Mike Weston, chief investment officer at the Daily Mail and General Trust's £2 billion pension schemes, is set to move on from his role in August. He is the second senior figure in UK pensions whose departure has emerged in as many weeks.

Speaking to Financial News, Weston confirmed his departure plans but declined to comment further. Succession arrangements are unclear at this stage. A spokesperson for DMGT Group did not immediately respond to a request for comment this morning.