UK - Merrill Lynch Investment Managers (MLIM) has appointed Jeff Morton (pictured) as fund manager on the MLIM real estate team.
Morton joins MLIM after having held directorships at both CLS Holdings and Hemingway Properties.
At MLIM he will report to Ian Mason, head of the MLIM real estate team.
Commenting on the appointment, Mason said: “Morton's depth of expertise will prove invaluable and he will be a great addition to the team. ”
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.