PennPSERS appoints investment consultant

The US public pension has named a general investment consultant.

Pennsylvania Public School Employees’ Retirement System announced the results of PSERS RFP 2018-2 for investment consulting services. AON Hewitt Investment Consulting (AHIC) was awarded a 5 year contract to provide investment consulting services for PSERS Defined Benefit and Defined Contribution Plans pending successful contract negotiations. AHIC is PSERS’ current general investment consultant.

Additionally, PSERS investment professionals and consultants worked over the past eight months in response to the resolution to develop the long-term plan which focuses on renegotiating management fee arrangements to create a better alignment of interest between PSERS and each investment manager and expanding PSERS internal management.

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