Brexit is likely to reduce the urgency from trustees to take action on guaranteed minimum pensions (GMP) equalisation according to Anna Rogers.
The senior partner at Arc Pensions Law said the vote to leave the European Union (EU) increased the uncertainty about the law relating to GMP equalisation. She said: "It is going to take a long time...
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.