UK - Newton Investment Management, a subsidiary of Mellon Financial Corporation, has appointed Nick Clay and Rob Marshall-Lee as joint managers of the Newton Income Fund.
The company has also appointed Richard Wilmot as manager of the Newton Growth fund.
The £1.1bn Newton Income and £71m Newton Growth funds had followed a consistent investment strategy for some time, and the changes reflect Newton's aim greater differentiate between the two strategies.
The Newton Income fund will retain its focus on income and capital growth, while the Growth fund will return to its original focus on capital growth across the full spectrum of the UK equity market.
Tim Sharp warns the DWP's plans for collective DC risk establishing an inhospitable environment for the lay trustee
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.