Friends Ivory & Sime's (FIS) private equity division has appointed Fiona Dane as its new assistant director of fund management.
Dane was previously at Barclays Ventures, one of the bank's in house private equity investment arms. Prior to that, she was at Baronsmead, where she focused on new private equity investments.
Speaking about her appointment Dane said: I am delighted to be joining FIS Private Equity. The team has developed a strong platform that is set for significant growth.
FIS Private Equity applies a research led, sector focused style to investment in unquoted European companies. The firm's main areas of interest include business services, healthcare, information technology, media and communications. The firm invests between £2m and £20m of equity in companies at all stages, excluding start-ups.
By Geoffrey Ho
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.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.