IBM has removed its long-standing pension scheme trustee chairman after 18 years on the board and scrapped the chairman's role in a further downsizing of its trustee board.
The company has dropped company-nominated trustee chairman James Lamb, who has sat on the board since 1994, and terminated the appointment of two further company trustees John McLean and Jacques Delesgues....
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.