The trustees of the Dresdner Kleinwort Pension Plan have completed a full £1.2bn buy-in with Pension Insurance Corporation - covering the scheme's £900m final salary section as well as a £300m money purchase section.
Pension Insurance Corporation (PIC) has appointed Rob Groves as chief investment officer (CIO).
UK - Commerzbank is due to bring its ComStage ETF range to the UK in September.