Mercer appoints new UK chief executive
Mercer has appointed Sylvia Pozezanac as its new UK chief executive. She will replace outgoing chief executive Fiona Dunsire. Pozezanac, will join the company in May - subject to regulatory approval. She has...
DC
Chris Sier launches low-fee transaction cost service
Called ClearGlass, the new service is designed to make the new cost transparency regime easy for pension schemes, trustees, consultants and asset managers. The service has been established by Sier, who is...
LGIM boosts ESG stance by voting against record number of company directors
Legal & General Investment Managers voted against a record number of global companies in 2018, according to its latest annual Active Ownership report. This report sets out details of LGIM’s stewardship and...
FCA consultation paper sets out new role for IGCs
The FCA is looking to extend the remit of Independent Governance Committees that oversee workplace pensions. In a consultation paper - published today - it sets out two key new roles for...
DC pensions poised to overtake DB schemes: ONS
The number of people saving into a DC workplace pension is almost level with those holding DB pensions, according to the latest figures from the Office of National Statistics. According to ONS...
Spike in LTA breaches following AE rollout
Since the introduction of auto-enrolment there has been a significant spike in the number of people breaching lifetime allowance ‘protections’ according to new HMRC figures. The figures were released following a freedom...
Trustees take steps to protect schemes from Brexit fallout
Almost two out of three trustees are now putting in place measures to prepare their scheme for Brexit, despite the ongoing uncertainty. This survey, by Hymans Robertson, found trustees were taking a...
Fiduciary managers fail to hit targets as markets slide
Fiduciary managers have failed to deliver returns for pension schemes over the past year, in what has proved to be difficult market conditions, according to a new report. In a new report...
Punter Southall Aspire hires new associate director
Punter Southall Aspire has hired Chris Eyre as an associate director, in a bid to expand its workplace retirement advice service. Eyre will be associate director of Punter Southall Aspire retirement services...
Institutional investors question value of active management
Less than a quarter of institutional investors said that actively managed portfolios were worth the additional cost, according a new report by Allianz Global Investors. This report - which surveyed almost 500...
