UK - Legal & General has published its first half figures showing a massive increase in new business and stable profits despite the market downturn.
The fund manager won a further £7.2bn of institutional business in the first half of this year – 20% up on new institutional business figures of £6bn in the same period last year.
Operating profits for the first six months of 2002 were £365m compared to £369m in the first half of 2001.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers