UK - State Street Global Advisors has appointed Anthony Kemple as an investment manager in its currency management team.
Kemple will report to Paul Duncombe, head of currency management and will be responsible for the management of existing accounts and will contribute to ongoing research and development programmes. He will be based in London.
Kemple joins SSgA from Forex in New Zealand where he spent two years as a treasury consultant responsible for advising clients and executing deals in foreign exchange and debt management.
Prior to joining Forex he spent nine years at Goldman Sachs, most recently as a foreign exchange trader/currency overlay manager.
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.