UK - Mark Rowlands (pictured) is joining Axa in the new role of business development and marketing director of corporate benefit solutions.
Rowlands will be responsible for developing relationships with key employee benefit consultants and the continued development of Axa’s education and advice-based member communications.
Rowlands joins Axa from Winterthur Life, where he was head of group distribution. He also pioneered and launched Pensions Treasury – the UK’s first business to business exchange focusing on corporate pensions and employee benefits.
Axa head of corporate benefit solutions Nick Groom said: “Mark’s knowledge and ability to further develop Axa corporate benefit solutions in the area of member education and communication will now enable us to become the number one provider of group pensions solutions in the UK market.”
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.