Towers Watson

The trustee of the £120m Shop Direct Group Pension Plan has chosen Towers Watson to manage its investment portfolio on a fiduciary management basis.

Towers Watson has appointed Stuart Reid as business development and sales lead for its master trust, LifeSight.

Almost two thirds of companies have not changed their defined contribution (DC) default investment strategies to take account of the pension flexibilities, according to two surveys.

Top stories online this week include the fallout from'Black Monday', and PP's investment awards.

Former Standard Life head of workplace proposition Ann Flynn has joined Towers Watson as a senior consultant.

Emma Hunt has been appointed director of strategic client management and business development at Hermes Equity Ownership Services (Hermes EOS).

Proposed changes to European pension rules would make it harder for employers to change their defined contribution (DC) provider, according to Towers Watson.

The number of face-to-face and over-the-phone guidance sessions provided by the government-backed service Pension wise has reached almost 18,000 since its launch in April.

The trustees of the AXA UK Group Pension Scheme have agreed a £2.8bn longevity swap with Reinsurance Group of America (RGA).

Budget documents have confirmed the lifetime allowance is to be indexed annually in line with the consumer prices index (CPI) from 6 April 2018.