UK - The Society of Pension Consultants (SPC) has appointed James Hodge as its new chairman.
Hodge replaced David Miers, who held the position for more than eight years.
Hodge said he had taken up the role at a time when pensions was at the centre of public debate. "And rightly so, because what is involved is of vital importance to everyone," he said.
“I look forward to working with the SPC team further to ensure that the key issues involved are presented to, and understood by, all stakeholders – including the government. Because pension decisions taken today will resonate well into the future, it’s vital that decision-takers are well-informed.”
Hodge, a former British diplomat, spent his 37-year foreign office career concentrating on trade and economic issues.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.