Fife pension funds set to put 7% into property

Tuesday 16 December 2003 at 16:00

The Fife Council pension fund is tendering a £40m (€56.6m) property mandate, following the trend of UK pension funds that are looking to diversify and increase returns by investing in the asset class.

Hymans Robertson, the investment consultant, is advising the £571.4m pension fund on the 7% allocation into property. Deadline for tenders is January 21 next year.