AUSTRALIA - RBC Global Services has been retained to provide securities lending services to Perpetual Trustees Australia, one of Australia's oldest financial institutions.
Graham Putt, MD and VP of RBC Global Services, said: In light of the current economic environment, many clients are looking for alternative ways to increase profitability.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.