Towers Watson

As the government consultation into pensions tax relief closes Helen Morrissey looks at whether moving to a flat rate of tax relief would work.

Towers Watson's LifeSight master trust has gained the Pension Quality Mark (PQM) Ready in recognition of good governance and communication.

Xafinity has appointed Sankar Mahalingham from Punter Southall as a senior member of its actuarial and wider management team.

Heineken's Scottish and Newcastle Pension Plan has completed a £2.4bn longevity swap with Friends Life.

The biggest stories on PP this week included political controversy surrounding the pensions minister, annual allowance charges and planned changes at the Pensions Ombudsman.

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.