The £3.5 billion Lothian Pension Fund is seeking advisers for its investment strategy (IS) panel, Global Pensions reports. The new hires will replace Hymans Robertson and Gordon Bagot, whose contracts will expire on Sept. 30, 2011. The contract will be signed for five years with an option to extend it to eight years. The applicants will be required to submit their tenders by Aug. 12, 2011 and the decision will be made by October this year.

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