UK - Two Yorkshire pension funds have increased the size of a jointly run investment advisory panel in line with recommendations in the Myners report.
The £2.3bn South Yorkshire Pension Fund and the £125m South Yorkshire Passenger Transport Authority pension fund have unveiled a raft of new appointments to the panel which has been increased in size to four members from three previously.
The new appointments are Threadneedle Investments chief investment officer Sarah Arkle, CCLA Investment Managers director Anthony Hardy and the former Phillips & Drew chief executive Paul Meredith.
They join Merrill Lynch’s Neil Mckinnon who has been adviser to the two funds since 1994. The two advisers leaving the panel due to commitments are David Sutherland of Britannic Asset Management and Andrew Tunningley of Bacon & Woodrow.
Pensions authority chairman Arthur Dunthor said: “The panel’s role, as a provider of independent advice to both counsellors and officers, is crucial to and I’m sure that in the three new advisers we have tapped into a wealth of experience and expertise bar none.”
By Shifa Rahman
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