“Shocking” underperformance by UK pension funds & more…Keep up with what has been happening this week in our latest IP news round-up…

BW appoints new leader appointed for growing Insurance and Longevity team

Bringing 25 years of experience to the role, Kim Durniat has been appointed as the new Business Area Leader for our Insurance and Longevity consulting team.

Legal & General completes third and final buyout with the Nortel Networks UK Pension Plan

Third transaction and final buyout insures the final tranche of Plan members’ benefits.

Aviva completes full scheme buyin with Telereal Pension Plan

Aviva has announced the completion of a £130 million bulk purchase annuity full scheme buy-in with the Trustee of the Telereal Pension Plan1 (“Plan”). The plan is sponsored by Telereal Services Limited.

“Shocking” underperformance by UK pension funds

Nine out of 10 UK pension funds have underperformed a FTSE All-Share tracker over 10 years, leaving savers with “significantly smaller” retirement pots, according to an investment administrator.

India’s Patkar Varde College achieves IFoA accreditation

Patkar Varde College, in affiliation with the University of Mumbai, has achieved IFoA accreditation for its Postgraduate Master of Science in Actuarial Science. This will provide successful students with 7 exemptions from the IFoA qualification (specifically CB1, CB2, CM1, CM2, CS1, CS2, and CP1).