UK - Scottish Widows Investment Partnership (SWIP) has appointed WestLB Mellon's Craig Veysey as global bond product head.
The newly-created role will see Veysey responsible for managing the SWIP Global Bond Plus fund and the Scottish Widows International Bond fund.
He will report to SWIP's bond fund management head Stuart McMaster,
He joined the firm from WestLB Mellon Asset Management, where he was an associate director responsible for managing over US$1.2bn in global bond funds.
The appointment comes just three days after SWIP chief executive Chris Phillips left the firm to take up a similar role at Morley Fund Management in the summer.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.