UK - The UK's two largest actuarial bodies have appointed new presidents - Michael Pomery to the Institute of Actuaries and Harvie Brown to the Faculty of Actuaries.
Pomery, who took office on July 5 as part of a two-year term, is a principal consultant with Hewitt Bacon & Woodrow in London.
Brown, who takes up his presidency immediately also on a two-year term, is worldwide partner of Mercer Human Resource Consulting – a position he has held for 24 years.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.