Industry

The firm’s income for the 2020/21 financial year was £142.1m while profits also increased

Around £190m in financial penalties had been handed out

A British Steel transfer adviser fine and strong results for Phoenix Group

Issue looms like a ‘menacing shadow’ but fix could be ‘virtuous circle’ for schemes

While the firm saw adjusted operating profit of £90m, this was offset by its £87m pre-tax loss

But operating profit and bulk annuity sales drop from the same period of 2020

The GMP Equalisation Working Group’s guidance provides an update to its methodology guidance

Just 11% revealed the pandemic made them delay retirement because they could no longer afford it

This comes despite a £454m pre-tax loss for the six months to 20 June

Nearly 600 excess deaths were recorded between 24 and 30 July