Fresh investment strategies are needed if mature defined benefit (DB) schemes want to pay benefits to members on time according to Legal and General Investment Management (LGIM).
LV= has said it will not launch into bulk annuities this year so that it can focus on its core strategy, but remains interested in the market.
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have given the go-ahead for Just Retirement and Partnership to merge.
JLT Employee Benefits has appointed Andrien Meyers as a senior investment consultant to help advise the firm's Local Government Pension Scheme (LGPS) clients.
JLT Employee Benefits has appointed Phil Wadsworth as chief actuary to replace outgoing Hugh Nolan who has left the company.
Prudential has seen a 46% fall in individual annuity sales during 2015 following the introduction of the April pension freedoms.
The Pensions and Lifetime Savings Association (PLSA) has launched a taskforce to tackle the problems faced by defined benefit (DB) schemes.
Total funding levels of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 have continued to fall against a backdrop of market volatility and falling gilt yields.
A group of pension fund managers have warned incoming bank capital rules could shut schemes out of derivatives or force them to sell long-term assets to generate cash.
The Pension Protection Fund (PPF) is in talks with British Home Stores (BHS) over transferring its 20,000 pensioners into the rescue agency.