UK - Morley Fund Management has strengthened its UK institutional team with two appointments.
Angela Campbell joins as consultant sales director. She arrives from American Express Asset Management where she was marketing director responsible for developing institutional business in Northern Europe.
Andrew Richmond has joined as a client relationship manager with responsibility for a number of segregated and pooled pension clients. Previously, he was at the Bank of Tokyo - Mitsubishi where he spent 12 years as a client investment manager. Prior to this he performed the same role for 4 years at Henderson Administration.
Commenting, Malcolm Le May, deputy chief executive officer and managing director Europe at Morley said: These appointments reinforce our commitment to providing a high level of client service and we look forward to further developing our relationships with the investment consultants and our clients.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.