UK - The £1.2bn (€1.8bn) North Yorkshire County Council pension fund has chosen Mercer as investment consultant.

The company is to work alongside independent advisor, Philip Williams, who has been re-appointed.

Neil Sellstrom, principal accountant with the fund explained that Mercer had succeeded after a competitive tender. "Mercer scored well against all of our criteria but we were particularly impressed with the risk analysis and strategic asset allocation tools supported by a knowledgeable and pragmatic team."

In January, North Yorkshire awarded a £46m global tactical asset allocation mandate to UBS Global Asset Management. The appointment followed a major review of its 75% equity portfolio towards more specialist fund managers last year.