UK-based Standard Life Investments (SLI) is looking to hire five key fund managers for a new office in the United States.
The new Boston based office, along with SLI's existing operations in Montreal, will report to Norman Raschkowan, SLI's head of North American equities. SLI said that current Canadian funds will continue to be managed in Montreal, with the new US business handled by the Boston office.
According to SLI, establishing a presence in the US is the next logical step in it's plan to become a global investment house. Speaking about the opening of the Boston office, Keith Skeoch, SLI’s chief investment officer, said: In the current environment, it is important to be a global player with the ability to deliver quality global products into the market place. The creation of the US office will help SLI provide superior, consistent performance for all our funds under management.
By Geoffrey Ho
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.