The bulk annuity market will grow significantly over the next five years in spite of higher costs due to low interest rates and Solvency II capital requirements, according to Fitch Ratings.
Total deficits of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 increased by more than a third over last month against a backdrop of falling gilt yields.
Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.
Rothesay Life has entered into talks to buy Aegon's £8bn ($11.57bn) annuity book according to Sky News.
BSW Timber has saved £5m in liabilities and reduced its deficit by a quarter due to a medically underwritten mortality study (MUMS).
BAE has launched its first international employee share purchase plan available for non-UK taxpayers.
PP looks at whether more could be done to prevent members from transferring out in the first instance?
The Pension Protection Fund (PPF) is seeking a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process.
Johnston Press has reduced the deficit of its defined benefit (DB) scheme by £53m following a pension study and changes to its scheme rules.
Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.