Legal & General Investment Management is hastily looking to recruit for its redefined investment strategy following the departure of Peter Knapton.
Knapton’s departure follows the crystallisation of the group’s core satellite investment strategy, which Knapton himself helped to develop. As part of the strategy, the group will manage large core passive portfolios, which are fringed by smaller, aggressively managed active portfolios.
Group investments director David Rough is looking outside L&G for a replacement for Knapton and for UK equities head Vanessa James, who left the company last year.
The new hire will be active-orientated rather than a passive business hire.
By Janet Du Chenne
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.