The £3bn Lothian Pension Fund has selected Hermes Equity Ownership Services to manage a voting and corporate governance overlay mandate.
The company will provide voting, corporate engagement and public policy services, on its global equity portfolios. Hermes EOS chief executive officer Colin Melvin said: "We are delighted to welcome Lothian...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.