Including: GLOBAL - AIMA unveils Hedge Fund Matrix; UK - Royal London appoints new group financial controller; UK - Regulator appoints executive director for strategic development
The Alternative Investment Management Association (AIMA), in association with hedge fund and financial markets bodies has launcehed a website designed to bring together hedge fund sound practices for the benefit of the industry and other users.
The Hedge Fund Matrix, will allow hedge fund practitioners, investors and the regulatory community to able to compare various global guidelines, side-by-side, with the aim of harmonising existing standards.
UK - Royal London appoints new group financial controller
Royal London has announced the appointment of Duncan Hanlon as group financial controller, responsible for the Group's financial and management reporting, financial control activity and associated regulatory and statutory reporting requirements.
He has joined Royal London from the Cheshire Building Society and reports to Stephen Shone, Group Finance Director.
UK - Regulator appoints executive director for strategic development
The Pensions Regulator has named Bill Galvin as executive director for strategic development, taking over from Chris Dobson on Monday 13 October.
Galvin is currently a member of the Department for Work and Pensions (DWP) where he is deputy director for pensions protection policy.
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.