Towers Watson

Rachel Dalton looks at figures on pension funds’ changing approach to investment risk

Exclusive PP research reveals the state of admin today

Towers Watson has promoted Chris Ford, former head of investment for Europe, Middle East and Africa (EMEA), to global head of investment.

Large consultancies have experienced double-digit growth within their defined contribution (DC) teams in just two years.

Scheme assets hit an all-time high in 2013, increasing 13% over the last year to £2tn and making the UK the world's second largest pensions market, according to Towers Watson.

Two thirds of employers do not have any processes in place to measure the effectiveness of their benefit spend.

Mortality rates in England and Wales were higher than expected in 2013 as the number of deaths registered exceeded 500,000 for the first time in five years.

Rachel Dalton on UK schemes' lack of appetite for PE

The top third-party administrators have been unveiled in the Professional Pensions Administration Survey 2013.

JLT Employee Benefits (JLT EB) has named former Prudential head of corporate pensions Martyn Bogira as a director responsible for its defined contribution (DC) and contract-based offerings.