Including: JAPAN - DC plans go mobile; UK - SEI appoints institutional client service director
Japanese defined contribution (DC) plan members will be able to use cell phones to alter their individual plan investments from next month. In Japan, cell phones are more widely used than computers to access the internet.
Over 2.6m Japanese workers have joined DC plans since they were first launched seven
UK - SEI appoints institutional client service director
Lucy Cooke has been appointed as a client service director on the UK Institutional Team at SEI, reporting to Nigel Down, European head of institutional client service.
Prior to joining SEI, Lucy was senior relationship manager at Northern Trust.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.