LITHUANIA - Lithuania's stock market, capitalised at US$2.5bn, soared 67% with single digit price-earnings ratios after a referendum in favour of eventual EU adherence, and a spate of acquisitions by Russian firms, wrote Gary Kleiman, senior partner at Kleiman International Consultants in the Financial Times. The country has cut public debt-to-GDP ratio to 25% and launched pension reform, allowing private pension funds to shift between government and corporate bonds and equities at home and abroad.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.