US/SWEDEN - CalPERS has appointed Kenneth W Marzion as interim CEO and AP4 has found a head of fixed income and currency.
Rob Feckner, president, CalPERS, welcomed Marzion to the position: "His extensive knowledge of CalPERS and his well-known staff leadership and talent will serve our system well during the transition and provide stable guidance for the day-to-day operations as the board focuses on its major priorities, including the recruitment for a permanent CEO."
In April CIO, Russel Read, and CEO, Fred Buenrostro, left CalPERS in the space of a week.
In Sweden, the fourth buffer fund, AP4, has appointed Bengt Lindefedlt as head of fixed income and currency following the departure of Leif Hässel in February.
Lindefeldt, most recently at AFA, has also held positions in this field at Norbanken and Carnegie, is set to join the fund on 1 September.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.