Archive for January 2007

Brian Spence

The role of Pensions Actuary is an interesting, varied and challenging career. The Pensions Actuary will be on hand to advise the sponsoring company, scheme trustees and members on important issues such as the design of their scheme, selecting the most suitable investment vehicles to be used, protecting members when schemes are changed or when companies are bought and sold, and enabling individuals to transfer benefits from one scheme to another.  The Actuary also has a pivotal role in ensuring schemes and their company sponsors meet what can often be the complex and onerous legislative and legal requirements associated with running a pension scheme. Read more »

Brian Spence

When the Pension Protection Fund (PPF) recently committed to making its first ever payments in the UK as part of a compensation package worth £2.5 million to 210 former employees of textile manufacturer Chilton Scotland, it signalled the end of an 18 month exercise. The journey proved to be something of a voyage of discovery as processes were developed and approaches evolved to fill in the detail around the regulations. Having now reached the end of the road it does give us a chance to review what’s been achieved and see if any lessons can be learned. Read more »

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