UK - Falkirk council pension fund has tendered for a passive manager for a mandate worth between £150m-£325m.
The £959m fund has £388m invested in UK equities, £290m international equities and just over £100m each in property and fixed interest.
It also has small holdings in private equity (£14m) and £29m in cash.
In addition, the £1.2bn North Yorkshire pension fund has announced it is seeking a manager to run a £60m indirect property portfolio for six years, with the potential to increase the mandate for another three.
In May, Global Pensions reported the fund was seeking a £250m global equities mandate (globalpensions.com; 20 May).
The London Borough of Hammersmith and Fulham has also announced it has appointed Barnett Waddingham as actuaries to its fund.
In early July, the fund said it was tendering for two mangers to run dynamic asset allocation mandates worth £120m (globalpensions.com; 1 July).
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point