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People on the move: Pensions

Equitable Life chairman Vanni Treves has decided to retire later this year after eight years in the role. He will be succeeded by current non-executive director Ian Brimecome. Brimecome was appointed to the board in January 2007 and is chairman of the investment committee.

Legal & General has appointed London Stock Exchange chief executive Dame Clara Furse as an independent non-executive director of the group. Furse will join the board on June 1. She has been chief executive of LSE since January 2001 and will step down from this position on May 20. She will remain on the LSE board as a director until mid-July.

Aviva has appointed Rexam chief executive Leslie Van de Walle as an independent non-executive director. Van de Walle is also a non-executive director of Aegis Group but he will retire from the position this month following six years on the board. Aviva says Van de Walle has extensive marketing and brand experience, particularly in the consumer goods sector.

Hargreaves Lansdown group Sipp business development manager Dave Petchey has been made redundant as the firm admits it is changing its distribution strategy due to cost pressures. Petchey was responsible for liaising with third-party introducers.

Hargreaves Lansdown will not give details as to how the distribution strategy is changing or how it will impact on the firm’s market share but says it remains committed to the group Sipp market.


RPI-linked annuities sink further with deflation

Some pensioners with Standard Life or Prudential retail price index-linked annuities will see their incomes drop by 1.2 per cent after the Bank of England revealed yesterday that inflation has sunk further.

IMA wants retail bond boost

The Investment Management Association says the UK corporate bond market is impeding direct retail participation and has called for reform.

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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