Jo Holden has been promoted from her role as Mercer's defined benefit (DB) leader to replace Steven Blackie as chief investment officer (CIO), the consultancy announced today.
The combined deficit of the UK's defined benefit (DB) pension schemes rose by 25% to £131bn on an accounting basis during March, JLT Employee Benefits analysis has revealed.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.