Companies that made it into the news in August
Aon Consulting has completed the implementation of the ViaNova straight-through-processing standard across its entire DC client base by working with Idea Group.
Punter Southall has been appointed by the trustees of The Fairhurst Partnership's defined benefit and defined contribution schemes to provide assistance and support to over 800 members.
Alinda Capital Partners has been appointed by the London Borough of Brent’s pension fund to manage an infrastructure mandate worth approximately 5% (approximately £25m) of the council’s assets under management.
Just Retirement has agreed to a £225.5m takeover from Permira Advisers, as it reports record new business. Private equity company Permira will pay 76p per share and inject £25 million into the company after the takeover via a capital increase.
Energy workers have threatened industrial action if their defined benefit pensions are cut following proposals from electricity regulator Ofgem. Union Prospect said it had grave concerns about Ofgem's latest consultation which urges companies to cut pension costs.
The London Borough of Waltham Forest has awarded a £150,000 contract to HSBC Actuaries & Consultants for investment consultancy services to its pension fund.
Mercer has been appointed by chocolate makers Lindt & Sprüngli as defined contribution (DC) pensions and risk benefits adviser to its UK and Ireland business.
The Financial Services Authority has applied to court to wind up Freedom Sipp, a pension provider specialising in French property investments. The FSA’s concerns focus on tax relief laws.