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.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead