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.”
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.