MORE than 40pc of defined benefit schemes are expected to close to future accrual in the next five to 10 years, Watson Wyatt figures show.
The consultant’s 2008 pension plan design survey revealed the number of schemes expected to close to future accrual was up from just 6pc in its previous study. It also found the proportion of DB schemes...
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.