Rothesay Life has refinanced £100m of debt with MassMutual, a US mutual life insurer.
The insurance company said the investment would take the form of perpetual subordinated debt, and confirmed the strength of its business model. The investment replaces existing debt and Rothesay said...
The government is looking for a new administrator to service the Royal Mail Statutory Pension (RMSPS) Scheme, the UK's sixth largest public sector pension fund.
A government proposal to limit the right to transfer pension funds amid increasing scam activity has been welcomed by the industry.
Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.
The government has launched a consultation on banning pensions cold calling and limiting the right to transfer after a rise in scams since the pension freedoms.