PEOPLE MOVES: Investec, Ascot Lloyd, Expacare
Investec’s top management is undergoing a generational changing of the guard, Ascot Lloyd has secured an industry heavyweight for its investment committee and medical insurance provider Expacare is bolstering its distribution and marketing.
PEOPLE MOVES: Jersey Finance, T. Rowe Price, State Street
Jersey finance promotes internally to fill Corrigan’s departure, T. Rowe Prices adds to its multi-asset team, State Street expands equity index group in Asia, and former French prime minister François Fillon goes into investment management.
Up to £50bn pulled from DB schemes in pension transfers
The amount of money being withdrawn through transfers from defined benefit (DB) pension schemes in the UK has reached a record £50bn since the pension freedoms came into force, according to new figures released by professional service group Mercer.