Lincolnshire CC has appointed HSBC Actuaries and Consultants to help it find a global equity manager to handle its £1bn pension fund. The contract means HSBC is now advising eight local authorities on its pension fund investments, as market conditions tighten and potential returns become more difficult to identify. Jo Ray, financial adviser for pensions and investments at Lincolnshire CC, said HSBC's ‘cost effective charging options were… a contributing factor in choosing HACL as our partner in this project'.
