INCLUDING - UK - HBOS keeps Watson Wyatt, JAPAN - Sales tax targeted for pension, GERMANY - Fin heads to Franklin Templeton
UK – HBOS keeps Watson Wyatt
Watson Wyatt has retained their contract as actuary and adviser to the Halifax Bank of Scotland (HBOS) pension scheme.
The final salary scheme, which is closed to new members, has £6bn assets under management and caters for over 80,000 staff.
JAPAN – Sales tax targeted for pension
The government may use sales tax to bolster basic pension provision, according to reports from Tokyo.
Sources within the ruling party have said it may be the best choice to fund the country’s pension debt.
GERMANY – Fin heads to Franklin Templeton
Former State Pension Fund of Finland investment manager, Ilkka Tomperi, has joined Franklin Templeton Real Estate Advisers as vice president of private real estate.
Tomperi is to be based in Frankfurt.
The Competition and Markets Authority (CMA) has published three working papers as part of its investigation into the investment consultancy and fiduciary management markets.
In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".