The Pensions Regulator's draft guidance on how to calculate transfer values for members of defined benefit pension schemes is too late to be effective, Mercer says.
Mercer said the timing of the guidance, which was published last week, did "not dovetail with the expectations imposed on trustees under the regulations" as they would have to reach decisions on the calculation...
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.