Investment

Legal & General (L&G), the country's biggest pension fund manager, has confirmed the end of its Association of British Insurers (ABI) membership.

The aggregate deficit of the Pension Protection Fund (PPF) 7800 Index increased in July from £109.0bn to £122.7bn, according to figures released by the lifeboat fund.

A sharp decrease in mortality rates in the first half of the year has highlighted the dangers of assuming that longevity improvements will plateau, says Hymans Robertson.

FTSE350 firms' contributions to their defined benefit (DB) pension deficits are at the lowest level in five years, according to research by Barnett Waddingham.

TUI Travel has embedded a Pension Increase Exchange (PIE) offer into its retirement processes, in a move which has cut its liabilities by up to £32m.

The Pension Protection Fund (PPF) has completed the transfer of assets held by the UK Coal pension scheme after the company collapsed following a failed restructuring.

The National Employment Savings Trust (NEST) has increased its focus on managing environmental, social and governance (ESG) risks in its portfolio.

Aviva will do more mid-sized bulk annuity deals with companies over the remainder of the year after more than doubling its bulk business.

JPMorgan Asset Management (JPMAM) will rely on its existing fund range to meet demand for post-Budget retirement income offerings for defined contribution (DC).

LCP research finds employers are looking for different ways to plug deficits