Increasing numbers of employers are considering Pension Increase Exchange exercises (PIES) as the Code of Practice for Incentive Exercises has gained acceptance, say consultants.
Stewardship is almost as important to pension scheme members as cost, according to research from the National Association of Pension Funds (NAPF).
Legal & General Investment Management (LGIM) has appointed Sarah Aitken as head of institutional business, Europe and Middle East.
Buck Consultants has raised concern over conflicts of interest at fiduciary managers after research found three in ten mandates (29%) were awarded to existing advisers without a competitive tendering exercise.
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Pension Insurance Corporation (PIC) has secured £300m of new capital to grow its business by targeting multi-billion pound buy-ins and buyouts.
Buck Consultants has launched a mobile app version of its integrated reward portal Compass, which enables employees to view details of their employee benefits on a smartphone at any time.
Xafinity Consulting has appointed Ben Bramhall as commercial director to help lead the expansion of its pension advisory service.
The Universities Superannuation Scheme (USS) has appointed Kevin Smith to the newly-created role of chief service delivery officer.
Former MacFarlanes partner Jane Marshall has set up a consultancy to advise employers, in-house lawyers and trustees.