The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.

Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.

Trustees of the RetailLink Management Limited pension plan have put in place a deal to buy out the £35m scheme over the next four years.

TUI has completed a Pension Increase Exchange (PIE) exercise across its three UK defined benefit (DB) schemes.

The Society of Pension Consultants (SPC) has elected Hogan Lovells partner Duncan Buchanan to serve as president for the next two years.

Malcolm McLean predicts politicians will target tax relief ahead of the general election

The lifting of restrictions on how defined contribution (DC) savers take their pots will not necessarily mean the end of the annuity market, says the Pensions Policy Institute (PPI).

The Fremantle Group Pension Plan has completed a buy-in with Pension Insurance Corporation (PIC) to cover approximately £47m of deferred and pensioner liabilities.

Respondents to PP research have dismissed suggestions that people should change the way they think about pensions, and called for scheme managers to have a role in guiding members.

The industry believes putting a parliamentary guarantee on the 25% tax-free lump sum would increase saving, according to PP research.