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Schemes challenge managers to tackle lack of diversity
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U K Asset Owners Pledge to Push Managers on Diversity
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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’.
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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