Newton Investment Management has appointed UBS Global Asset Management's Curt Custard to the newly-created role of chief investment officer (CIO).
Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.
Between April and June the pensions watchdog it fined 45 trustees for not submitting scheme returns, and 20 trustees for not preparing a chair's annual statement.
Defined benefit (DB) schemes will offload around £700bn of liabilities to insurers over the next 15 years, latest analysis by Hymans Robertson has suggested.
The Pensions Regulator (TPR) has revised its definition of a 'professional trustee' as it moves to improve standards and introduce accreditation of the role.
Scottish and Southern Energy (SSE) has entered into two buy-ins with Pension Insurance Corporation (PIC), and a longevity swap with Legal & General (L&G).
Prudential has announced it will combine its UK savings and investments businesses to create a single entity named M&G Prudential.
Mizuho Capital Markets has offloaded its hybrid pension fund through a transfer exercise and ultimately a buyout with Legal & General (L&G), following a corporate reorganisation.
Has had 'positive' dialogue with FCA
The Pensions and Lifetime Savings Association (PLSA) has announced the new chairs for its defined benefit (DB) and defined contribution (DC) councils, effective from October.