The Pension Protection Fund (PPF) has produced a shortlist of potential providers of various specialist investment advisory services, according to a mandate award notice on the EU tender website.  

The board of the UK lifeboat scheme said it was looking to set up a panel of specialist investment advisers who could be “engaged on short notice” to advise on one or more areas.  

The PPF’s shortlist includes the following asset managers and consultants: Allianz Global Investors Europe, Altius Associates, Aon Hewitt, Bfinance UK, Cambridge Associates, Cardano Risk Management, CBRE Indirect Investment Services, Goldman Sachs Asset Management, Inalytics, KPMG, Mercer, Redington, Russell Investments, State Street Bank and Trust, StephStone Group Europe and Towers Watson.

According to the framework agreement, the areas of advice would include asset overlays, asset rebalancing, collateral management, derivatives, hedging, illiquid assets, responsible investment, stock lending, structured products, transition management and the “development and management” of the PPF’s investment approach.

They also include liability-driven investment management, strategic asset allocation and tactical asset allocation, as well as other areas such as fund-manager due diligence, analysis of co-investment/direct opportunities, manager monitoring, research and selection in new/existing asset classes and operational reviews.