The Bank of England's decision to hold interest rates at 0.5% has temporarily eased the pressure on pension schemes but poses dilemma for trustees, JLT Employee Benefits says
The Bank of England's decision to both hold rates and comes as yields on government bonds have fallen to record lows - with the yields on benchmark 10 year gilts falling to record lows since the EU referendum....
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.