The £300m (E448m) UK Akzo Nobel pension scheme has put out to tender a mandate to run the scheme’s assets, following on from the appointment of Morgan Grenfell and Schroders as balanced managers to the old Courtaulds UK pension scheme – now part of the Dutch group, at the start of the year. Bert Kiffen, co-ordinator of international pension affairs at Akzo Nobel, says: “We are currently carrying out an ALM study for the scheme with Watson Wyatt, which hopefully will show us whether we need to go down the active or balanced route for the fund’s management.” A decision is expected in the next two months.