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.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up