UK - Retirement specialist GE Life is enhancing its product range with the introduction of a new phased drawdown product.
The plan is designed for clients who require income but not one-off cash lump sums, and those looking for flexibility over future income. The plan will also help clients maximise the lump sum available on death and minimise their potential inheritance tax liabilities.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.