The High Court has approved Royal London's plan to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot.
Pensions Minister Steve Webb has revealed that Department for Work and Pensions (DWP) officials met representatives of leading insurers 27 times over the last four months.
Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.
Pensions minister Steve Webb yesterday laid draft regulations before Parliament which will ban consultancy charging (CC) on auto-enrolment (AE) when they come into effect.
Scottish Life has confirmed that it will continue to undertake new auto-enrolment business through consultancy charging, despite being criticised by the pensions minister and releasing a statement apparently announcing a u-turn.
Scottish Life and Royal London Asset Management (RLAM) both secured year-on-year new business boosts in the first quarter of 2013, according to Royal London Group.
Scottish Life has removed the Close TEAMs Global Alpha fund from its £55.1m Global Blend Core Plus pension fund after a "sustained period of underperformance".
Providers have made preparations to deal with auto-enrolment’s busiest period. Rachel Dalton reports
Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.
Scottish Life has become the latest major life company to launch its auto-enrolment proposition.