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Ignis chief executive to leave firm

Ignis Asset Management chief executive Gavin Stewart is leaving the firm.

Stewart is to be replaced by the the firm’s current chief operating officer Chris Samuel who will also be appointed to the executive committee of parent company Pearl Group.

In his new role, Samuel will be responsible for Ignis’ retail arm and Pearl’s fund management business Axial.

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.

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