UK - Frank Manduca has been hired to manage the UK small cap equity team at UBS Global Asset Management.
Formerly the manager of Gartmore’s UK smaller companies fund, Manduca has won several awards for the performance of the funds that he manages.
Manduca will report to head of European Equities Richard West and will be responsible for several funds including UK smaller companies – a fund that outperformed its benchmark by more than 10% a year over the three years to the end of June.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers