UK - Three Pensions Management Institute members were elected to the council at the annual general meeting.
Mercer Human Resource Consulting senior consultant and European partner Amanda Cullen replaces independent trustee Tony Ashmore who served on the council from 1989 to 1993 and was re-elected in 1999. SAUL Trustee Limited’s Penny Green and Veolia Environments Mike Sullivan were both re-elected.
Cullen, who joined the PMI as a student in 1983, has been with Mercer for 20 years as a consultant, advising on all aspects of corporate pensions.
PMI secretary general Sue Howlett said: “We will miss Tony who is standing down after his second term on council. However, we are pleased to retain Penny and Mike as well as gaining Amanda who will bring her own experience and expertise to the work of council.”
PMI’s April examinations attracted 911 candidates. A total of 54 people completed the associateship examinations – a 17% increase on 2003.Prizes for special achievement will be presented at the PMI autumn conference in October.
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.