UK - Clerical Medical Investment Management (CMIM), a unit of HBOS's fund management business, has appointed Keith Lovett as chief operating officer.
Lovett joins CIO Michael Deakin and managing director Gary Mairs to complete the firm’s senior line-up. He reports to chief executive Douglas Ferrans and is responsible for supporting the business, including finance, investment administration, performance analysis and IT.
HBOS’s Asset Management business was created at the end of last year by combining Clerical Medical Investment Management, Halifax Investment Management and the investment unit of Equitable Life. The operation manages £62bn, of which £8bn is institutional business.
By Madhu Kalia
PP has compiled a list of what to watch out for over the coming months.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.