UK - Legal & General senior actuary Joseph Lu has joined competitor Synesis Life as a senior manager.
Robin Houghton, a senior consultant with Watson Wyatt has also joined Synesis, the firm said today in an announcement, and will also take up a senior manager role.
A spokesperson said both positions were newly-created to strengthen its position in the increasingly competitive Uk buy-out market.
In earlier news, Edmund Truell, former head of Duke Street Capital, announced he had secured £1bn backing from a group of investors led by US financier Christopher Flowers for his pension buy-out firm, Pension Insurance Corporation (PIC).
PIC was one of the latest entrants into the buy-out market, which already includes L&G, Synesis, Prudential and Paternoster, with Goldman Sachs and Allianz Global Investors also considering similar moves.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.