UK - The London Stock Exchange has hired three senior executives to new posts in a bid to expand its business.
Karen Young joins the LSE as head of business development, information services. She was most recently commercial director at Caplin Systems.
Roberto Rivero joins as head of sales and marketing, information services. He has been advising growth potential at the exchange's information services business over the past year, before which he was marketing director at Royalblue Financial.
Both will both report to chief information officer, David Lester.
In addition, Guy Whittle has started as head of sales and product management within the market services division, and arrives from Dresdner Kleinwort Wasserstein. He will report to the new director of market services for which the LSE is currently recruiting.
Chief executive, Clara Furse, said: They will play a key role in delivering our growth strategy by diversifying revenue streams in providing a range of new products and services to a growing client base.
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.