UK - Standard & Poor's, the ratings agency, has appointed Alex Weiland as head of business development for its newly-established European pensions business.
Weiland will be responsible for marketing and sales of Standard & Poor's pensions services, which are aimed at helping trustees of defined benefit schemes understand and benchmark more effectively their credit and investment risks.
Previously, Weiland was director of European sales and marketing for First Quadrant, the quantitative manager of alternative strategies. He has also worked with Gartmore, Fidelity and Schroders.
Jim MacLachlan, head of Standard & Poor's European pensions services business, said: We have had a very positive response from the market for our new pensions services, which provide trustees with the first independent means of assessing their overall credit and investment risks. We are now recruiting to build the new operation and Alex's appointment will be key in driving forward the business.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).