UK - AXA has appointed Nick Groom as head of corporate benefit solutions. He will continue the development of Axa's group pensions proposition and target the large corporate market through major fee-based employee benefit consultants.
Groom joins from AMP Corporate Pensions and will head Axa’s programme to build an end-to-end corporate pensions proposition.
Sales and client management director Gary Tarleton said: “Axa has invested around £170m in a major re-engineering programme, £40m of which has been spent on the new group pension systems alone.
Nick’s appointment will bring a wealth of experience in corporate pensions and managing businesses in this transition period.”
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.