UK - Former Sea-Land Pension Scheme member Mark Tonge is to become an OPAS adviser, despite having no formal background in pensions.
Tonge was one of the driving forces behind the campaign which led pensions regulator OPRA to appoint an independent trustee after shipping giant Maersk – the parent sponsor – decided to wind up the scheme despite being solvent.
More than 200 scheme members faced benefit cuts of more than 60% until Maersk had an 11th hour change of heart.
OPAS chief executive Malcolm McLean welcomed Tonge’s appointment and promised he would receive all the necessary training to help him in his new role.
McLean added: “Mark was one of the leading lights in the Sea-Land scheme. He has applied to be an adviser, so we are going to hold his hand a bit and let him have a go.
“He is now so involved in pensions and related issues following his experience with Maersk, he wants to keep going.”
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.