UK - Conservatives accused the government of misleading the pensions industry over the number of people receiving means-tested benefits.
Conservative work and pensions spokesman David Willetts said that the government claimed “hundreds of thousands of extra pensioners” were receiving the benefits.
But Willetts claimed the government had masked the fact that more than £5bn of benefits was failing to reach “some of the poorest people in the country”.
Work and pensions secretary Andrew Smith dismissed Willetts’ claims and pointed out that more than 170,000 extra pensioner families were receiving the minimum income guarantee than at the beginning of 2000.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.