US - The $23bn Illinois Teachers' Retirement System (TRS) has named Charles Self as its new chief investment officer (CIO), effective from December 1.
Prior to his appointment at the Illinois TRS, Self was senior vice president and director of the investment portfolio department at ABN AMRO North America. Before that, he was vice president, fixed income portfolio manager for CSI Asset Management of Chicago.
Self's appointment brings an end to Illinois’ long running search for a new CIO. Earlier in the year, the fund lost both its executive director and CIO when Keith Bozarth and Mark Caplinger left their respective positions.
Until the arrival of Self and Jon Bauman as executive director, Caplinger's deputy, Kim Pollit, held both positions.
By Geoffrey Ho
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.