SCOTLAND - Edinburgh Fund Managers (EFM) has appointed Chris Hegarty as a UK equities large cap manager.
This appointment follows earlier hires to the team, including Robert Waugh, formerly at Phillips & Drew, who was appointed head of UK large cap equities in May, and David Binnie, who joined as deputy.
Hegarty joins EFM from Scottish Widows where he was a retail portfolio manager. He was also responsible for UK technology analysis and latterly managed both the Scottish Widows Environmental Fund and Abbey Ethical Fund.
Commenting on the move Waugh said: “[Hegarty’s] appointment completes the restructuring of the UK large cap team.”
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers