Old Mutual Wealth has hired Jane Goodland from Towers Watson to head its responsible business efforts.
Nick Clegg has slammed "unreformed gold plated" public sector pensions after a report revealed taxpayer spending on the schemes will more than double by 2014/15.
The Gulf of Mexico oil spill crisis may not only prove a wake-up call for BP but for UK pension funds too.
About one third of employees have had their pension plans hindered by the recession and will have to take more personal responsibility over the coming years, Towers Watson says.
HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners' pension contributions it is introducing from 2011, Towers Watson says.
Sales of enhanced annuities in the UK increased by 24% last year, latest Towers Watson research reveals.