Standard Life complete buy in with Mitchells and Butlers & more…Keep up with what has been happening this week in our latest IP news round-up…

Actuaries urge financial sector to be ready for changes to biodiversity reporting

The Institute and Faculty of Actuaries (IFoA) is urging the financial sector to be ready for the “changes coming our way” because of the economic and financial risks posed by biodiversity loss.

Standard Life complete buy in with Mitchells and Butlers

Standard Life, part of Phoenix Group, has concluded a £1.2 billion Bulk Purchase Annuity (“BPA”) transaction covering c. 20,200 members of the Mitchells & Butlers Pension Plan (“the Plan”). Mitchells & Butlers Plc has a history dating back to 1898 and operates a number of the UK’s restaurants, pubs and bars.

Chen returns to Pinnacle

Michael Chen has returned to Pinnacle Actuarial Resources (Pinnacle) as a senior consulting actuary.

Asset managers must adapt or die, says PwC

A radical shake-up of the asset and wealth management sector is predicted by 2027.

Robert Wakefield elected as President of the PMI

The Pensions Management Institute (PMI) is pleased to announce the election of Robert Wakefield as its new President following its 47th Annual General Meeting on 25th July 2023.

IFoA calls for Government to prioritise future generations

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