UK - Hertfordshire County Council Pension Fund has issued a £200m tender for a global equities manager.
The move followed the decision by the fund's investment committee that its portfolio should further reflect the globalisation of equity markets.
Nicola Webb, Hertfordshire County Council's finance manager, said: “A decision has been taken to restructure the fund's equity holdings from 60% in the UK [and] 40% overseas, to 60% overseas, [and] 40% UK.”
She said the estimated £200m would be taken from current UK equity holdings, but admitted it had not yet been confirmed how the managerial allocation process would occur.
The pension fund said it would look to appoint a manager by April 2008.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
Over two years since the collapse of the high street giant, BHS pension scheme members will be able to put their anxieties to rest thanks to a bulk annuity deal. James Phillips explores the detail.