UK - The Liberal Democrats have attacked the government over claims that it is "turning every stone" to find a solution to the pensions crisis.
The party’s work and pensions spokesman Steve Webb hit out after comments made by the leader of the House of Commons, Peter Hain, during a visit to the site of a former Allied Steel and Wire steel plant.
Webb said: “There is no need to look under stones for solutions to the pension crisis when the answers are staring the government in the face.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.