NEWS IN BRIEF
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.
Latest stories
TPR and South Wales MP to listen to plight of steelworkers
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group takes over Corinthian Pension Consulting
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
TPR uses production order power for first time; revokes 74 chair's statement fines
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
ITN scheme appoints Trafalgar House as administrator
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
