UK - Aon Consulting has appointed Ian McKinlay as head of the investment consulting practice, with immediate effect.
McKinlay has been acting practice head since the beginning of 2004. His new position was announced following an extensive selection exercise, which considered a number of external candidates, Aon said.
His role as practice head will focus on technical excellence, innovation and professional issues to ensure that the practice members have the skills and knowledge necessary to provide the best investment consulting services to clients.
Commenting on his new role in Aon Consulting, McKinlay said: I am delighted to be appointed as head of the investment consulting practice. In my capacity of Acting Practice Head over the past five months, I have had the opportunity to familiarise myself with the day-to-day running of the practice and I am now looking to take this experience one step further - to drive the development of the investment consulting practice.
The nature of the pension fund investment market is continuously changing. This offers Aon Consulting some exciting opportunities.
Under his new role Mr McKinlay will report to Aon Consulting's managing director, Robert Middleton.
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.