NETHERLANDS - Dutch pension fund manager PGGM has appointed Eloy Lindeijer as its new chief investment officer.
He replaces Johan van der Ende who left in October claiming "mutual expectations within the executive committee would impede successful co-operation". (Global Pensions; 4 October 2010) Jac Kragt, chief finance and risk officer, had been serving as CIO on an interim basis.
Lindeijer will begin on 1 September and report to chief executive officer Martin van Rijn. He joins from De Nederlandsche Bank (DNB) where is division director of financial markets.
van Rijn said: "We are delighted that Eloy is joining us. His thorough knowledge of the financial markets and his management experience mean he is ideally placed to provide strong leadership of the Asset Management unit and to serve as a member of our Executive Committee."
The appointment is subject to approval by the DNB.
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.