UK-based investment house New Star has appointed Toby Thompson as a fund manager.
Thompson joins Alan Miller and Richard Pease and will be responsible for the New Star higher income fund, expected to be launched later this year. He joins from Newton Investment Management, where he managed the Newton higher income fund since 1996 and also managed the RBS Income Fund. Previously he was a UK analyst at Eagle Star Investment Management which he joined in February 1992.
His start date is yet to be decided.
*New Star recently launched two new funds, the UK growth fund and European growth fund. The offer period closes on July 20, 2001.
By Madhu Kalia
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.