UK - Scottish Widows Investment Partnership has appointed Colin Burt as investment director for high yield in its global bond and economics team.
Burt joins from Abbey National Treasury Services (the wholesale banking subsidiary of Abbey National) where he has worked as a portfolio manager since 1999.
His remit will be to manage the high yield part of all SWIP bond funds. His appointment takes SWIP’s global bonds and economics team from 19 to 20 fund managers.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.