Speaking at the NAPF Annual Conference yesterday, Bob Geldof, explained to delegates why, after 40 years in rock ‘n' roll, he had landed up speaking to a bunch of pension geeks.
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The bulk annuity market will hit £20bn in the next few years, driven by growing appetite from insurers and the maturing of defined benefit (DB) schemes, says KPMG.
The industry has been urged to embrace new asset classes and retirement income freedoms by Sir Bob Geldof.
The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.
The industry is not satisfied with efforts to improve contract-based governance
There has been a 10% increase in the proportion of schemes in the Pension Protection Fund (PPF) 7800 index recording a deficit, according to the latest data.
Legal and General Investment Management (LGIM) has launched a fiduciary management service alongside a set of funds aimed at schemes targeting a buyout.