INCLUDING - UK - LAPFF member boost; US - Pioneer Investments appoints new staff; UK - New appointment at UBS; UK - Punter Southall help trustees apply to PPF
UK – LAPFF member boost
The Dorset County Pension Fund has become the latest local authority fund to join the Local Authority Pension Fund Forum (LAPFF), taking its membership to 44 funds.
Keith Bray, forum officer for the LAPFF, said: “It means that we now have almost half of the LGPS funds as our members and of course as our membership includes most of the larger funds we represent a much higher proportion when measured by assets under management.”
US – Pioneer Investments appoints new staff
Pioneer Investments has appointed two new senior members to its US institutional team.
Ray Dutcher has joined Pioneer Investments as director of US institutional client service, and will report to Richard Banks, head of institutional client services.
Dutcher was previously senior vice president of client service at MFS Institutional Advisors.
Michael De Feo has also been promoted to senior consultant relations manager. He was previously vice president in Pioneer Investments’ Strategic Alliances Group.
UK – New appointment at UBS
UBS Investment Bank announced that Chris Adolph has joined as a senior transition project manager and will report to Phil Hodey, head of portfolio trading. Adolph will be based in London and joins from State Street.
UK – Punter Southall helps trustees apply to PPF
Punter Southall Group, has launched a service to help trustees manage the challenges of applying for entry into the PPF’s assessment period and during the assessment period itself.
The service, known as Pension Protection Fund Assessment Period Services, is aimed at helping trustees in areas such as section 143 actuarial valuations, individual advice for members and member communication.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.