UK - The Pension Protection Fund (PPF) has made no further progress in its bid to recruit managers for a transition panel.
John Lavabre, press officer at the PPF, said the organisation was bound by government procedure on the procurement process and had to advertise the positions across Europe.
Lavabre said: “We have to ask companies to supply us with expressions of interest and then to tender for a role.”
Looking ahead, Lavabre said it was likely to be around another three months before the managerial recruitment process was completed.
In a separate issue, he pointed out that the PPF would be holding a series of seminars in September aimed at those who want to learn more about the risk-based element of the pension protection levy.
The half-day seminars will take place from 3 September until 11 September in places such as London, Manchester and Glasgow.
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Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point