The UK's £1.2bn Shipbuilding Industries Pension Scheme (SIPS) has dumped Newton Investment Management (NIM) following the defection of Toby Thompson from its team.
The investment house has been dropped from a £100m UK equity brief which is now being managed by Gartmore Investment Management whilst a suitable replacement is sought.
Thompson is to set to join New Star as a fund manager although his start date is yet to be decided.
The Basingstoke-based fund is advised by Stamford Associates.
By Madhu Kalia
PP has compiled a list of what to watch out for over the coming months.
The Pensions Regulator (TPR) spent just under £60,000 on a rebrand, including the design of a new logo and implementation of a refreshed colour scheme, Professional Pensions can reveal.
In this week's Pensions Buzz, we want to know whether or not you believe default decumulation pathways are a good way to tackle members' confusion at retirement.
The increase in minimum auto-enrolment (AE) contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.