Including: UK - Postal agreement; ITALY - New manager for New Star; UK - Pictet announces new CMO
UK – Postal agreement
The Royal Mail and the Communications Worker’s Union (CWU) have reached a tentative agreement regarding the future of its defined benefit (DB) scheme.
A release from the CWU has confirmed the scheme will be closed to new entrants, pending ratification by union members. The rights of existing scheme members are understood not be affected.
ITALY – New manager for New Star
Arcangelo Barletta has been appointed country manager for New Star International.
Based in Milan, Barletta will be responsible fro the development of relationships in the Italian institutional investment market.
UK – Pictet announces new CMO
Pictet Asset Management (PAM) has named Simon Males as its new chief marketing officer of UK institutional business.
Males would be responsible for targeting UK institutional investors and consultants and worked for F&C Management for 13 years, most recently as director and head of consultant sales.
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.