UK - Higham Group has opened offices in Telford and Glasgow in response to increasing demand for its wind-up and pension review capabilities.
The pensions and insurance outsourcing, administration and actuarial services group said both offices would initially employ around 20 staff, but expected this number to double over the coming year.
The Telford office will be headed by partner Jim Gunn, while the Glasgow office will be run by partner and head of financial services Mark Richardson.
Richardson said: “In the past year Higham Group has experienced substantial growth in its endowments complaints, pensions wind-ups and pensions review operations.
“Our expansion into new geographical areas is testament to this growth and to our delivery-focused approach.”
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.