UK asset management body announces first head of European affairs

The trade body for UK asset managers has created – and filled – the position of head of European affairs as part of its move to establish permanent representation in Europe. Johannes Woelfing, who has been with the Investment Association (IA) for four years, has been appointed to the role and will be the association’s main representative in Brussels as of […]

People moves: ATP names chief risk officer; Bfinance hires from Railpen

ATP, Bfinance, PKS, Partners Group, Amundi, Aon Denmark, Cardano, Dufas, PSP Investment Board, Societe Generale ATP – Kim Kehlet Johansen has been appointed as the new chief risk officer at Denmark’s largest pension fund ATP. He replaces Mads Smith Hansen who has decided to leave the fund in order to take a career break. Kehlet Johansen has worked at SEB […]

Independent review considers calls for UK audit regulator to be shut down

Local authority pension schemes have urged the UK government to break up the Financial Reporting Council (FRC) and make its successor bodies subject to full parliamentary scrutiny. currently reviewing the audit watchdog’s future, the Local Authority Pension Fund Forum (LAPFF) said the FRC was beyond reform and riddled with conflicting objectives. The submission – seen by IPE – said: “The […]

CEO of €7.6bn Scottish public sector pension fund to exit

The chief executive of Lothian Pension Fund, Scotland’s second largest local authority pension fund, is to step down at the end of the year. Clare Scott has been working for the local government pension scheme (LGPS) since 2005, rising through the ranks from pensions administration manager to investment officer to chief executive. Scott trained as an actuary at Norwich Union […]

Lobby groups clash over PEPP inflation protection proposal [updated]

Lobby groups have clashed over the structure of the EU’s proposed pan-European personal pension product (PEPP). Two groups of European parliamentarians have weighed in to the discussions about the PEPP’s rulebook, arguing in favour of inflation protection on top of capital guarantees. The committee for Internal Market and Consumer Protection has supported a guarantee “at least to equal the contributions […]