Watson Wyatt has strengthened its UK benefits practice with the appointment of Richard Abramson as a senior consultant.
Abramson joins Watson Wyatt's London-based consulting team from Lane Clark & Peacock where he was a partner. Over the past 25 years he has provided actuarial and consultancy advice to pension schemes of all sizes and types, and has particular experience in M&A work and one-off advisory projects. He is well known in the pensions world being a regular conference speaker and contributor to professional journals.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.