UK - Friends Ivory & Sime (FIS) has strengthened its fund of funds and global portfolio construction teams with three new appointments.
Robert Pemberton, a former international fund manager with the London & Manchester Group, joins the firm as head of global portfolio construction. Pemberton's is a newly created role at FIS and his responsibilities will include developing the firm's global funds capabilities and the management of £500m held in the Friends Provident International Growth unit trust.
Additionally, Pemberton will head up the fund of funds team.
The other two hires are Richard Philbin and Patrick Blessing, who both join the firm's fund of funds team.
Philbin joins FIS as a fund manager, replacing Bambos Hambi, whilst Blessing has been appointed as an analyst. Prior to his arrival at the firm, Philbin was a fund manager at Towry Law Investment Management. Blessing joins the fund of funds team from FIS' investment writing division.
By Geoffrey Ho
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).