UK - The £2.2bn Tyne & Wear Pension Fund is looking to hire an actuary to replace the incumbent, Watson Wyatt.
The move comes after Watson Wyatt’s decision to pull out of the local authority market to concentrate on its corporate clients.
The scheme – which is sponsored by South Tyneside Council – said the deadline for interested consultants was May 8, and that it was looking to have Watson Wyatt’s replacement installed in June.
The contract is worth approximately £220,000 over the course of a triennial valuation cycle.
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