UK - The Pension Commission interim report on the industry - put back to avoid the political party conferences - will be published during the week beginning October 11.
Commission chairman Adair Turner said publishing during the conference season was “inappropriate” and risked embroiling the conclusions in party politics. But confirmation of the revised publication date has forced Turner to withdraw as keynote speaker at the Pension Management Institute’s autumn conference.
Turner told the PMI he did not feel he could make the speech at the conference on October 7 ahead of publication.
The keynote speech at the conference – Pensions: Short Term Problems, Longer Term Solutions – will now be given by the inaugural chairman of the Pension Protection Fund, Lawrence Churchill.
Churchill – the former Zurich Financial Services chief executive – sparked controversy last month by claiming it was not the government’s responsibility to bail out schemes that experienced financial difficulties.
The PMI said it was “delighted” to have secured Churchill for what will be one of his first speaking engagements since his appointment as PPF chairman.
Other speakers at the conference – which will be held at The Brewery, in the City – include Andrew Young from the Government Actuary’s Department, Tim Cox from law firm Linklaters and Andy Cox from consultant Hewitt Bacon & Woodrow.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.