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 regulator is not striking the right balance in its 'clearer, quicker and tougher' approach on enforcement, according to this week's Pensions Buzz respondents.
The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
The Financial Reporting Council (FRC) has proposed amendments to its FRS102 accounting standard to address fears an overhaul of reporting standards will add millions to corporate liabilities.
Scheme deficits remained largely unchanged over the last year despite gains in asset prices, Pension Protection Fund research says.
Higher long-term inflation expectations added £5bn to defined benefit scheme deficits in August, according to Mercer.
Total defined benefit liabilities for UK schemes deflated to £267bn last month after May's record high of £312bn, according to Pension Protection Fund data.
UK defined benefit schemes have hit a funding low after combined deficits increased nearly £100bn last month to hit £312bn, statistics show.
Pension Corporation has completed the buyout of an ancient merchant trade association's defined benefit pension scheme.
A Supreme Court ruling permitting firms to retire workers at a fixed age has been welcomed by experts as an important clarification of mandatory retirement laws.
Government spending on police force pensions is "unaffordable" and not "fit for the modern world" a report has claimed.
UK manufacturing firm Brammer's defined benefit scheme liabilities have increased by £3m in six months despite a £1.6m scheme contribution from the employer, earnings show.
Defined benefit scheme funding levels have plunged by one-fifth over the past year dragging a further 83 previously fully funded schemes into deficit, data shows.
Defined benefit funding ratios continued to fall last month with deficits rising by almost £65bn, according to the PPF 7800 Index.
Food giant Unilever has been labelled a "modern day Scrooge" after it withdrew the offer of a £15 Sainsbury's Christmas voucher for workers protesting changes to their pensions.
UK pension scheme assets under fiduciary management have reached £40bn, a study of the burgeoning industry reveals.