UK - Marks & Spencer has appointed Lynn Collins as group pensions manager, following the retirement of John Peachey.
Collins – who joins the firm at the end of February – is currently international benefits manager at Syngenta, the conventional and biotechnology agriculture products manufacturer.
During Peachey’s 14 years at M&S, the firm closed its non-contributory final salary scheme to new members and launched what he described as a “generous” DC scheme for new staff.
Speaking before his retirement, Peachey said: “We’ve flown the flag for DB schemes, in particular for part-timers. I can’t take the credit for that but we’ve always treated them the same as our full-time staff. That’s something to be said. M&S has always been a stalwart of company pensions.”
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.