UK - Royal & SunAlliance has created a second state pension support pack for IFAs in an effort to tackle consumer apathy and confusion.
The support pack will contain a plain English guide to S2P, as well as training materials on how it works in conjunction with the pensions credit and the minimum income guarantee.
R&SA hopes the pack will help individuals to make informed choices about whether to contract out of the S2P.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.