UK – The £3bn (€4.4bn) South Yorkshire Pensions Authority has tendered for a corporate governance advisor.
“Expressions of interest are being sought from appropriately qualified organisations to provide corporate governance, socially responsible investment and voting services for the two pension funds the authority manages,” a statement said.
“The mandate includes assisting with policy development, monitoring and review as well as the mechanics of executing proxy votes and providing audit trails etc.”
The South Yorkshire Pension Fund has assets of £2.9bn and more than 50,000 contributors and around the same number of deferred or active pensioners. The closed South Yorkshire Passenger Transport Pension Fund has €130m in assets.
Both schemes are active in corporate governance and support the Local Authority Pension Fund Forum. The closing date is September 5.
Earlier this month the Barnsley-based fund said it was seeking an advisor for a £220m commercial property portfolio – putting incumbent Standard Life Investments under scrutiny.