Aviva Investors has poached a team of eight equity fund managers from Standard Life Aberdeen (SLA), including two sector heads, as it opens an Edinburgh office for the firm.
SLA head of global equities Mikhail Zvervev and head of global emerging market equities Alistair Way are among the hires. Also joining are fund managers Henry Flockhart and Adam McInally on UK equities,...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests