INCLUDING: AUSTRALIA - ING appointment; BELGIUM - New Fortis CEO; SWEDEN - Schroders move and appointment; UK - UKSIF celebrates 15 years; UK - BNY Mellon announces deal in China; UK - NAPF endorses AREF code
AUSTRALIA – ING appointment
ING Investment Management (INGIM) has appointed Dan McCarthy as senior portfolio manager in tactical strategies to its international equities team.
McCarthy joined from Colonial First State Investments where he actively managed foreign currency exposures on international strategies.
BELGIUM – New Fortis CEO
Olivier Lafont has been promoted to the post of CEO of Fortis in Belgium. His former role was as head of Belgian institutional sales at Fortis Investments.
Lafont replaced Peter de Proft who has joined the European Fund and Asset Management Association (EFAMA).
SWEDEN – Schroders move and appointment
Christian Boman has joined Schroders’ as sales manager in its Swedish office. The asset manager has also relocated to Sveavägen 9, Stockholm.
Boman was most recently general manager for FIH Erhvervsbank Stockholm.
UK - UKSIF celebrates 15 years
The UK Social Investment Forum (UKSIF) has released a report documenting and celebrating its work over the past 15 years.
The report featured comment from figures in the institutional investment sector.
UK - BNY Mellon announces deal in China
BNY Mellon Asset Management, the asset management arm of The Bank of New York Mellon Corporation, has received approval from the China Securities Regulatory Commission (CSRC), to provide sub-advisory services in relation to a Qualified Domestic Institutional Investor (QDII) mandate for Chinese investors.
The QDII programme allows Chinese investors to access foreign fund management capabilities.
UK - UK - NAPF endorses AREF code
The National Association of Pension Funds (NAPF) has endorsed the recently re-launched AREF Code of Practice.
AREF is the representative body for unlisted commercial real estate funds and the code seeks to ensure investors and fund managers are provided with factors such as transparency and accountability.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.