FRANCE - Buck Heissmann France has acquired independent actuarial consultant MODAC.
MODAC offers a range of actuarial and benefit consulting services, training sessions in actuarial-related subjects as well as the development of actuarial modelling software.
As part of the deal, MODAC has relocated to Buck Heissmann’s office in Levallois, and for a period of one year the French office will trade as Buck Heissmann Modac.
Buck Heissmann, a pan-European provider of benefit consulting services, said MODAC would be integrated into the firm “effectively immediately”.
Buck Heissmann office manager Joël Royers said the acquisition would enable the firm to strengthen its actuarial consulting services in France and bolster its market position.
Buck Heissmann is a joint venture between Buck Consultants and German compensation firm Heissmann.
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.