Over the past week, large sections of the pensions industry, as well as unions and consumer groups, have lashed out at the government's decision to implement a pot follows member system of consolidation.

The Prudential has been ordered to pay a member of its own scheme compensation after it processed his open market option annuity purchase at the wrong time, reducing his total purchase sum by £2,455.

Bridge Trustees, the trustee arm of law firm Eversheds, has appointed Julia Delaney as chief trust executive.

Aon Hewitt has bought Babcock International Group's Pensions Administration Office in Caithness, Scotland.

Capita has hired Peter Vickers as a pension consultant within its employee benefits business.

The government's proposed reforms to public sector pension schemes will cut the average benefit for members by more than a third, the Pensions Policy Institute says.

Pension Insurance Corporation has restructured its board to include the director of £400m investor Reinet, while founder Edmund Truell will leave the firm.

Partnership his appointed David Richardson as its chief financial officer as part of a board reshuffle.

Santander Asset Management UK has expanded its fixed income team with the appointments of Elena Kstova-Oksanen and Andrew Shenton.

The John Lewis Partnership Pensions Trust has appointed Jane Newell as director from 1 November.