People Moves | 15 Sep 16
PEOPLE MOVES: Orbis Access, Ascentric, LGIM
Orbis Access hires Old Mutual International’s Marcel Bradshaw to head up its UK retail division, while the Ascentric platform appoints Simon Gully to a newly appointed role. LGIM lures its new head of head of DC solutions from JPM Asset Management, while ex-Baring chief investment officer Ken Lambden is hired as part of a senior management shake-up.
Investment | 15 Sep 16
Pimco rolls out US IG corporate bond fund
PIMCO has launched the PIMCO Global Investor Series US Investment Grade Corporate Bond Fund.
Australia scraps A$500k lifetime superannuation cap
The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime cap curbing the amount people can save into their pensions.
Best Practice | 15 Sep 16
The world will ban commission within five years, says JPMAM
Regulation is moving at such a fast pace that within five years all financial services markets around the world will ban commission and implement an RDR-like regime, Jasper Berens, head of UK funds at JPM Asset Management has predicted.
Number of European active funds beating benchmarks rose sharply in 2015 – Lyxor
Lyxor Asset Management has found that close to half of European domiciled active funds outperformed their benchmarks last year, a big increase on 2014.