UK - Cornwall County Council has tendered actuarial services for its £980m (€1.4bn) pension fund.

The defined benefit scheme's current actuary is Hymans Robertson LLP in Glasgow, which also provides financial advice for the council.
 
Asked whether Hymans Robertson LLP will re-tender, Vic Lush, the pension funds investment officer, told IPE: "I think it is probably likely that they will do."
 
The council is offering a five-year contract from December 1 with the option of extending it another two years subject to a review.  The deadline for receipts of tenders or requests to participate is October 3.
 
The pension fund covers over 15,000 members. In March it  reported returns of 26.6% but performance was 0.1% under benchmark.



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