Aegon Asset Management has appointed Wendy Hay as its new chief investment officer, replacing Tom Crombie who retired at the end of last year.
Hay, formerly head of global equities at Standard Life Investments, will take up her new position in the third quarter.
Currently, Aegon's managing director, Russell Hogan, is the acting chief investment officer.
By Geoffrey Ho
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.