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
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.