UK - Kevin Hardy (pictured) has been hired by Northern Trust Global Investments (NTGI) as the new European director of transition management.
Based in London, he will run NTGI’s transition management product and offering to institutional clients, direct product development and build the business.
In this capacity, Hardy will report to Eoin Murray, head of quantitative management for Europe in London, and Jeff Blanchard, global head of transition management at NTGI’s Chicago headquarters.
Before coming to NTGI, Hardy worked for State Street Global Advisors as deputy head of the global structured products group and as a fund manager at Legal & General Investment Management.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.