NETHERLANDS - Alfred Kool, director of corporate communications at the e59.9bn PGGM, is leaving his post after 20 years with the fund to start a communications consultancy.
The fund has not yet appointed a successor.
“This is an old wish come true,” Kool said. “I feel sad to leave PGGM but on the other hand I look forward to using my knowledge and experience in a broader way. There is still a lot to be done in the pension world from a communications perspective.”
Karel Noordzij, PGGM’s chairman of the board of managing directors, said: “The cooperation with Alfred was excellent and I regret to see him go. PGGM owes him a lot for what he established during the past 20 years. But on the other hand, I respect his decision.”
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.