SOUTH AFRICA - Global financial services company Alexander Forbes has posted in interim profits from its European operation of Rand284m (£18m) - up 22% on last year.
Chief executive designate Rael Gordon said: “The acquisition of UK actuarial consulting firm, Lane Clark & Peacock was completed and made a positive contribution to group profits in the four months following acquisition.”
South African-owned Alexander Forbes has also reached an agreement to acquire Schroder Pensions.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).