The £872m (€1.4bn) Rhondda Cynon Taff County Borough Council may look to change its investment portfolio strategy from a balanced approach towards a more specialist one, following a review set to take place in March.

The Welsh pension scheme's assets are currently divided on a balanced basis between two managers, Deutsche Asset Management and F&C Management. DeAM manages two-thirds of the assets, while F&C Management runs the remaining third, all on an active basis.