UK - London-based investment manager Chiswell Associates has appointed a new head of pension funds marketing as part of a drive to attract larger schemes.
Chiswell aims to develop its business, with particular focus on the £10m-100m bracket. Wins this year include the £10m Presbyterian Church of Wales Pension Scheme, the £25m Leeds & Holbeck Pension Scheme and one undisclosed pension fund.
Last year the firm bagged its first contract from the £34m Chartered Accountants' Employees Superannuation Scheme.
Hill’s career includes vice president, institutional business for Franklin Templeton Investments, senior consultant in the manager advisory practice for Mercer Investment Consulting, and director-level marketing and product development roles for Natwest Investment Management and Citicorp Investment Management.
David Kidd, chief investment officer at Chiswell added: Our recent wins are welcome developments.
“The fact that, after a lengthy research process, someone of Simon's experience and reputation has chosen to join Chiswell gives us enormous confidence for the future growth of our pension fund business.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.