News

The UK Kodak Pension Plan (KPP) has completed its acquisition of the Kodak Personalised Imaging and Document Imaging business from Eastman Kodak Company (EKC) amid praise from The Pensions Regulator (TPR).

The Financial Ombudsman Service (FOS) received more complaints about Phoenix Life than any other life and pensions provider in the six months to 30 June 2013.

Johnson Service Group (JSG) will merge its existing three defined benefit (DB) schemes into one as it looks to cut operating costs.

InterContinental Hotels Group (IHG) has agreed a £440m all-risk buyout for its UK pension plan with Rothesay Life, securing improved benefits for members owing to suitable market conditions.

Baker Tilly has completed the acquisition of RSM Tenon's trading operations after the firm's equity partners gave the move their approval.

Pitmans Trustees Ltd (PTL) has launched a life assurance claims handling service.

The Association of British Insurers (ABI) has defended its Annuity Window after "media scrutiny" and made changes to it following industry feedback.

Quantum Advisory has appointed Deon Dreyer as principal investment consultant to enhance the group's quality of service.

The Financial Reporting Council (FRC) has appointed Angus Bogle as director of investor engagement and Marian Williams as codes and standards director.

Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.