Fidelity Investments' international institution business president Richard Horlick has been seconded for three years to become chairman and president of Fidelity Management Trust Company in Boston.
He will be filling the presidency post that was made vacant by the resignation of John McNamara. Horlick will be responsible for the development of Fidelity’s global pensions business and will report to Peter Smail, president of Fidelity Employment Services Company.
David Stewart, current managing director of Fidelity’s UK institutional business, will now assume the role of president for the UK and European institutional business, reporting to Barry Bateman, vice chairman of Fidelity International Limited (FIL).
By Janet Du Chenne
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.