WATSON WYATT has hired Jagdeep Singh Bains as a senior investment consultant to its newly launched quantitative research and investment systems group.
The consultant said Singh Bains will report to Mark Beardall who is global head of the new group. Singh Bains has previously worked in various roles at BARRA, Merrill Lynch and Barclays Global Investors....
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.