UK - A survey by the London School of Economics for international law firm DLA has discovered that despite an increasingly aggressive regulatory environment UK company directors have little idea of the risks and liabilities they face.
Companies are unprepared to deal with a regulatory crisis and fail to monitor and influence new regulations.
While 96% of respondents believe regulatory risks are growing, almost a third (30%) of boards are unaware of, or do not know about, the activities in their companies which could lead to a regulatory intervention.
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.