UK - David Hughson, deputy chief executive of Royal London Asset Management, has been made redundant.

A spokeswoman said he left in January after his "role was made redundant". Marketing now reports directly to chief executive Andrew Carter, she added.

Hughson has joined Edinburgh-based Blacket Research, a risk monitoring and measurement company for UK pension funds, as business development consultant. Blacket was set up last year by former Scottish Widows Investment Partnership institutional marketing director Roger Brown.

"We are delighted to have David on board as his experience and knowledge of the institutional pensions market will be an invaluable asset to our company and our clients during this exciting phase of our development," Brown said.

Hughson added: "I am looking forward to working with Blacket Research and using my experience to help develop its products and services.

"I have been impressed by the innovative solutions they have introduced in an area of key concern for pension trustees."

Blacket said it aims "to help trustees, pension managers, and finance directors quantify and understand the risks in their pension funds".

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