News

WATSON WYATT has boosted its defined contribution pension consulting team with two senior hires.

Including: JAPAN - DC plans go mobile; UK - SEI appoints institutional client service director

PricewaterhouseCoopers pensions investment consulting practice leader Ian McKinlay has been seconded to the Pensions Protection Fund as interim head of investment on a part-time basis.

FRANCE - The €35bn (US$53.7bn) Fonds de reserve pour les retraites (FRR), France's reserve retirement fund, has announced it has dropped two mandates due to "poor financial performance".

CANADA - The Association of Canadian Pension Management (ACPM) has urged the government to make regulatory changes and allow its recommendations for the industry to be carried out.

UK - The pension fund buyout market will continue to grow rapidly as insurance companies invest the assets they take over more cleverly and increased competition forces prices down, according to Lane, Clark and Peacock (LCP).

The number of schemes facing trustee recruitment problems has increased a third in the last 12 months but is still underestimated, Trustees GAAPS says.

GLOBAL - State Street Corporation has signed a lease for a new operations centre in Krakow, Poland.

Muse Advisory has been appointed as secretary of the P&O Ferries Trustee Board following its work to implement a new defined benefit scheme for the company earlier this year.

UK - Changes to pension fund details can be sent to the Pensions Regulator (TPR) instantly with the launch of its online tool 'Exchange'.