UK - A new employer-led industry body has been set up to improve performance and productivity through the training and education of financial services companies.
The Financial Services Skills Council, which represents more than a million people in 35,000 firms, will also aim to restore and maintain confidence among consumers.
Legal & General chief executive David Prosser, who has been appointed the FSSC’s chairman said: “The role of the FSSC is to lead the UK’s financial services sector in meeting the productivity and skill demands that will ensure consumer confidence.”
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.