The £757m Cumbria County Council pension fund in the UK has dropped fund managers Phillips & Drew and retained Schroders Investment management following an overhaul of its investment strategy.
Interpens has learnt that P&D has lost its £302.8m balanced mandate with the Carlisle-based fund, although it remains unclear who has been appointed in its place.
Schroders Investment Management - who originally held a £378.5m balanced brief - has been reappointed.
SLC Asset Management have also been reappointed to a £38m property mandate.
The local authority fund tendered its entire assets earlier this year.
The review was advised by Hymans Robertson.
By Madhu Kalia
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.