UK - Scottish Widows Investment Partnership chief investment officer Sandy Nairn is to set up his own investment boutique, industry sources claim.
The development comes only a week after Nairn and SWIP’s head of retail fund management Graham Campbell quit.
The two are now thought to be going into business together.
Contractual reasons have stopped Campbell from revealing any details but consultants think the pair have left to set up their UK and global equities boutique.
One leading consultant said he was “surprised” at the development.
He speculated that with both managers’ experience in equities the venture could do well.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model