UK - The independent regulator, Financial Reporting Council (FRC), has appointed seven new members to its review panel - including three partners from KPMG.
FRC is responsible for promoting confidence in corporate reporting and governance, and the financial reporting review panel is one of six operating bodies within the organisation.
The seven members are: Former CDT chief financial officer Daniel Abrams; HBOS group chief accountant James Coyle; HM Treasury government finance profession head Mary Keegan; Ernst & Young partner David Lindsell; and KPMG partners Jimmy Daboo, Chris Moulder and Richard Pinckard.
FRC Chairman Sir Christopher Hogg said of the appointments:
“The range of experience and knowledge brought by these members will provide valuable additional resources to the panel and ensure that it continues to draw on all sections of the financial reporting community.”
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.