UK - Financial firms will have greater flexibility in choosing examinations under new proposals on training and qualification from the FSA.
Currently, any new qualifications need to be approved by the FSA and consultation is required before the rules can be changed to let firms use them.
Under the new proposals, firms will either be able to rely on the Skills Council’s list of appropriate exams or make their own decision based on the needs of their firm and its customers.
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.