UK - The London Pensions Fund Authority (LPFA) has tendered a £150m mandate for global real estate, as the £3.6bn fund undertakes a review of its investment management structure.
The fund had previously managed its real estate assets in house, and investment were limited to the UK.
But following the review, it is now looking for a specialist because it does not have global expertise in house.
The tender is for 36 months and the deadline for applications is 4 May 2007.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.