NETHERLANDS - The Dutch-based Blue Sky Group, managers of the pension assets for KLM Royal Dutch Airlines, has named Orpa Bisschop, as director.
Bisschop who is currently head of control and information management has been appointed as the second director of the group to comply with requirements stipulated by the Dutch Supervisor of Financial Markets (AFM).
She will retain her present role and Han Thoman will continue as general director of Blue Sky.
The group has has received regulatory approval from the AFM to provide financial services to pension funds other than KLM.
Blue Sky has has started providing administration services to the e450m Lucent Technologies.
Blue Sky Group has met all the AFM requirements with respect to security, integrity and internal control and one of the special AFM conditions is to have two directors with a responsibility in this area.
Blue Sky Group provides services to six pension funds with 45,000 (deferred) members and pensioners and total investments of e8bn.
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