EUROPE - Carlo Eräkallio has been appointed managing director of Mandatum Asset Management, the investment division of financial services group, Sampo effective.
The appointment follows Ari Aaltonen’s resignation for personal reasons.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.