J.P. Morgan Asset Management has promoted John Stainsby to head of UK institutional as the firm looks to expand its business with UK pension funds and local government authorities.
He will be responsible for running the UK institutional business and report to global head of institutional business Mike O'Brien. Stainsby replaces Peter Ball who quit the firm to join JLT Benefit Solutions...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.