US - The California State Teachers' Retirement System (CalSTRS) is searching for an investment consultant to advise the scheme's investment committee.
CalSTRS issued a request for proposals yesterday. The filing deadline is October 22 and a short-list is slated to be announced at the November 6 investment committee meeting.
The consultant will advise on the status of the asset allocation, help conduct asset liability reviews and review the defined contribution plan, among other services.
Incumbent Pension Consulting Alliance is invited to re-bid, the scheme said yesterday.
The US$126.9bn pension fund invests 54% in global equity, 21% in fixed income, 12% each in private equity and real estate and 1% to cash.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.