Scrapping indexation could save defined benefit schemes billions of pounds but it would not see a mass move back to DB provision, experts have warned.
Paul Bucksey has joined BlackRock's growing defined contribution business as head of defined contribution business development and client management.
Warnings over enhanced transfer value offers have led to a significant drop off in the number of employees taking them up, industry figures say.
The growth in asset-backed contribution structures could come to a "juddering halt" if the arrangements were ever tested in court, consultants and lawyers warn.
CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.
West Midlands Pension Fund has acquired more central London office space after buying St Andrew's House in conjunction with ING Real Estate Investment Management for £25.2m.
UK - Overestimated inflation projections could be costing UK defined benefit scheme sponsors over £50bn ($79bn)in unnecessary funding commitments, a corporate adviser warns.