Allen & Overy has promoted Andy Cork to counsel and Francesca Parnell to senior associate.
The promotions, effective as of 1 May, mean the team now has 23 lawyers, including four partners, three counsel, and two professional support lawyers.
Cork (pictured above) was previously a senior associate and advises trustees and companies with pension schemes on regulation, funding negotiations and strategy. He particularly focuses on risk reduction exercises.
Parnell (pictured below) was an associate and works on transactional and advisory matters for employees and trustees, particularly within the banking sector and offshore pension plans.
Partner Maria Stimpson welcomed the promotions: "It is always a pleasure to promote within the team. Andy and Francesca are two talented pensions practitioners who add enormous value to our offering. Their promotions are testament to the strength of our practice."
Cork joined the law firm in 2005 as a trainee solicitor, before being promoted to associate in 2007 and to senior associate in 2012.
Parnell joined in 2010 as a trainee solicitor, and moved to Standard Chartered Bank on secondment as a trainee solicitor in 2011. She was then promoted to an associate in corporate pensions in 2012.
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
Six members of Ross Trustees’ pension trustee and support teams have been promoted into new roles.
Richard Butcher is set to spend another year as Pensions and Lifetime Savings Association (PLSA) chair as the trade body proposes his term is extended to autumn 2021.