US - The Pension Benefit Guaranty Corporation (PBGC) has appointed John Hanley as director of its legislative and regulatory department.
Hanley joined the PBGC from his previous role as executive director of North American Securities Administrators Association, which represents the interests of state and provincial securities regulators in the US, Canada and Mexico.
He has also held senior-level positions in legislative and regulatory affairs with Citicorp/Citibank, Chase Manhattan Bank and the Independent Community Bankers of America .
The PBGC is a federal corporation which currently guarantees payment of basicpension benefits earned by 44 million American workers and retireesparticipating in over 31 000 private-sector DB pension plans. It currently has a deficit of around US$22.8bn
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?