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
In this week's Pensions Buzz we want to know what you think of the government's proposals set out in the DB white paper, which include new powers for the regulator.
The pensions watchdog has been through some testing times and is making significant changes to the way it regulates. Speaking to Stephanie Baxter, Mark Boyle takes stock and looks to the future
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.