UK - Geoff Henry, chief executive of the £3bn Merchant Navy Officers Pension Fund, has relinquished his role as managing director of its administration arm.
Henry, who was head of Merchant Navy Pensions Administration (MNPA) for seven years, will now solely concentrate on managing the MNOPF.
MNPA development director Sue Applegarth has been named as the new MD.
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.