Jack Jones looks at the state of the UK’s growing number of £1bn plus schemes

Rothesay Life is set to buy Metlife's £3bn bulk annuity business in the latest deal in a round of consolidation in the pensions insurance market.

Eaton Vance Management (EVM) has appointed Edward Perkin chief equity investment officer.

This week we want your views on the Financial Conduct Authority's (FCA) annuity market review. We also want to know if annuities should come with a cooling off period and whether trustees are getting their priorities wrong.

The Pensions Regulator's (TPR) defined benefit (DB) code of practice has been dismissed as ‘500 pages of garbage' by BESTrutees chairman and former non-executive director at the watchdog Alan Pickering.

This week, Buzz respondents said trustees must get better at understanding fees.

Most respondents think the industry should focus on defined contribution to improve the image of pensions.

An even greater proportion of Buzz respondents said schemes must do more to understand the fees they pay to asset managers.

Most Buzz respondents believe trustees and scheme managers are not doing enough to get to grips with fees they pay for transition management services.

There was only very limited support from Buzz respondents for the idea of replacing tax relief with a simple system of matching contributions.