UK - Retail giant Boots is parting company with its corporate finance head, John Ralfe.
The move follows intense speculation over Ralfe’s position in the wake of Howard Dodd’s appointment as finance director and the firm’s decision not to implement FRS17 in full this year.
But Boots played down these rumours and said Ralfe was leaving as part of a wider reorganisation of the company’s senior management.
It said Ralfe had made a major contribution to the company but his work was now complete.
Ralfe – a former adviser to the Accounting Standards Board on FRS17 – is a passionate advocate of the market-based valuation method.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.