UK - The £910m (US$1.4bn) Lincolnshire County Council Pension Fund has hired JLT Benefit Solutions to pursue a manager for a £150m portfolio of alternatives.
It is the second local authority appointment to JLT following its acquisition of HSBC Actuaries and Consultants.
The consultant will provide a full manager search via its search work on investment managers service.
Lincolnshire CC financial adviser - pensions and investments Jo Ray said the fund chose JLT following a recent successful global equity search.
JLT head of research Dave Lyons added: "We are delighted to be assisting Lincolnshire on this specialist project. In addition to the analytical and research skills used in previous search projects, this search will also incorporate stochastic ‘forward looking' analysis, in recognition of the complexity of this specific mandate."
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.