News

The Institute and Faculty of Actuaries (IFoA) is launching a kite mark for actuarial firms.

The Pensions Ombudsman (PO) has experienced a 240% increase in the number of new investigations opened in relation to suspected pension liberation.

The Lancashire County Pension Fund Committee and the London Pensions Fund Authority Board (LPFA) have pooled combined assets of £10bn with the aim of saving at least £32m in costs.

The Financial Conduct Authority has finalised how it will monitor the performance of The Pensions Advisory Service (TPAS) and Citizens Advice Bureau in delivering the guidance guarantee.

The biggest stories on PP this week were the merger of Towers Watson and the Willis Group, the Pension Scheme of the Year Awards and NEST revealing its retirement blueprint. Here are the top five.

Helen Dean has been appointed chief executive of the National Employment Savings Trust (NEST) and will take over from Tim Jones in the autumn.

Claire Teagle has been made managing director of HR Trustees following the retirement of Lyndon Jones from the role.

Nick Tinker has been made a director by Lincoln Pensions in an expansion of its senior team.

Standard Life has appointed a board to serve on its master trust with PTL managing director Richard Butcher serving as chairman.

Aon Hewitt has launched a charged custody account targeted at defined benefit (DB) schemes to act as a "buffer" in preventing trapped surpluses.