CHINA - Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.
He replaces Gao Xiqing as CIO of the $332bn sovereign wealth fund, though Xiqing will maintain his position as vice-chairman and president of CIC.
Keping will also take on the role of executive director and vice chairman, replacing Zhang Hongli who is retiring.
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.