Tim Callaghan has left Morley Fund Management to join Gartmore Investment Management.
Callaghan will join the asset manager on May 29, 2001 where he will be portfolio manager in the European equities team. He will report to Stephen Jones, Gartmore's head of European equities.
Prior to joining Gartmore, Callaghan was a fund manager at Morley where he had special sector responsibility for European utilities, insurance and pharmaceuticals. Callaghan has also worked as a portfolio manager for BG Pension Funds Management and Mitsui Life International. Callaghan has been an investment manager since 1991.
By Geoffrey Ho
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.