AUSTRALIA - The AUD$731m ($378m) Australian Meat Industry Superannuation Trust (AMIST) has appointed Bank of Ireland to manage its investment in international equities, dumping Citigroup after seven years.
Fund secretary Paul Cahill said it was not yet clear how much the fund would allocate to the portfolio and calculations were still in progress.
Bank of Ireland pitched against two undisclosed shortlisted candidates.
AMIST is advised by PGE Australia.
By Janet Du Chenne
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.