AUSTRALIA/UK - QIC has appointed Brad Bowton and Lyn Gearing to its board bringing the membership to ten.
Gearing was CEO of the country's largest superannuation scheme until December 2002 and is a director of Stockland Corporation Ltd.
Trevor Rowe, chairman, QIC, said the appointments would add further depth to the experience and skill set of the QIC Board.
"Brad and Lyn are two of the most respected figures in the Australian investment community and it is a great achievement for QIC to be able to attract this quality of Board member," Rowe said.
In the UK, the Pensions Trust has appointed Catherine Howarth and Kevin McNerney as member nominated board directors.
John Alleston has been re-elected as chair and Clive Unit as been re-elected as deputy chair.
Alleston commented: "These Directors have displayed their commitment to the cause of delivering high quality pension provision to the charitable and not-for-profit sectors by standing for election."
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.