UK - Pensions administration technology company Profund Systems has appointed Tim Isom as business development director.
In this role he will explore market opportunities and new business applications for the company’s product and service portfolio.
Isom, who joined Profund in early 2002 as business development manager, was previously head of operations for Invesco Pensions.
There he devised business processes and solutions for the company and its integrated operations following the acquisition of Perpetual.
Prior to that, Isom was with Fidelity Investments, where he rose from the position of business analysis manager to senior manager of DC operations.
Profund has also promoted Mark Fielding to sales director.
Fielding joined Profund in August 2001 to head up a regional major accounts operation.
Profund Systems chief executive officer Charles Delamain said: “Mark’s commitment to maintaining the highest standards in sales and account management business processes fits well with the Profund ethos.”
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.