Tony Watson, Hermes Pensions Management's chief investment officer, has been appointed as non-executive director at Edinburgh Fund Managers.
Additionally, John Wright joins the firm as non-executive chairman. He replaces Colin Ross who retired, having been chairman of the fund manager for the past ten years.
Watson's appointment to the board of Edinburgh Fund Managers is his second within two weeks, since he is also joining the board of Botts Holdings. Last week, it was revealed that Hermes is acquiring a 21% stake in the private equity fund management and investment company Botts Holdings, parent company of Botts & Company.
By Geoffrey Ho
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.