UK - Gartmore Investment Management has merged its Continental and pan-European equity desks.
The merger – which follows a spate of senior appointments – is aimed at streamlining the main decision-making teams.
Gary Clarke will assume responsibility for the Gartmore European Focus Fund, working with head of the European equities Stephen Jones.
Clarke is continuing his role as lead manager on the Gartmore SICAV pan-European Fund and the Gartmore Capital Strategy Europewide Fund.
The pan-European small-cap team is unaffected by the change.
Jones said: “By combining the two areas, we believe we will be in a position to create a more efficient process, maximise the talent within the team, continue to deliver strong and consistent investment performance and consolidate our pre-eminent position within the European equities arena.”
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.