GLOBAL - John Ashcroft, head of strategy at the Pensions Regulator, has been re-elected as president of The International Organisation of Pension Supervisors (IOPS).
IOPs is an independent body formed in 2004 to represent those involved in the supervision of private pension arrangements.
At the IOPS’ first AGM, held in Paris on 15 December, members also elected Guillermo Larrain from the Chilean pension supervisory authority Superintendencia de Administradoras de Fondos de Pensiones as vice president.
Ashcroft said: Pensions supervisors across the world are working to tackle the challenges posed by an ageing population, the volatility of markets, globalisation and the move from state to work-based pension provision.
Now that IOPS is fully functioning I hope we can build on these strong foundations to provide supervisors, and those countries who are just starting on the private pensions path, with the help they need.
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.