UK - Invesco is expanding its DC pensions team in a bid to capitalise on the future growth of the market.
The fund manager has taken on Helen Archer, Nick Codd and Jacqueline Brown to fill the new roles of business development manager, client manager and marketing manager res-pectively.
These staff were lured from Deutsche Asset Management, Mercer Human Resource Consulting and Threadneedle Investments.
Earlier this month consultants said they expected demand in the DC market to soar as companies race to close their DB schemes to new members ahead of the Green Paper’s consultation.
The move to DC could be triggered by proposals in the paper to strengthen the minimum funding requirement for DB schemes.
*Last September, Alexander Forbes and its consulting arm Lane Clark & Peacock acquired Schroder Investment Management – the investment manager’s DC admin business.
The £22m transaction was said to be a “perfect fit” for LCP’s business, giving the consultancy a “first class base” to develop into the DC market.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.