worth between £25-30m.
The mandate, which is equivalent to 5% of the total pension fund, is for an active currency pooled fund providing returns "in the region of 20% p.a. above LIBOR".
Investment managers are invited to tender for the contract, which will start on the 1 February 2007, by the 15 November.
Between five and 20 investment managers will be invited to tender.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.