Industry

Resolution has finalised its deal to buy Axa's UK life businesses as part of its ongoing acquisition programme, which is likely to continue until the middle of next year.

Public sector workers earn £136 a week more in pay and pensions than their private sector counterparts, Office for National Statistics data proves.

Financial secretary Mark Hoban has pointed the finger of blame at the Labour government for the scale of payments owed to Equitable Life policyholders following the insurer's near collapse 10 years ago.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

Trustees of closed DB schemes should investigate de-risking quickly as sponsor willingness to support the plan will diminish over time, MetLife Assurance says.

Trade unions have served the BBC with strike dates that coincide with the Conservative Party conference and the government spending review, after shunning a new pensions offer from the broadcast giant.

Trade unions have backed a motion calling for a national day of demonstration to oppose cuts in public services, pension provision and jobs.

The BBC has proposed a new career average arrangement as part of its pensions reform but is sticking with the controversial 1% annual cap for the existing final salary scheme.

A group of former Citi employees has launched a firm to help pension funds access alpha-generating investments.

Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.