UK - The £1.2bn (€1.8bn) North Yorkshire County Council pension fund is looking for an independent financial advisor as current advisor Philip Williams' contract is running out.

"Williams is expected to participate in the tender," Neil Sellstrom, investment manager at the pension fund, told IPE. "It might well be that nothing changes. We will have to see what is on the market."

The fund has just concluded a major review of its 75% equity portfolio towards more specialist fund managers.

In early November it awarded a £680m global equity transition management mandate to Mellon.