UK - The Pensions Research Accountants Group has updated its guidelines for trustees and scheme sponsors dealing with data protection issues.
PRAG has rethought how trustees deal with issues raised by the 1998 Data Protection Act. It believes that certain sections of the Act are still untested and are subject to different interpretations.
The document has been issued free to all PRAG members, and additional copies are available for £10 each through www.prag.org.uk.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.