INCLUDING: GLOBAL - PIMCO chief returns to the fold; UK - Personal Accounts appointment, UK - More join UNPRI, UK - F&C appointment
GLOBAL – PIMCO chief returns to the fold
Mohamed El-Erian, is to return to PIMCO as co-CEO and co-CIO after leaving the company as managing director in October 2005.
El-Erian had spent seven years with PIMCO before joining Harvard Management Company.
UK – Personal Accounts appointment
Jeannie Drake has been appointed to the Personal Accounts Delivery Authority as a non-executive director.
Formerly a member of the Pensions Commission, Drake retains her position on the board of the Pension Protection Fund (PPF).
UK – More join UNPRI
Asset manager RCM has signed up to the UN Principles of Responsible Investment (UNPRI).
RCM is the global equity company within Allianz Global Investors, and its latest figures showed it held £650bn in assets under management.
UK – F&C appointment
F&C has appointed Paras Anand as head of European equities.
Anand leaves Deutsche Asset Management in New York, where he was director for European equities.
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).