UK - The London Stock Exchange has appointed Chris Gibson-Smith as its next chairman, succeeding Don Cruickshank.
Gibson-Smith is currently chairman of National Air Traffic Services, a post he took up after being a managing director at BP. He is also a non-executive director of Lloyds TSB Group and British Land.
Gibson-Smith will join the Exchange from May 1. Cruickshank’s term ends in July.
Announcing the appointment, Cruickshank said: Chris Gibson-Smith brings real depth of very relevant experience on an international stage. His insights and leadership skills will be invaluable to the Exchange.
“He is extremely well qualified to lead the Board, and to support the executive team led by chief executive Clara Furse.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).