FRANCE - French civil servants fund Caisse des Dépôts et Consignations has appointed Augustin de Romanet to the role of CEO - left vacant following the tragic death of Francis Mayer.
De Romanet will also replace Mayer as chairman and CEO of the state-owned bank CDC – which manages assets of the pesnion fund.
Currently head of strategy at Credit Agricole SA, de Romanet was announced as the new CEO by Finance Minister Thierry Breton.
Jean Sebyeran, a member of the pension fund board, had temporarily held the role while the search for a replacement was undertaken.
Mayer passed away in December at the age of 56. He had served as director general since December 2002.
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