MOVERS & SHAKERS

Scottish Life has backed down on its position on the use of consultancy charging for automatic enrolment pension schemes.

Scottish Widows Investment Partnership's Daniel McKernan is to join Standard Life Investments as head of sterling investment grade credit.

The asset management industry must regain consumers' trust and boost pension saving or risk a financial crisis even worse than the 2008 crash, the Investment Management Association (IMA) has said.

Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.

Insight Investment has launched the Insight Buy and Maintain Bond fund for Adam Mossakowski, aiming to provide diversified exposure to global corporate bonds.

Justin Onuekwusi,lead fund manager on Aviva Investors' multi-asset funds, is to exit the firm.

FROM THE EDITOR

AUTO-ENROLMENT

The amount of physical gold purchased by private investors fell sharply in May after a sudden jump the month before, according to the latest Gold Investor Index from BullionVault.