UK - Lane Clark & Peacock is welcoming the government's review into the actuarial profession following the collapse of Equitable Life.
Partner Francis Fernandes said the review – which is headed by former Competition Commission chairman Sir Derek Morris – would be a good opportunity to see how the profession was viewed by the public.
“From now on, it is not good enough to simply say we are acting according to high standards. Those who are ultimately affected by our advice should be able to look into our mathematical world and decide that for themselves.”
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.