Including: UK - Postal agreement; ITALY - New manager for New Star; UK - Pictet announces new CMO
UK – Postal agreement
The Royal Mail and the Communications Worker’s Union (CWU) have reached a tentative agreement regarding the future of its defined benefit (DB) scheme.
A release from the CWU has confirmed the scheme will be closed to new entrants, pending ratification by union members. The rights of existing scheme members are understood not be affected.
ITALY – New manager for New Star
Arcangelo Barletta has been appointed country manager for New Star International.
Based in Milan, Barletta will be responsible fro the development of relationships in the Italian institutional investment market.
UK – Pictet announces new CMO
Pictet Asset Management (PAM) has named Simon Males as its new chief marketing officer of UK institutional business.
Males would be responsible for targeting UK institutional investors and consultants and worked for F&C Management for 13 years, most recently as director and head of consultant sales.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings