UK - Scottish Widows Investment Partnership has strengthened its UK small cap team with the appointment of two investment directors.
Johnny Russell joins from Edinburgh Fund Managers where he was investment manager, UK smaller companies’ desk.
He will manage the small cap section of several funds and will be responsible for undertaking research into the media, entertainment, leisure, chemical and transport sectors.
Andy Gray joins SWIP from LeggMason Investors where he was also fund manager in the UK smaller companies team. He will now manage the small cap section of several funds and will be responsible for research into pharmaceutical, insurance and software sectors.
Both report to Gregor Macdonald, investment director, head of pan-European small cap research.
Commenting on the appointments, Macdonald said: “Their appointments will add considerable weight to our UK team and their joint knowledge will be invaluable in helping SWIP to develop our retail and institutional portfolios”.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.