UK - Gareth Isaac and Jamie Grant (pictured) have joined Axa Investment Managers as fund managers. Based in London, both will report to UK head of fixed Income Denis Gould.
Isaac joins from Newton Investment Management where he was a fixed income fund manager for six years.
Grant will focus on fixed income credit derivatives.
He joins from the Commonwealth Bank of Australia where he spent five years working in the corporate finance department, managing the bank’s portfolio and focusing on credit derivatives.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
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.