Scottish Widows Investment Partnership (SWIP) has appointed Graeme Caughey as fund manager in its global bonds & economics team.
Caughey will be responsible for a number of gilt portfolios for retail and institutional clients and will report to Alan Reid, head of fixed income.
He joins from Morley Fund Management where he was a UK gilts fund manager.
By Madhu Kalia
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.