INCLUDING: UK - ACA chairman announced; UK - Former Watson Wyatt staffer joins Mercer; AUSTRALIA - Kouryialas joins Martin Currie; UK - Hymans Robertson promotes Birmingham head
Keith Barton has been elected chairman of the Association of Consulting Actuaries (ACA). Barton, a senior actuary at Hewitt Associates, is scheme actuary to a number of large pension plans and is chairman of the trustees of the company's own pension fund. He takes office on 1 June and succeeds Ian Farr of Watson Wyatt.
UK - Former Watson Wyatt staffer joins Mercer
Mercer has appointed Crispin Lace as a principal and senior investment consultant within its investment consulting business. Based in London, he will be responsible for advising a portfolio of clients on investment issues. As a member of Mercer's European Policy Group, he will also work closely with Mercer's senior leadership to drive forward intellectual capital and strategic research across Europe. Lace joins from Watson Wyatt, where he was a senior consultant.
AUSTRALIA - Kouryialas joins Martin Currie
Edinburgh-based specialist equity boutique Martin Currie has appointed Kimon Kouryialas as country head for its Australian operation. Kouryialas, who joins from Legg Mason Australia Asset Management, will be based in Melbourne and focus on developing Martin Currie's Australian business in the institutional (wholesale) and platform/retail investment markets.
UK - Hymans Robertson promotes Birmingham head
Hymans Robertson has appointed Rob Harper as equity partner. Currently, head of trustee services, Harper is also head of Hymans Robertson's Birmingham office. Hymans Robertson currently has 43 partners based in London, Birmingham and Glasgow, 12 who are equity partners, advising clients in both the public and private sectors.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
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).