Hamish Wilson's Pensions and Benefits Show comments that the industry is full of vested interests and must cut out "parasites" in order to boost efficiency and regain trust in saving sparked a number of furious comments on the web.
Yet, as my colleague Rachel Dalton argues in her leader (PP Online, 20 June), Hamish could well be right, especially when it comes to the need to reduce the complexity of schemes and the number of intermediaries...
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.