UK - The London Borough of Haringey is seeking a provider of investment and actuarial services for its pension fund.
It is tendering a three-year contract for the provision of investment and actuarial services to the fund, which had net assets of just over £620m (€823m) to March 31 2007.
Hymans Robertson is the scheme's current investment and actuarial adviser and the results of the fund's latest triennial valuation, undertaken at March 31 2007, will be published early in 2008, although interim annual valuations commissioned by the scheme show funding levels had been improving, according to the scheme's statement of investment principles document.
The scheme's investment strategy was last reviewed in March 2007, when it reduced its allocation to UK equities from 43% to 30% and increased its global equity allocation to 35%.
The scheme, which covers employees of Haringey Council and 14 other employing bodies, also increased property investment by 4% at that time, and introduced a 5% allocation to private equity, as well as implementing active currency overlay and passive currency hedging strategies.
Deadline for tender applications will close at 1pm on April 1 2008.
If you have any comments you would like to add to this or any other story, contact Nyree Stewart on + 44 (0)20 7261 4618 or email firstname.lastname@example.org