UK - The £775m Worcestershire County Council Pension Fund has released the size of some of its recently announced new mandates.
The fund is tendering several briefs following its adoption of a core-satellite investment approach.
Worcestershire is now looking for managers for a £215m specialist UK active equities portfolio, and a £70m specialist active equities brief covering the Americas. The deadline for rfps has also been extended to July 31.
The size of other mandates - specialist European active equities; specialist Far East active equities; passive UK, USA, and Europe equity, and a bond portfolio - will also be released shortly.
The fund is also tendering for a global custodian and is using an in-house adviser.
By Madhu Kalia
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.