BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.
The investment management firm called the changes, developed after a six-month review of the management structure, "an evolution, not a drastic change". In an internal memo seen by PP sister title Global...
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.