The $12bn (£8.3bn) Indiana Public Employees' Retirement Fund (PERF) has hired Strategic Investment Solutions (SIS) as its new alternative investment consultant and is looking to make private equity investments in the first quarter of 2002.
According to a source at the fund, San Francisco-based SIS will provide education to the fund’s trustees regarding private equity, and PERF will probably make its first investments in that asset class during the first quarter of 2002.
William M Mercer is the fund's general investment consultant and assisted PERF with the search.
By Geoffrey Ho
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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