GLOBAL - The Irish Pensions Board has engaged ten providers of legal and economic research and actuarial services to form an advisory panel of expertise.
David Malone, head of information, the Pensions Board, told Global Pensions: "We are not paying the firms a retainer fee and are satisfied we have a more inclusive and broad based options with this panel approach than engaging just one company for each discipline."
The Pensions Board enlisted a range of companies, both international and local as members of the group. These included Mercer, Hewitt and the Irish Government Actuary's Department.
In Sweden, the fourth AP fund (AP4) has launched a search for passive global equities managers.
The €80bn (US$116bn) fund said its passive global equity holding currently stood at €3bn (US$4.4bn) and it would look to appoint between one to three managers to the mandate, funding only one initially.
In the year ending 30 June 2007, the fund's total global equity allocation made up 41.2% of its portfolio but only created a 7.2% return which missed its benchmark by 0.7% according to the fund's annual report.
In December AP4 appointed BlackRock to a Pacific equities mandate.
The AustralianSuper superannuation fund has appointed Mercer as specialist service provider for its corporate division which has over AUS$1.6bn (US$1.4bn).
With this new partnership, Mercer will be responsible for administration, call centre and online services to clients and members.
Ian Silk, chief executive, AustralianSuper, said Mercer had demonstrated capacity to accommodate complex plans with a defined benefit component.
Local government minister Rishi Sunak says his department's priority is to make a success of local government pension pooling, warning there is no room for complacency.
The Association of Consulting Actuaries (ACA) has appointed its first female chair, Jenny Condron. Victoria Ticha speaks to her about the key pension issues that must be addressed and how to bridge the industry's gender gap
In this week's Pensions Buzz, we want to know whether you agree with MPs that enhanced powers for The Pensions Regulator (TPR) will only be effective if there is also a cultural change at the watchdog.
Smart Pension has appointed ClaritEx to develop its cost transparency solutions effective from Q3, making the master trust its first client.