SWEDEN - Lars Idermark (pictured) is to leave his post as CEO of the EUR16bn Andra AP-fonden (the Second Swedish National Pension Fund/AP2) in Gothenburg, on November 1 2005, to take up a new position as CEO of Kooperativa Förbundet (the Swedish Cooperative Union).
“Lars has built up the Fund since its foundation in 2000 and has done an excellent job. I quite understand that, after a period of five years, Lars is keen to accept new challenges, even though the fund will be sorry to see him go,” said Gunnar Larsson, chairman of AP2.
“We shall now initiate a recruitment process to find a new CEO for the Fund,” added Larsson.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.