NEWS In brief

Published: 05 May, 2008

The Aon200 Index, which tracks the surplus or deficit of the 200 largest UK privately-sponsored final salary pension schemes, found that 56% were in surplus at the end of April.
“The aggregate surplus has remained relatively stable during April because positive equity returns have been offset by falling AA corporate bond yields,” said Marcus Hurd, senior consultant and actuary at Aon Consulting.

Aviva has seen a growth of 26% in its annuities business due to demand for enhanced annuities and bulk purchases.
In the first quarter, it won 16 bulk purchase annuity schemes worth £32m.
The £850m Clwyd pension fund, administered by Flintshire County Council, has put out to tender for an external investment adviser.
The council fund is looking for a firm that can advise on alternative investments, scheme administration issues, climate change, investment training, and carry out an asset-liability modelling exercise.

Armstrong Industries has appointed HR Trustees as professional trustee to its £75m pension scheme.
HR Trustees’ director, Mark Fletcher, will represent HR Trustees on the scheme’s board.

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