Trustees have yet to prioritise cash management despite the fact that half of FTSE350 defined benefit (DB) schemes are turning cash flow negative, according to Hymans Robertson.
The consultancy's State of the trustee nation 2016 research which combined figures from three recent surveys found despite 50% of FTSE350 DB schemes being already at or close to being materially cash flow...
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.