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NEW bulk annuity buyout specialist Paternoster has "shaken up the market" and prompted a bidding war for its first deal, PP has learned.

MITUSI Babcock Energy Pension Fund has appointed David Somers as chairman of trustees and chairman of the investment committee. He takes over from Sir Frank Gibb, who retired as chairman last year.

CURRENCY overlay is becoming a major issue for UK pension funds and every time a pension fund makes an international investment it has a currency exposure.

INDEPENDENT financial advisers will be using two or three wrap platforms in five years' time, a Watson Wyatt Debating Forum heard.

WATSON Wyatt partner Ian Farr has been elected chairman of the Association of Consulting Actuaries.

Pensions Reform Group chairman Frank Field MP, writing exclusively for >i>Professional Pensions, explains why he believes the government's latest deal is doomed to fail

INVESTORS have dismissed warnings that the Company Law Reform Bill could lead to a slew of opportunistic lawsuits.

THE Labour leadership's deal on pension reform is a quick fix and will not last the course, backbench MP Frank Field told PP.

OVER a third of companies believe the escalating costs of funding their defined benefit scheme is having a negative impact on their share price, a survey claims.

ACTUARIES Wolanski & Co and Checkley Fisher are to merge to form an "actuarial boutique".