The Pension Protection Fund’s chief investment officer, who oversaw the development of its investment strategy and the growth of funds under management to £12bn, is to step down from his post in August and take up a role at Aviva.

According to a spokeswoman for the Pension Protection Fund, McKinlay will leave the PPF in August to the newly-created role of pensions investment director at Aviva. According to aiCIO's website, he will manage the staff pension scheme.