UK - Threadneedle Investments has strengthened its fixed income team with the appointment of Quentin Fitzsimmons.
Fitzsimmons will be responsible for several institutional UK gilt portfolios, both conventional and index-linked, and will work alongside Sandra Holdsworth.
Most recently he was director of fixed interest (UK bonds) at F&C Management.
Robert Stirling, head of fixed interest at Threadneedle, said: As a result of changing the measuring of pension fund liabilities to using a bond derived discount rate, we anticipate further institutional allocation to fixed interest in the years ahead.
“Consequently, our bond team needs to be optimally staffed.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.