Border to Coast has appointed PIMCO as the core manager for its multi-asset credit (MAC) fund.

The fund is expected to be launched in early 2021 and will sit within Border to Coast’s fixed income fund range, offering partner funds access to higher-yielding areas of public fixed income markets. The strategy will target cash plus 3 to 4 per cent pa through a diversified portfolio of high yield bonds, leveraged loans, emerging market debt, securitised credit and other fixed income assets.

Mercer has announced the appointment of Malcolm Reynolds as UK head of pensions administration.

Reynolds will lead a team of over 2,500 employees across 21 locations in the UK and India and will be responsible for client services and solutions to improve member outcomes. Joining the firm’s UK leadership team, he will report to Mercer UK head of wealth, Benoit Hudon. Bringing over 30 years’ experience to the role, Reynolds was previously based at JLT as managing director of the pensions administration business for over 15 years.

The Pensions and Administration Standards Association (Pasa) has appointed Paul Sturgess as board director.

Sturgess joined as board director on 1 January and replaced Tracy Weller, who held the position for three years previously. Prior to this, Sturgess, who is also RPMI pensions division managing director, was previously the Pasa membership and funding committee chair and brings over 38 years’ of experience to the role.

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