UK - Tremont Advisors has appointed Rupert Allan managing director of its UK-based subsidiary Tremont TASS (Europe).
Allan will be responsible for marketing and business development.
He joins from Societe Generale where he was the executive director of the structured alternative investment team responsible for marketing alternative investment products globally.
Prior to that he spent 13 years at Credit Lyonnais Rouse Limited where he was responsible for alternative investment.
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.