The Pension Protection Fund has appointed Hewitt Associates to advise it on longevity risk.
The lifeboat fund said Hewitt would help it assess the level of its current and future longevity risk exposure while developing a cost benefit analysis of its risk mitigation options. PPF director of...
ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.
US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.
UK - The £1.5bn ($2.3bn) Dorset County Pension Fund has appointed JLT Investment Consulting to help it select a new bond manager.