UK - Financial adviser Heath Lambert Group has promoted Mike Bruce to chief operating officer in the UK.
Bruce participated in the successful integration of the Lambert Fenchurch and Heath Groups and has previously been the group’s operations and IT director and chief operations officer of business services.
Prior to joining the group, Bruce was a systems and management consultant, having worked for Logica, Andersen Consulting (now Accenture) and Impact Plus.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.