Interest rate hedges by pension funds fell by 24% over the first quarter of the year, hit by a difficult swap market and stale funding levels, F&C reports.
Figures show interest rate hedges by investment banks dropped by £2.5bn to £7.5bn for Q1 this year, down from £9.9bn in Q4 last year. (PP Online, 7 Feb) F&C said geo-political turmoil in the Middle...
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.