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UK roundup: WMPF leads retirement planning initiative

LocalGov co uk - Your authority on UK local government - Pension fund joins national conversation on retirement planning

Pension fund joins ‘national conversation’ on retirement planning West Midlands Pension Fund (WMPF) has become the first fund in the Local Government Pension Scheme to join an initiative that’s starting a ‘national conversation’ about retirement planning. WMPF, which is one of the UK’s largest pension funds, is among six organisations to become the first Friends of the Retirement Living Standards alongside major firms including Legal & General and Standard Life. The fund is also the first of the 87 funds within the Local Government Pension Scheme to be involved. The Retirement Living Standards scheme is run by industry body the Pensions and Lifetime Savings Association (PLSA) with the aim of creating ‘a common language to help the UK engage with retirement saving’.

People moves: New deputy CIO role at AP Pension

AP Pension, following the appointment of Rasmus Cederholm as the company’s new investment chief last week. The firm said it had appointed Hemmingsen as deputy CIO – a newly-created role, and Normark Nielsen as its new head of equities, filling the role being vacated by Cederholm, who has been promoted to replace current CIO AP Pension said that as deputy CIO, Hemmingsen would become part of the management of its investment team, taking on special responsibility for bonds and credit investments. He has worked for the pension fund since 2017 as its head of fixed income, having previously spent eight years at PenSam in various managerial roles including as its CIO.

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