Alan Brown, the chief investment officer at Schroders, is to step down from the board and from his role at the next AGM.
The UK and the eurozone will fall back into recession in the next 12 months as countries try to cope with a serious European credit crunch, Schroders says.
The Treasury must create instruments focussed specifically on the needs of pension schemes if it is to persuade them to invest up to £50bn in infrastructure, argue industry figures.
Current investment theory and practice runs the risk of failing investors at their time of greatest need, a new group of investment managers warns.