UK - Watson Wyatt has appointed Robert Brown as a senior consultant in its investment practice, effective from October.
Brown will be involved in advising some of Watson Wyatt's major investment consulting clients and supporting the firm's manager research effort.
He was previously the managing director of First Quadrant's London operation which he joined in 1995 and was responsible for the company's UK and European operations. Before that he was with NatWest Investment Management (now part of Gartmore) for 11 years serving as head of the group responsible for the management and asset allocation strategies of the largest mandates.
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.