Royal London Asset Management

Schroders has become one of the largest asset managers to sign up to the Local Government Pension Scheme's (LGPS) code of transparency.

Royal London Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.

A number of asset managers are to vote against the re-election of Sports Direct board members, including its chairman Keith Hellawell, at its annual general meeting (AGM) on 6 September.

Royal London saw its group pensions new business grow to £2.5bn in the first half, compared to £1.9bn in H1 last year, according to its interim financial reports.

Unchanged from previous month

The industry has reacted with concern after Labour revealed its plans to increase income tax, maintain the state pension age at 66, and impose new taxes on investments.

Major pension funds and asset managers have voted against the re-election of Sports Direct founder Mike Ashley and chairman Keith Hellawell at the company's annual general meeting on 7 September.

The Pensions Ombudsman Anthony Arter has confirmed he will defend against appeals if he believes it is in the public interest.

The 300 Club has welcomed Unilever's pension global chief investment officer (CIO) Mark Walker to its team of investment professionals.

Royal London Asset Management (RLAM) has hired Nick Woodward as head of liability driven investments (LDI).