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.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.