UK - Two council briefs held by Deutsche Asset Management have been put out to tender.
The London Borough of Barking and Dagenham Superannuation Fund is looking for a manager for a £160m specialist active global equity mandate. DeAM currently manages the entire £290m fund.
And the £675m Rhondda Cyon Taff Council has put a £330m balanced equity mandate, currently managed by DeAM, out to tender.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.