Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.
The deal will see Prudential take on the longevity risk for around £960m of pension liabilities for eight pension schemes. The agreement follows the two firms' first deal together in 2011, which saw...
The Pensions Regulator (TPR) has banned two trustees after they lost over £15m of members' funds in unregulated investments.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.