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Mike O’Brien, co-head of global investment management solutions, JP Morgan Asset Management

A number of different pensions systems around the world have demonstrated that size and scale can drive economies of scale and provide a platform to invest in more optimal investment strategies than just public equities and bonds, thus creating better outcomes for savers. There is a case in favour of scheme consolidation, but there needs to carefully considered parameters and strong governance. In this respect, we can learn from practises adopted by overseas systems.

Financial News asked senior buyside executives would the pension fund industry benefit from scheme consolidation?

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Views from the top: Pension scheme consolidation

Clare Dickinson

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Citigroup overhauls debt capital markets team in Europe

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The unit has faced senior departures in recent months. Citigroup has now combined teams and named new leaders

Fidelity International hires Axa IM’s Le Morhedec as global fixed income CIO

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Axa IM veteran joins after more than 20 years with the Paris-headquartered group

UBS UK high net worth boss Chris Oliver resigns

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Global family office boss Michel Frey to take on new City role

Consumer prices rose 3.4% in May compared with a year earlier, down from the 3.5% of April but still well above the BOE target, with oil price rises threatening to keep inflation higher for longer.

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Oil prices remained volatile and major indexes were mixed in Asia as markets continued to digest the unfolding Israel-Iran conflict amid waning hopes for a quick de-escalation.

Oil Markets Volatile as Investors Watch for Mideast Escalations

Referring to the impact of artificial intelligence, Andy Jassy tells employees, “We expect that this will reduce our total corporate workforce.”

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Employees’ days are bleeding into the evening, new data show—thanks to a growing load of meetings, emails and, yes, actual work.

More of Us Are Putting in Extra Hours After the Workday

Research Affiliates, which once criticized the popular investing strategies, now sees growing value in them.

Rob Arnott’s Firm Says the Time Is Finally Right for ‘Smart Beta’

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