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.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.