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.
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.