IFoA appoints Paul Lewis as new CEO & more…Keep up with what has been happening this week in our latest IP news round-up…

IFoA appoints Paul Lewis as new CEO

The IFoA has appointed Paul Lewis as its new chief executive officer. Lewis, currently chief operating officer at the Royal Society of Chemistry, will join on 6 January 2025.

LCP reaches £4bn secured through LCP’s Streamlined Buy-in Service following completion of a full buy-in with Aviva by the Trustee of Rotork Pension & Life Assurance Scheme

The Trustee of the Rotork Pension and Life Assurance Scheme (“the Scheme”) has entered into a £70m buy-in transaction with Aviva covering the pension benefits for 19 current pensioners and dependants, and 322 deferred members – including those members who remain employees of Rotork.

Scheme Actuary Emily Brown moves to First Actuarial

Emily Brown, a versatile Scheme Actuary who has worked with schemes large and small, has moved to First Actuarial from Mercer.

BW’s Research reveals retirement dreams vs financial reality gap

Barnett Waddingham’s latest report, ‘The At Retirement Reckoning’, takes a close look at this discrepancy. It surveys over 5,000 UK workers, more than half of which are over 50, and reveals a concerning gap between retirement dreams and the reality.

Austrian pension system needs DC plans boost, says Mercer

A boost to the second pillar’s defined contribution (DC) occupational pension plans is essential to strengthen Austria’s pension system, as the first pillar is under pressure from increased life expectancy and low birth rate, said Michaela Plank, managing director of Mercer Austria.