The £3.7 billion ($5.5 billion) Lancashire County Council Pension Fund, Preston, England, issued an RFP for a global custodian, according to Mike Jensen, head of treasury management and the pension fund.
The fund’s policy is to review contracts after five years, Mr. Jensen said. Incumbent BNY Mellon Asset Servicing was invited to rebid.
Further information can be obtained from Thomas Murray, a specialist pension consultant firm, at https://rfp.thomasmurray.com. Proposals are due April 15; an appointment is expected in May.