Westminster Council Pension Fund, London, hired Deloitte as investment consultant and Amaces as custodian bank consultant, and rehired Hewitt Associates as actuary, said Ian Woodall, chief investment officer of the £630 million ($945 million) fund.
Deloitte replaces Mercer as investment consultant. Mercer, whose contract had expired, was allowed to rebid when the search began in June.
Mr. Woodall said the question of whether the fund's investment committee will ask for a new asset allocation review won't be answered until after local council elections in May, which could change the composition of the investment committee.
Amaces replaces Mercer Sentinel in the role of selecting and monitoring the fund's global custodian, BNY Mellon. Mr. Woodall said the monitoring is part of the fund's regular governance process.