INCLUDING: AUSTRALIA - Russell Investment new appointments; UK - Watson Wyatt wins Emirates custody; UK - Hewitt welcomes new appointment; LUXEMBOURG - Citi to service new Luxembourg State Pension Fund
AUSTRALIA – Russell Investment new appointments
Russell Investment Group (RIG) has announced two new senior appointments, completing the international development team. Ty Thurgood has been appointed senior business development manager and Katrina Turner has taken up the post of head of strategic communications.
UK – Watson Wyatt wins Emirates custody
Watson Wyatt has been appointed to provide pensions administration and accounting services to the Emirates Group Provident, the pension scheme of Emirates Airlines.
The tender was won in an open competition and will oversee the retirement provisions of the schemes' 3500 members.
UK – Hewitt welcomes new appointment
Zuhair Mohammed has been appointed to Hewitt Associates UK investment consulting team. He brings 20 years experience in the pension and investment industry, having worked as head of consulting at P-Solve.
LUXEMBOURG – Citi to service new Luxembourg State Pension Fund
Citi announced it has gone live with its global custody, fund accounting and fund aministration service for Luxembourg’s Fonds de compensation de la sécurité sociale (FCSS) and part of the assets have been migrated successfully.
The FCSS is a public institution, created for the administration of general pension assets.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers