UK - Thames Valley-based law firm Pitmans Solicitors has promoted David Hosford to partner in its pensions department.
Hosford is an associate of the Pensions Management Institute and also a member of the Association of Pension Lawyers where he serves on its investment sub-committee, he has advised trustees and employers on all aspects of occupational and personal pension schemes since 1994. Pitmans head of the pensions department David Archer said: “David’s promotion to partner is deserved recognition of his value to us and to our clients through the very high quality of his work, which is particularly pertinent now that Pitmans is the only law firm in the Thames Valley with a dedicated pensions department.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.