Allen & Overy has promoted Andy Cork to partner and Jason Shaw to counsel in its London pensions team.
Cork (pictured above), whose promotion is part of global promotions round of 20 lawyers, steps up from counsel while Shaw has been promoted from senior associate. Both changes are effective as of 1 May....
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.