UK - London-based investment manager Chiswell Associates has appointed Simon Hill as its new head of pension funds marketing in a bid to attract larger schemes.
Chiswell aims to develop its business, mainly in the £10m-100m bracket. Wins this year include the £10m Presbyterian Church of Wales Pension Scheme, the £25m Leeds & Holbeck Pension Scheme and one undisclosed pension fund.
Last year the firm bagged its first pension fund contract from the £34m Chartered Accountants' Employees Superannuation Scheme.
Hill’s career to date includes vice president, institutional business for Franklin Templeton Investments, senior consultant in the manager advisory practice for Mercer Investment Consulting, and director-level marketing and product development roles for Natwest Investment Management and Citicorp Investment Management.
David Kidd, chief investment officer at Chiswell added: “The fact that, after a lengthy research process, someone of Simon's experience and reputation has chosen to join Chiswell gives us enormous confidence for the future growth of our pension fund business.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.